Sediment – Hosted Copper Mineralization Discovered ON PJX Resource’S New Parker Copper Property
(TSX VENTURE: PJX.V)
SEDIMENT – HOSTED COPPER MINERALIZATION DISCOVERED ON
PJX RESOURCE’S NEW PARKER COPPER PROPERTY
Toronto, Ontario – October 1 , 2018 – Prospecting has discovered a n extensive horizon of
sediment hosted copper mineralization on PJX R esources’ 100% owned new Parker Copper
Property near Cranbrook, British Columbia, Canada. The style of copper mineralization and
geological environment support the potential for sediment -hosted copper type deposits similar to
the Montanore, Spar Lake and Rock Creek copper-silver deposits located across the border in the
United States.
Copper mineralization occurs as thin beds/bands and along fractures in a 2 metre thick
stratigraphic horizon that has been traced in outcrop for at least 800 metres . The mineralization
appears to transition from a chalcopyrite mineral that has lower copper content to bornite and
chalcocite minerals with higher copper content along strike . Management believes that this
mineral transition toward higher copper content can be used to help guide exploration toward the
location of a potential mineral deposit.
“This copper discovery by the Kennedy family of prospectors demonstrates how new significant
mineral occurrences can still be found at surface in established mining districts hosting world class
deposits like the historical Sullivan Mine.” states the President and CEO of PJX, John Keating.”
The copper mineralized horizon is open in all directions and was discovered while prospecting for
gold on PJX’s Eddy Property . The fav ourable mineralized horizon extends beyond the Eddy
Property boundary. In order to obtain additional favourable geology, over 6,000 hectares of new
mineral claims have been staked . This new area will be called the Parker Copper Property. Rock
grab samples have been sent for analysis. Additional work is planned to explore the deposit
potential of the copper mineralized horizon.
Geology and Mineralization
Strata-bound, disseminated, and fracture controlled copper sulphide mineralization, including
chalcocite, bornite, and chalcopyrite, occur over a 2 metre thick stratigraphic horizon comprised of
thin to medium bedded greenish -grey argillite-siltite and fine -grained quartzite within the meso -
Proterozoic Middle Creston Formation (Fm) rocks. The Middle Creston Fm host rock is correlative
with the Revett Fm of Montana and Idaho which hosts sedimentary Copper -Silver deposits at Spar
Lake, Rock Creek, and Montanore.
Copper sulphides are best developed in multiple strata -bound lenses/bands up to 3 mm across
which occur along bedding interfaces and within syn -sedimentary structures (load casts, sand -
dykes etc.) in the 2 metre thick mineralized stratigraphic horizon.
The mineralized horizon has been traced along strike for over 800 meters and appears to foll ow a
sulphide/gangue mineral zonation pattern with a distal chalcopyrite -pyrite-carbonate zone
developed west of the main showing area. The mineralized zone is spatially related to a recently
recognized syn-sedimentary fault system parallel to the Old Baldy Fault system.
Other Properties
Management believes that r ecent d rilling has identified a possible feeder zone to a potential
massive sulphide body on the Vine Property where additional exploration is planned (see release
dated September 19, 2018). As previously announced (see release dated August 20, 2018),
permits have been received and drilling is planned to commence on the DD Property . Exploration
work on the Zinger, Eddy and Dewdney Trail Properties has continued through the summer .
Management believes that p reliminary results from this work are very encouraging. Additional
information will be made available when all lab results have been received and compiled with
geological and geophysical field data over the coming months.
The foregoing geol ogical disclosure has been reviewed by John Keating P.Geo. (qualified persons
for the purpose of National Instrument 43 -101 Standards of Disclosure for Mineral Projects). Mr.
Keating is the President, Chief Executive Officer and a Director of PJX.
About PJX Resources Inc.
PJX is a mineral exploration company focused on building shareholder value and community
opportunity through the exploration and development of mineral resources with a focus on gold
and base metals. PJX’s properties are located in the h istorical mining area of Cranbrook and
Kimberley, British Columbia. Please refer to our web site http://www.pjxresources.com for
additional information.
FOR FURTHER INFORMATION PLEASE CONTACT:
Linda Brennan, Chief Financial Officer
(416) 799-9205
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This News Release contains forward -looking statements. Forward looking statements are statements which relate to future events.
Forward-looking statements include, but are not limited to, statements with respect to exploration results, the success of exploration
activities, mine development prospects, completion of economic assessments, and future gold production. In some cases, you ca n
identify forward-looking statements by terminology such as "may", “appears to”, "should", "expects", "plans", "anticipates", believes",
"estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These sta tements
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activity, performance or achievements to be materially different from any future results, levels of activity, performance, or
achievements expressed or implied by these forward-looking-statements.
Although PJX has attempted to identify important factors that could cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as
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