PJX Resources Inc. announced that recent drilling results extend the David Gold Zone to the north and help support potential for additional high grade gold mineralization on strike on the Gold Shear Property and PJX's adjacent Eddy property in the Sullivan Mining District, Cranbrook, BC. Exploration suggests that changes in drill hole orientation along the David Shear may improve gold grades and help identify new gold zones. Drilling also identified gold mineralization in gabbroic rocks that may be a new target in addition to the David Gold Zone.

David Gold Zone: High grade gold mineralization appears to occur when base metals (lead, zinc, copper) or visible gold are present with quartz-carbonate mineralization along the David Shear: Recently received results for PJX drill hole GS21-25 included 76.36 g/t gold, 14.8 ppm (14.8 g/t) silver, 8870 ppm lead, 3975 ppm zinc, and 632 ppm copper over 0.3m (approximate true width) from 79.2m to 79.5m. This occurred within a 2.3 m interval with a weighted average of 11.66 g/t gold from 78.9 to 81.2 m; GS21-25 was drilled about 50 m on strike to the north of the David Gold Zone; GS21-25 had the best intersection in the 14 holes drilled to test the David Gold Zone on strike and at depth. The intersection occurs where computer modelling of structural measurements, from previous PJX drilling and surface mapping, predicted an inflection (a bend) in the David Shear that hosts the David Gold Zone.

Inflections are known to increase gold grade in gold deposits; Historical drilling also intersected high grade gold mineralization with base metals. Hole 91-43 drilled by previous explorers in 1991 intersected 196.69 g/t (5.74 oz/t) gold, 17.9 ppm (17.9 g/t) silver, 24686 ppm (2.47%) lead, 17368 ppm (1.74%) zinc, 2511 ppm copper, over 0.8 metres; High grade gold mineralization also occurs as nuggety visible gold in quartz veins. PJX grab sample in 2019 of a quartz vein from the David Shear Zone trench had 5 visible grains of gold with no base metals and analyzed 193.9 g/t gold.

Drill Hole Orientation May Improve Gold Grades and Identify New Gold Zones: Mapping the David Gold Zone at surface has identified the presence of tension gash veins containing base metals (lead, zinc, copper): Tension gash vein orientation is perpendicular to the David Shear orientation; Historical drilling and most of PJX's drilling have been oriented perpendicular to the David Shear; Therefore, most drilling to date is oriented approximately parallel to the tension gash veins and could have missed some high grade gold mineralization; Additional gold mineralization may thus be identified if future drill holes are oriented to test tension gash veins in areas along the David Shear and David Gold Zone; Computer modelling of anomalous gold mineralization (greater than 100 ppb gold) suggests there is significant potential within the David Gold Zone and on strike with possible additional zones at depth that could be tested. Gold Mineralization in Gabbro: Hole GS21-28 intersected 1.34 g/t gold over 5.2 m in a gabbro sill from 5.8 to 11 m: This is the first intersection of gold with this grade in gabbro on the Gold Shear Property; The gold mineralization occurs where gabbro with disseminated magnetite is sheared and has been pervasively altered with carbonate, hematite, chlorite, disseminated pyrite and quartz veins; The true width and orientation of this new gold intersection is not known as only one hole has intersected the mineralization; additional drilling is required to evaluate the potential for gold veining in the gabbro sill.