Pjx Resources Inc. · TSXV:PJX
Pjx Resources — Investor Presentation (June 2018)
46 slides from Pjx Resources's investor presentation, June 2018
Slide 1: Gold and Base Metal (Zinc, Lead, Copper) Potential
Gold and Base Metal (Zinc, Lead, Copper) Potential June 2018 (TSX-V: PJX)
Slide 2: Disclaimer
Disclaimer Some of the information in this presentation has been extracted from the prospectus and NI 43-101 Technical Report filed on SEDAR (www.sedar.com). Investors should base their investment decision on information contained in the prospectus and NI 43-101 Technical Report only. This presentat
Slide 3: PJX Resources - Business Strategy
PJX Resources - Business Strategy Focus on Exploration/Discovery Stage - Greatest Value for Investors PJX – Approximate Current Location in Life Cycle Source – Retrieved from http://www.geologyforinvestors.com/ June 25, 2018.. 3
Slide 4: How to Minimize Risk & Maximize Opportunity
How to Minimize Risk & Maximize Opportunity • Experienced Management Team – Over 120 years of Experience. • Focus on Existing Mining Camp – Proven track record for discovery and existing infrastructure reduces exploration and mining costs. • Consolidate Quality Assets – Large Mineral Tenure Holdings
Slide 5: PJX Resources' Gold & Base Metal Properties
PJX RESOURCES’ GOLD & BASE METAL PROPERTIES Cranbrook Area of British Columbia • Opportunity to discover new deposits is often greater in existing mining camps. • PJX owns mineral title to 7 Properties (over 50,000 hectares) in historical Sullivan Mining Camp. • 8 million tonnes of zinc, 9 million t
Slide 6: Base Metal and Gold Deposits in Mining Camps
Base Metal Deposits (red dots) and Gold Deposits (yellow dots) both occur in the Timmins, Noranda and Val d’Or Mining Camps (Deposits occur along or proximal to major structural Fault Zones (black lines) ) 6
Slide 7: Historical Mining Camp in the Cranbrook Area
Historical Mining Camp in the Cranbrook Area (Placer Gold and Sullivan Base Metal Mine) • Placer Gold was first discovered in 1864 in Wildhorse, Perry and Moyie Creeks. • Estimated over 1.8 million ounces of placer gold was mined from Wildhorse Creek alone. • Placer mining goes on today (yellow area
Slide 8: Cranbrook Properties Gold and Base Metal Potential
Cranbrook Properties Gold and Base Metal Potential • PJX owns mineral rights to 7 Properties (over 50,000 hectares). • Dewdney Trail, Zinger, Eddy and Gold Shear Properties cover headwaters of Placer Gold Creeks. • DD, Vine and West Basin Properties have potential to host Sullivan or Broken Hill Typ
Slide 9: DD Property
DD Property • Sullivan type Base Metal (Zinc- Lead-Silver) Target. • 2015 – Teck Resources Limited stakes land adjacent to PJX’s properties along the Moyie Fault Structure. • 2016 – Teck Options DD Property from PJX Resources. • 2018 – MT geophysics identifies Sullivan type target. 9
Slide 10: Adjacent to DD Property
adjacent to DD Property point to potential on DD Property 10
Slide 11: DD Property
DD Property Gerry Vent MT Target Area Outline MT Line PA1E B’ B Cross Section Line B-B’ 11
Slide 12: Modelling of the MT Resistivity Geophysics
Possible Moyie geological marker horizon • Modelling of the MT Resistivity Geophysics appears to reflect geology. • Shallow flat MT response (shallow yellow color zone) appears to correlate with the approximate depth of the Moyie geological marker horizon. • MT anomaly (red to yellow zone) identifie
Slide 13: DD Property Interpreted Geological Cross Section B-B'
DD Property Interpreted Geological Cross Section B-B’ through the MT Target Area Elevation (metres) • Interpreted depth of the MT Target Area appears coincident with interpreted depth of the Sullivan Horizon. • Sullivan Horizon has been projected into the MT Target Area by extrapolating geology in h
Slide 14: Rail Lines Western Canada and Northwest USA
Rail Lines Western Canada and Northwest USA • DD Property is approximately 120 km east of Teck’s Metallurgical Complex in Trail, BC. • Some 8 million tonnes of zinc, 9 million tonnes of lead, and over 285 million ounces of silver were produced from processing Sullivan Mine concentrate at the Trail M
Slide 15: DD Property Potential and Next Steps
DD Property Potential and Next Steps • Geological and geophysical data have identified a large Sullivan Type massive sulphide (zinc-lead-silver) target. • The target occurs on two widely spaced lines, 700 metres apart, and is open to the north and south. • The target area is similar in size to the m
Slide 16: Vine Property
Vine Property (Zinc-Lead-Silver-Gold) • Gravity Geophysics identified two large target areas with potential to host massive sulphides (East and West Gravity Targets). • East Target may host a folded massive sulphide similar in style to the Broken Hill type deposit in Australia. • West Target may hos
Slide 17: Vine Property (Zinc-Lead-Silver-Gold in veins)
Vine Property (Zinc-Lead-Silver-Gold in veins first discovered in 1976) Vine Core Facility and Core Racks (February, 2015) Vine Vein 17
Slide 18: Gravity Geophysical Surveys on Vine Property
• Detailed ground Gravity Geophysical Surveys have identified 2 Gravity Target Areas (East and West targets) on the Vine Property. • Gravity identifies changes in rock density. • Massive sulphide mineralization found at the Sullivan Deposit is very dense material that could form a gravity anomaly. •
Slide 19: Massive Sulphide intersected southwest of the East Gravity anomaly
Massive Sulphide intersected over 2 kilometres southwest of the East Gravity anomaly Massive Iron Sulphides (Pyrite and Pyrrhotite in folded metamorphosed zone above the Moyie fault). Intense Albite (white mineral) and Chlorite (dark green mineral) alteration often associated with Sullivan type and
Slide 20: Broad zone with zinc mineralization in the East Gravity Anomaly
Broad zone with zinc mineralization in the East Gravity Anomaly • Anomalous sphalerite (zinc) mineralization locally occurs disseminated, or as veins, or bands within a broad zone approximately 100 metres true width. The zone has been traced in drill holes for about 500 metres and is open to the nor
Slide 21: Enlarged view of mineralized band
Enlarged view of mineralized band in previous slide Galena (grey – silver colour, lead mineral). Sphalerite (reddish brown colour, zinc mineral). Folded nature of the mineralization suggests the potential for a different style of base metal deposit. Possible a Broken Hill type deposit. 21
Slide 22: Gravity Profile along Geological Cross Section UU
Gravity Profile along Geological Cross Section UU Interpretation of the Gravity data suggests that massive sulphide (shown in red) may occur above and folded within the attenuated - deformed zone above the Moyie Fault 22
Slide 23: View looking west from the Vine West Gravity Target
View looking west from the Vine Property’s West Gravity Target toward CPR’s Railyard and Rock Quarry CPR Quarry Highway 3 CPR Railyard 23
Slide 24: Vine Property Target Locations and Infrastructure
Vine Property Target Locations and Infrastructure • Target areas are located 12 km south of Cranbrook, British Columbia. • Property is accessible by road year round. • Highway 3, CPR Rail, and 2 Power Transmission Lines cross the Property. • CPR Rail Yard for loading rock from a CPR quarry is locate
Slide 25: Vine Property Potential and Next Steps
Vine Property Potential and Next Steps • Exploration has identified 2 large target areas (West and East Gravity Targets) that could each host a massive sulphide (zinc-lead-silver) discovery similar in style to the relatively flat lying Sullivan Deposit or folded and more vertical oriented Broken Hil
Slide 26: Gold Shear Property (David Gold Occurrence)
Gold Shear Property (David Gold Occurrence) • PJX optioned Gold Shear Property in January 2018. • Historical inferred resource for the David occurrence is estimated to be 96,000 tonnes grading 13.08 grams per tonne gold (uncut) or 7.11 grams per tonne gold (cut). • Resource estimate is from a report
Slide 27: Gold Shear Property Potential and Next Steps
Gold Shear Property Potential and Next Steps • PJX Resources’ Eddy Property is adjacent to the Gold Shear Property and is on strike with the David occurrence. • David gold mineralized zone is reported to average 2.35 metres thick over a strike length of 150 metres and only drilled to a depth of 100
Slide 28: Zinger Property Gold Potential
Zinger Property Gold Potential • Large Zinger Property covers the head-waters of Perry Creek where placer gold was first extracted in the late 1800’s. • Gold has been found in quartz veins for over 6 kilometres on the property. • Folding, deep seated structures associated with the regional Kanasewic
Slide 29: Zinger Property Geology with Gold in Rock
Zinger Property Geology with “Gold in Rock” (grab samples) • Over 6 kilometre long gold in rock trend in sediments. • Gold appears to occur ZG12-02 (0.5 g/t gold over 22.5 m) with regional folding that strikes northeast and dips sub-vertical. • Northwest extensional faults act as pathways for hydrot
Slide 30: Zinger Property
Zinger Property • Two strong gold in soil anomalies (West and East Grids). • West anomaly appears on ZG12-02 (0.5 g/t gold over 22.5 m) same structural trend as Drill Hole ZG12-02 that intersected 0.5 g/t gold over 22.5 metres near surface. • East anomaly has 3 gold in soil values greater than West
Slide 31: Gold grains extracted from soil sample
Enlarged view of approximately 40 of the 898 grains of gold extracted from a soil sample on Zinger Property’s East Soil Grid. 31
Slide 32: Zinger Property East Soil Grid Gold Anomaly
Zinger Property East Soil Grid Gold Anomaly • Highest gold in soil value is 4941 ppb (4.941 g/t) with 3 soil samples over 1000 ppb (1.0 g/t) gold. • Heavy mineral processing of 2 soils taken 7 metres apart recovered 898 and 256 grains of gold, respectively. • Rock chip sample along hand made trench
Slide 33: Stacked Profile of Gold in Soil above VLF Geophysics
• Stacked Profile of Gold in Soil geochem above Very Low Frequency (VLF) geophysics on Zinger Property for Grid Line 4550 of the East Soil Grid. • Slope dip or slope parallel anomalous VLF feature may represent a structure controlling gold mineralization. • The VLF feature is visible in the VLF sign
Slide 34: Zinger Property East Soil Grid
Line Zinger Property 4450 East Soil Grid (Grid lines 4300 to 4450) • These are stacked profiles of 4 of the 8 grid lines Line 4400 for the East Soil Grid. • All 8 grid lines show the same correlation between the shallow east dipping VLF geophysical anomalies and the high concentrations of gold in so
Slide 35: Zinger Property West Soil Grid Gold Anomaly
Zinger Property West Soil Grid Gold Anomaly • Gold in soils range up to 743 ppb (0.743 g/t). • Soils with highly anomalous gold greater than 100 ppb (yellow zone) cover an area upto 100 metres wide and 300 metres long. • Anomaly occurs in an area where northeast striking folds are intersected by nor
Slide 36: Zinger Property West Soil Grid
Zinger Property Line 4850 West Soil Grid (Grid lines 4700 to 4850) • These are stacked profiles of 4 of the 7 grid lines for the West Soil. • All 7 grid lines show the same Line 4800 correlation between the shallow east dipping VLF geophysical anomalies and the high concentrations of gold in soil. •
Slide 37: Gold in Rock plotted on VTEM Early Time Conductivity Map
Gold in Rock plotted on VTEM Early Time Conductivity Map • Map displays near surface Conductive and Resistive Zones. • Gold in rock grab samples correlate with near surface Resistive Zones (blue areas) along a 6 km trend. • Resistive Zones may reflect alteration (quartz, sericite, carbonate) that is
Slide 38: Gold in Rock plotted on VTEM Late Time Conductivity Map
Gold in Rock plotted on VTEM Late Time Conductivity Map • Map displays Conductivity and Resistivity at depth (300 – 600 metres). • Gold in rock grab samples correlate with a large resistive zone (blue area) at depth. • Resistive zone is over 4 km long and 2 km wide. • Resistive zone may reflect a la
Slide 39: Zinger Property Potential and Next Steps
Zinger Property Potential and Next Steps • Zinger Property covers 20 kilometres of geology favourable to host gold and copper deposits. • Potential exists for world class Orogenic and/or Pluton related - Thermal Aureole Gold (TAG), or Sediment Hosted Vein (SHV) gold deposits, such as Sukhoi Log ( >2
Slide 40: Summary
Summary • PJX owns 100% mineral rights to large land package in historical mining camp. • Over $20 million in historical data has been compiled. • Data Gaps addressed by new exploration technologies and techniques. • Numerous large gold, silver, zinc-lead, and copper targets have been identified. •
Slide 41: Next Steps
Next Steps • Teck plans to drill PJX’s DD Property to test Sullivan type zinc-lead-silver target. • PJX plans to drill Vine Property to test folded Sullivan type or Broken Hill type zinc-lead-silver target. • PJX plans to drill the David Occurrence, an existing high grade gold zone that appears open
Slide 42: PJX Capital Structure
PJX Capital Structure Listed on TSX Venture Exchange (PJX.V) Share Structure Current as of June 2018 Shares Issued: 91,284,672 Warrants: 41,707,801 Options: 6,023,500 42
Slide 43: Directors' and Officers' Biographies
Directors’ and Officers’ Biographies Experienced Management Team and Board of Directors Over 120 years of Mineral Industry Experience • John Keating, PGeo – Chief Executive Officer, President and Director Mr. Keating has over 35 years of experience in the mining and exploration industry. He conducte
Slide 44: Directors' and Officers' Biographies
Directors’ and Officers’ Biographies •Kent Pearson, PGeo – Director Kent Pearson is a professional geologist with more than 25 years of experience in the mining industry and in the capital markets sector. His mining experience spans from grassroots exploration through to mine production. In the capi
Slide 45: Consultants' Biographies
Consultants’ Biographies Dr. Trygve Hoy, P.Eng Dr. Hoy is a Professional Engineer with 40 years of mineral industry experience working as a research economic geologist with the British Columbia Department of Mines prior to consulting on mineral properties for the private sector. His experience and e
Slide 46: For Additional Information Contact
For Additional Information Contact: PJX Resources Inc. 5600 – 100 King Street West Toronto Ontario M5X 1C9 416-799-9205 [email protected] Attention: Linda Brennan or visit our web site at: www.pjxresources.com 46