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.
Both positive gravity target areas are over 1 km by 1.5 km in size with one centered more on the eastern side of the property and the other on the west. The eastern target is the best defined by gravity data to date. Excel Geophysics’ computer model places the Sedex target along the lower contact of the footwall quartzite geological unit (see Model Profiles W at http://pjxresources.com/model-profile-w.pdf and Z at http://pjxresources.com/model-profile-z.pdf). This is the same contact that historical holes (KV90-41 and KV94-57), drilled in the early 1990’s by other companies, intersected massive sulphide with zinc, lead, silver and some copper and gold mineralization. These holes discovered the mineralization approximately 900 metres (“m”) to the southwest of the eastern target. The computer model profile suggests that the eastern target may be in part folded, over 50 m thick locally, and as shallow as 300 m below surface. This target has never been drilled.
The large western target appears to be entirely separate and stratigraphically above the eastern target (see Model Profile Z link above). The computer model, prepared by Excel Geophysics, suggests that the western target may have 2 zones of flat lying Sedex mineralization. The model also identified a potential vertical zone of mineralization that is interpreted to be a possible feeder zone to the flat lying mineralization (see Model profile B at http://pjxresources.com/model-profile-b.pdf). The western target area has also never been drilled.
Permits to drill the eastern and western targets have been received. Drilling will commence soon on the eastern target. Additional gravity work is planned to better define the flat lying and vertical aspects of the western target prior to drilling.
“The potential for stacked Sedex deposits on our property is very encouraging.”, stated John Keating, President and CEO. “We could not ask for a better location. The regional highway, rail-line and 2 power transmission lines cross the Vine property.”
PJX owns 100% of the Vine Property which includes the Vine Extension claims that are subject to a 1% Net Smelter Return held by Klondike Gold Inc.
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.
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