Toronto, Ontario – May 11, 2021 – PJX Resources Inc. (“PJX” or the “Company”) is pleased to announce a possible source of massive sulphide mineralization intersected in 2 widely spaced holes VA19-48, drilled in 2019, and pre-PJX hole KV90-41 drilled in 1990 on the PJX’s Vine Property. The 2 holes are about 700 metres apart. They both intersected massive sulphide mineralization that appears to be similar in style to mineralization that occurs proximal to the Sullivan zinc-lead-silver deposit located 35 km north of the property.
anomaly (Figure 2 below).
what appears to be a New Massive Sulphide (NMS) horizon intersected in PJX’s 2019 drill hole
(VA19-48) and the Pre-PJX drill hole KV90-41.
“The Vine Vein is a surface showing with zinc, lead, copper, gold, and silver” states Mr. John Keating, President and CEO of PJX Resources. “In the 1980’s Cominco believed that massive sulphide mineralization in the Vine vein (Figure 3 below) may have been remobilized from a Sullivan type deposit at depth. Cominco drilled holes to 500 m deep at the Vine vein but did not intersect a Sullivan type deposit. The pre-PJX 1990 hole and PJX’s 2019 hole intersected the NMS massive sulphide mineralization 300 m deeper than the geological horizon Cominco tested. There have only been a few holes drilled deep enough to test the NMS horizon. We believe there is substantial untested potential to discover a massive sulphide deposit across the Vine Property. Biogeochem sampling may be a good tool to help unlock that potential.”
The Company announces that Mr. Kent Pearson has resigned as a Director of the Company. Kent has been a director with the Company since March, 2011. During his tenure Kent was instrumental in helping to build the Company and broaden its network. The Board would like to thank Kent for his efforts and support. The Board wishes him success in his future endeavors.
The foregoing geological disclosure has been reviewed and approved by Dave Pighin, P.Geo., and John Keating P.Geo. (qualified persons for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Pighin is the consulting geologist for PJX on the Vine Property and was responsible for managing historical drilling undertaken by Kokanee Exploration in the 1990’s. 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, silver and base metals (zinc, lead, copper). PJX’s primary properties are located in the historical Sullivan Mine District and Vulcan Gold Belt near Cranbrook and Kimberley, British Columbia.
Please refer to our web site http://www.pjxresources.com for additional information.
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