PJX Resources Inc. | TSX-V: PJX

TSX-V: PJX

Building Resource Opportunity

Gold In Soil Zones Discovered On Zinger Property

September 16, 2014adminNewsComments Off

Toronto, Ontario – September 16, 2014 – PJX Resources Inc. (“PJX” or the Company”) is pleased to announce the discovery of highly anomalous gold in soils on the Zinger Property located near Cranbrook, British Columbia. Two soil grids (West and East grids) were established approximately 900 metres apart to confirm the potential for gold mineralization in the Gold Run Lake area on the property. Highly anomalous soil results ranging up-to 743 parts per billion (“ppb”) and 4941 ppb (equivalent to 4.9 grams/tonne (“g/t”)) gold were encountered on the West and East grids, respectively.

The soil geochemistry surveys produced gold anomalies that appear to coincide with established geological trends and structures. The soil anomalies occur on strike with an 8 km long trend of gold mineralization in bedrock grab samples. The gold anomalies have never been trenched or drilled. Additional sampling is required as the anomalies appear to extend off the grids.

“The highly anomalous gold in soil results are impressive”, stated John Keating, President and CEO of PJX. “The anomalies not only occur in a favourable geological setting to host gold mineralization, but may also be related to a bedrock source for placer gold mined in Perry Creek downstream from Gold Run Lake.”

Maps of the soil anomalies and geology can be seen on the PJX web site at http://pjxresources.com/projects/zinger-property.

Technical Summary

Soil samples from both East and West grids varied in gold concentration from 1.2 ppb up to 4941 ppb (4.9 g/t) with a median of 57.5 ppb and average of 119.4 ppb gold.

The West grid overlies thick quartzite packages of the Proterozoic age Middle Creston rock unit and has a median value of 70.0 ppb gold which is considerably higher than the median value of 9.2 ppb gold for Middle Creston rocks elsewhere on the property. The elevated gold concentration on this grid may be related to structural enrichment associated with north-northeast trending tight “Z” folds and intersecting northwest extensional faults. Mapping has identified these two major structural trends projecting into the soil survey area.

The East soil survey contains a very strong gold anomaly with three samples returning over 1000 ppb (1.0 g/t) gold. The highest value in the anomaly is 4941 ppb (4.9 g/tonne). The anomaly appears to extend south – southeast from the sample site with the highest gold value obtained. Gold mineralization may be preferentially concentrated at the intersection of a northwest trending, southwest dipping extensional fault and a northeast trending, northwest dipping splay of the Perry Creek thrust fault within a more argillaceous rock unit.

(TSX VENTURE: PJX.V)

The company considers that the Zinger Property geology and mineralization support the potential for Sediment Hosted Vein (“SHV”) gold mineralization. SHV deposits can be significant in size, such as the Sukoi Log gold deposit (20 million ounces) in Russia.

The Company plans to expand the soil surveys in the Gold Run Lake area. Geophysics is also being considered over the gold anomalies to help define targets for trenching or drilling in the future.

Vine Property

PJX continues to focus exploration on testing two large gravity anomalies (eastern and western) that may host zinc-lead-silver mineralization similar in style to the Sullivan Deposit located 35km north of the Vine Property. Only 3 holes have been drilled to a target depth of the footwall quartzite in the eastern anomaly area. Two of these holes, drilled in the 1990’s, intersected zinc, lead, silver massive sulphide mineralization. The third hole recently intersected a possible important structure for controlling potential mineralization. The western gravity target area has never been drilled.

The foregoing geological disclosure has been reviewed by John Keating, P.Geo. (a qualified person for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Keating is the President, CEO 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 historical 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 info@pjxresources.com

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 can 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 statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of 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 anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. 

PJX Resources Announces Private Placement

August 22, 2014adminNewsComments Off

Toronto, Ontario – August 22, 2014 – PJX Resources Inc. (“PJX” or “the Company”) is pleased to announce a non-brokered private placement of 4.8 million units through the issuance of flow through (“Flow Through Unit”) and non-flow-through units (“Unit”) at a price of $0.15 per Flow Through Unit and $0.125 per Unit.  Each Flow Through Unit will consist of one flow through share and one non-transferable common share purchase warrant. Each Unit will consist of one common share and one non-transferable common share purchase warrant. Each warrant, whether acquired as part of a Flow Through Unit or Unit, will entitle the holder to purchase one common share at an exercise price of $0.20 for 24 months following completion of the offering.
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Vine Property Potential For Zinc-Lead-Silver Mineralization

July 17, 2014adminNewsComments Off

Toronto, Ontario – July 17, 2014 – PJX Resources Inc. (“PJX” or the Company”) is pleased to announce that preliminary drilling and additional geophysics on the Vine Property has discovered what the Company believes may be a structural feature, known as a gabbro arch and known to be associated with lead, zinc, silver sulphide mineralization. The structure may be similar in nature to those that occur at the Fors and Smoker occurrences, on the Company’s West Basin Property, and at the former Sullivan mine located 35 km to the north of the Vine and West Basin Properties.
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Additional Gravity Work Defines 2 Large Target Areas To Test On PJX’s Vine Property

May 6, 2014adminNewsComments Off

Toronto, Ontario – May 6, 2014 – PJX Resources Inc. (“PJX”) is pleased to announce that recent computer modelling of additional gravity survey data by Excel Geophysics has defined 2 large target areas on the Vine property occurring within the 2 kilometre (“km”) by 4 km positive gravity anomaly that was first identified in 2013. PJX believes that the multiple target areas have potential to host Sedimentary Exhalative (“Sedex”) massive sulphide (zinc, lead, silver) mineralization similar in style to the Sullivan deposit located 35 km to the north. The Vine property is approximately 15 km south of Cranbrook, British Columbia.
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PJX Resources Has Acquired 100% Interest In Vine Extension Property

February 27, 2014adminNewsComments Off

Toronto, Ontario – February, 27 2014 – PJX Resources Inc. (“PJX” or the “Company”) is pleased to announce that the Company has completed a Purchase and Sale Agreement (the “Purchase Agreement”) with Klondike Gold Corp. (“KG”) to acquire a 100% interest in the Vine Extension property (the “Property”) located in Cranbrook, British Columbia, that was initially under option to PJX.
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PJX Resources Closes Private Placement

February 11, 2014adminNewsComments Off

Toronto, Ontario – February 11, 2014 – PJX Resources Inc. (“PJX”) is pleased to announce it has completed the non-brokered private placement (the “Offering”) previously announced by the Company on November 20, 2013. The Offering was closed in two tranches with the aggregate issuance of 4,749,000 million units for total proceeds of $612,250. Approval of the Offering by the TSX Venture Exchange (the TSXV”) was received on February 11, 2014.
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PJX Resources Announces Private Placement

November 20, 2013adminNewsComments Off

Toronto, Ontario – November 20, 2013 – PJX Resources Inc. (“PJX”) is pleased to announce a non- brokered private placement of 4.8 million units for total proceeds of up to $600,000 through the issuance of flow through (“Flow Through Unit”) and non-flow-through units (“Unit”) at a price of $0.15 per flow through unit and $0.125 per non-flow through unit. Each unit, whether acquired as part of a Unit or a Flow Through Unit, will consist of one common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of $0.20 for 24 months following completion of the offering.

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PJX Resources Identifies Large Gravity Target On The Vine

October 24, 2013adminNewsComments Off

Toronto, Ontario – October 24, 2013 – PJX Resources Inc.(“PJX” or the “Company”) is pleased to announce that it has completed the compilation of the results of a preliminary gravity geophysical survey conducted by Excel Geophysics Inc. and historical data on the Vine Property located near Cranbrook, British Columbia.  Interpretation of this data has identified a large target area with massive sulphide deposit potential.

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PJX Resources Acquires 100% Interest In Cranbrook Properties

October 19, 2013adminNewsComments Off

Toronto, Ontario – October 17, 2013 – PJX Resources Inc. (the “PJX” or the “Company”) is pleased to announce that the Company has completed the acquisition of a 100% interest in the Dewdney Trail, Zinger, Eddy and Vine Properties (the Properties) located in Cranbrook, British Columbia, that were initially under option to PJX.

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Pjx Resources Signs Agreement To Acquire 100% Interest In Cranbrook Properties

July 15, 2013adminNewsComments Off

Toronto, Ontario – July 15, 2013 – PJX Resources Inc. (the “PJX” or the “Company”) is pleased to announce that the Company has entered into a Purchase and Sale Agreement (the “Agreement”) with SG Spirit Gold Inc. (SG) to acquire a 100% interest in properties (the “Properties”) located in Cranbrook, British Columbia, that were initially under option to PJX.

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Contact Us
Phone: 416.799.9205
Fax: 416.644.8801
Email: info@pjxresources.com
Office
5600 – 100 King Street West
Toronto, Ontario, M5X 1C9
Canada
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