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PJX Resources Inc. Commences Trading on TSX Venture Exchange
PJX Resources Inc. Commences Trading on TSX Venture Exchange Toronto, Ontario CANADA, Septembe...
About this update from Pjx Resources Inc.
[{"type":"text","content":"\nPJX Resources Inc. Commences Trading on TSX Venture Exchange\n\nPJX Resources Inc. Commences Trading on TSX Venture Exchange\nToronto, Ontario CANADA, September 14, 2011 /FSC/ - PJX Resources Inc. (PJX - TSX Venture), (the \"Corporation\" or \"PJX\") is pleased to announce it has commenced trading on the TSX-V with the symbol PJX.   \nJohn 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.\"\nRock 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.  \nAs 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. \nThe 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.  \nThe 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.  \n...