PJX Resources Inc. and DLP Resources Inc. , the wholly owned subsidiary of MG Capital Corporation, are pleased to announce the signing of a Letter of Intent to finalize a definitive Option Agreement in relation to PJX's Sullivan-type Lead Zinc Silver DD Property by July 2, 2020. The DD Property has potential to host a high-grade Sullivan style deposit that is located near Cranbrook, British Columbia, Canada. The Sullivan [...]
PJX Resources Inc. is pleased to announce that PJX's assessment supports Teck Resources Ltd.'s report on PJX's DD property that a drill hole to test the target horizon called the LMC was not drilled deep enough. The LMC is the geological horizon where the Sullivan Deposit occurs approximately 45 kilometres north of PJX's 100% owned DD Property near Cranbrook, British Columbia, Canada. "The drill hole stopped in a gabbro [...]
PJX Resources Inc. is pleased to announce it has completed consolidation of the High-Grade David Gold Zone with acquisition of the last remaining heritage claim, subject to regulatory approval. The David Gold Zone occurs on PJX's Gold Shear Property that is 30 km by road from Cranbrook, British Columbia, Canada. "PJX has strategically consolidated 100% of the mineral title to over 50,000 hectares of land covering the [...]
PJX Resources Inc. is pleased to announce that PJX drill results compiled with historical drill data has identified large target areas on strike and at depth of high-grade gold mineralization on the Gold Shear Property. The Gold Shear Property is road accessible and part of PJX's large mineral title holdings in the Placer Gold and Sullivan Mining Camps near Cranbrook, British Columbia, Canada. Over 1.5 million ounces of [...]
"PJX Resources' had a successful year of exploration during 2019," states Mr. John Keating, President and CEO of PJX Resources . "Drilling intersected high-grade gold mineralization on the Gold Shear Property and a New Massive Sulphide horizon on the Vine Property. We look forward to building on this success and further test these new gold and base metal zones as well as targets on other properties in 2020." Initial [...]
PJX Resources Inc. is pleased to announce that vein hosted high-grade gold mineralization, with a weighted average of up to 25.07 grams per tonne over 2.1 metres true width, was intersected by drilling on the David Gold Zone on the Gold Shear Property near Cranbrook, British Columbia, Canada. "Gold mineralization appears to be associated with an intrusive source," states Mr. John Keating, President and CEO of PJX [...]
PJX Resources Inc. is pleased to announce it has received TSX Venture Exchange approval of the completed non-brokered private placement initially announced by the Company on October 15, 2019 for total proceeds of $1,409,200. "We have greatly advanced the potential to discover a deposit on our base metal and gold properties during 2019," states John Keating. We would like to thank our shareholders, consultants and [...]
This news release is issued by George Patton pursuant to the early warning requirements of Canada's National Instrument 62-104 and National Instrument 62-103 with respect to class A common shares of PJX Resources Inc. On December 6, 2019 Mr. Patton On December 06, 2019, pursuant to a non-brokered private placement, Mr. Patton acquired direct ownership of 3,333,333 units of PJX Resources Inc. at a price of $0.15 per unit [...]
PJX Resources Inc. is pleased to announce that the New Massive Sulphide zone recently intersected in hole VA19-48 corresponds with a strong conductive Electromagnetic anomaly identified by recent down hole geophysics on the Vine Property. The NMS zone is very conductive and occurs at the edge of the newly identified strongly conductive EM anomaly which supports the NMS zone may be part of a larger body. "This is very [...]
PJX Resources Inc. is pleased to announce an extension for completion of its non-brokered private placement , previously announced in its news release of October 15, 2019. The Offering is expected to close in two tranches with the second and final tranche expected to close on or before December 20, 2019. Closing of the Offering is subject to certain conditions customary for financings of this kind, including, but not [...]
PJX Resources Inc. is pleased to announce that the New Massive Sulphide mineralization recently intersected by drilling may be part of a laterally extensive horizon. Magnetotelluric geophysics supports that the conductive NMS zone may extend for kilometres to the northwest. The Sullivan massive sulphide deposit also occurred in a laterally extensive horizon. The Vine Property is located 35 kilometres south of the Sullivan [...]
PJX Resources Inc. is pleased to announce that the 5.5 metre zone with massive sulphide mineralization intersected by recent drilling appears to occur at the same horizon as a 3.4 metre massive sulphide zone grading 5.6% lead, 2.7% zinc and 1.2 ounces/ton silver in an historical hole drilled 700 metres to the south. No other holes have been drilled to test this horizon between these two holes or on strike and down dip to [...]