PJX PJX Resources Inc

PJX Resources Inc. (the "Corporation" or "PJX") (TSX VENTURE:PJX) is pleased to
announce it has commenced trading on the TSX-V with the symbol PJX. 


John Keating, President and CEO of PJX, states: "We are excited to have
completed our $2.5 million IPO financing and listing on the TSX Venture
Exchange. Over $3 million has been spent to date by previous operators to
discover numerous gold showings across our large properties in Cranbrook, B.C.
We are now working to bring the many showings to the next stage of exploration
to determine if any of them could become a gold deposit. Drilling is planned to
commence on a number of targets this October."


Rock grab samples containing gold concentrations to 18 grams/tonne highlight a
mineralized quartzite unit on PJX's Dewdney Trail property. The large tonnage
potential of the gold quartzite rock unit is what attracted PJX to the area and
the Dewdney Trail Property. 


As PJX's 43-101 report indicates, the key economic driver is target size of the
rock unit: 100 metres (m) by over 5000 m. The rock unit contains pockets of
visible gold as well as anomalous gold values throughout the unit. Given the
pervasive nature of the alteration, and the close spacing of veins, there is
potential for a bulk-tonnage type deposit. 


The gold bearing quartzite and discoveries have never been drilled. PJX has
completed a $2.5 million IPO financing to explore and drill the gold quartzite
and other targets. An airborne geophysical survey has been flown and ground work
is already underway to refine gold targets for planned drilling in October,
2011. 


The Dewdney Trail property is one of 4 highly prospective gold properties that
the company plans to explore and develop in the Cranbrook area of British
Columbia. PJX Resources' has an option to earn up to an 80% interest in the 4
gold properties from SG Spirit Gold Inc. The properties are road accessible,
close to infrastructure, and located in mining friendly Cranbrook/Kimberley,
British Columbia, home of the former world class Sullivan mine. 


Mr. Keating concludes: "Our shareholders will benefit from having a Management
Team and Board of Director's with over 120 years of experience in the mineral
industry. We look forward to putting this expertise to work for the shareholders
of PJX."


The foregoing geological disclosure has been reviewed by Mr. 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.


More information will be announced about PJX's exploration activities and other
properties in the coming weeks. Please refer to our web site
http://www.pjxresources.com for additional information.


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. PJX's primary properties are located in the
historical mining area of Cranbrook and Kimberley, British Columbia.


Forward-Looking Information

This release contains forward-looking statements, including predictions,
projections and forecasts. Forward-looking statements include, but are not
limited to, statements with respect to completion of economic assessments,
exploration results, the success of exploration activities generally, mine
development prospects, and future gold production. Often, but not always,
forward-looking statements can be identified by the use of words such as
"plans", "planning", "expects" or "does not expect", "continues", "scheduled",
"estimates", "forecasts", "intends", "potential", "anticipates", "does not
anticipate", or "belief", or describes a "goal", or variation of such words and
phrases or state that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved. Forward-looking
statements involve known and unknown risks, future events, conditions,
uncertainties and other factors which may cause the actual results, performance
or achievements to be materially different from any future results, prediction,
projection, forecast, performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others, the results of
due diligence activities, the interpretation and actual results of current
exploration activities; changes in project parameters as plans continue to be
refined; future prices of gold; possible variations in grade or recovery rates;
failure of equipment or processes to operate as anticipated; labour disputes and
other risks of the mining industry; delays in obtaining governmental approvals
or financing or in the completion of exploration, as well as those factors
disclosed in PJX's publicly filed documents.


Although PJX has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause actions,
events or results not to be as anticipated, estimated or intended. There can be
no assurance that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements.

PJX Resources (TSXV:PJX)
Historical Stock Chart
From Oct 2024 to Nov 2024

PJX Resources (TSXV:PJX)
Historical Stock Chart
From Nov 2023 to Nov 2024