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PJX Resources Inc
Symbol PJX
Shares Issued 37,974,201
Close 2014-09-11 C$ 0.125
Market Cap C$ 4,746,775
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PJX samples up to 4.9 g/t Au in soil at Zinger

2014-09-16 09:11 ET - News Release

Mr. John Keating reports

GOLD IN SOIL ZONES DISCOVERED ON ZINGER PROPERTY

PJX Resources Inc. has discovered highly anomalous gold in soils on the Zinger property located near Cranbrook, B.C. 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 and 4,941 parts per billion (equivalent to 4.9 grams per tonne) 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 eight-kilometre-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 chief executive officer 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 website.

Technical summary

Soil samples from both east and west grids varied in gold concentration from 1.2 parts per billion up to 4,941 parts per billion (4.9 grams per tonne) with a median of 57.5 parts per billion and an average of 119.4 parts per billion gold.

The west grid overlies thick quartzite packages of the Proterozoic-age Middle Creston rock unit and has a median value of 70 parts per billion gold, which is considerably higher than the median value of 9.2 parts per billion 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 1,000 parts per billion (one gram per tonne) gold. The highest value in the anomaly is 4,941 parts per billion (4.9 grams per 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.

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 35 kilometres north of the Vine property. Only three holes have been drilled to a target depth of the footwall quartzite in the eastern anomaly area. Two of these holes, drilled in the 1990s, 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, PGeo (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.

We seek Safe Harbor.

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