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PJX Resources Inc
Symbol PJX
Shares Issued 75,988,396
Close 2018-04-20 C$ 0.175
Market Cap C$ 13,297,969
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PJX Resources spots zinc-lead-silver target at DD

2018-04-24 10:18 ET - News Release

Mr. John Keating reports

GEOLOGICAL AND GEOPHYSICAL DATA DEFINE VECTORS TO A POTENTIAL SULLIVAN-TYPE MASSIVE SULPHIDE TARGET ON PJX RESOURCES' DD PROPERTY

PJX Resources Inc.'s geological and geophysical data have defined vectors to a potential Sullivan-type massive sulphide (zinc-lead-silver) target on its DD property, located approximately 35 kilometres southwest of Cranbrook, B.C.

"Historical drilling adjacent to the DD property define geological and geochemical vectors for a potential Sullivan-type system, which increase toward the DD property," stated Dave Pighin, PGeo for PJX Resources. "The Sullivan deposit occurs at a geological time called the Sullivan horizon. The thickness, alteration and anomalous zinc-lead concentrations of the Sullivan horizon progressively increases in intensity the closer holes are drilled to the DD property. A similar increase in thickness, alteration and anomalous zinc-lead concentrations in the Sullivan horizon occurs in proximity to the Sullivan deposit."

"The magnetotelluric (MT) geophysical survey carried out by Quantec Geoscience on the DD property has defined a MT anomaly that appears to coincide with the anticipated depth of the favourable Sullivan horizon," stated the president and chief executive officer of PJX, John Keating. "The Sullivan deposit contained iron sulphides that could be detected by an MT survey and cause an MT anomaly. The MT anomaly on the DD property occurs on two widely spaced lines, 700 metres apart, and is open to the north and south. The DD property MT anomaly is at a depth and a size that supports the potential for a Sullivan-type target."

PJX has granted Teck Resources Ltd. an option to earn up to a 75-per-cent interest in the DD property (see March 5, 2018, press release for more details). Teck is assessing the MT target for drilling and is in the process of applying for the relevant permits.

The road-accessible DD property is located approximately 120 kilometres east of Teck's metallurgical complex in Trail, B.C., and about 45 kilometres south of the Sullivan mine, which operated for more than 90 years before being closed in 2001.

The foregoing geological disclosure has been reviewed by Mr. Pighin, PGeo, and Mr. Keating, PGeo, (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 DD and Vine properties. Mr. Keating is the president, chief executive officer and a director of PJX.

About PJX Resources Inc.

PJX Resources 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 areas of Cranbrook and Kimberley, B.C.

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