January 2012 PJX RESOURCES CRANBROOK AREA GOLD PROPERTIES Location - - PowerPoint PPT Presentation
January 2012 PJX RESOURCES CRANBROOK AREA GOLD PROPERTIES Location Map Cranbrook Area, British Columbia Historical mining district Placer gold in creeks source never found in bedrock Option to acquire up to an 80% interest in
Location Map Cranbrook Area, British Columbia
Prospective investors should read the prospectus and 43-101 Technical Report filed on SEDAR (www.sedar.com) and base their investment decision on information
Historical Placer Mining, Wildhorse Creek
bearing quartzite sedimentary units
geological horizons identified as targets for sediment hosted gold deposit potential (horizons are 75 to 200 m thick and >5 and >7km in strike length)
samples as high as 15 g/t, including significant visible gold, has been documented from surface exposures
low grade sediment hosted vein type deposit. (e.g. Muruntou, Uzbekistan: 80M oz., Sukhoy Log,Russia: 20M oz.) to smaller Meguma terrane deposits in Nova Scotia
WORLDWIDE DISTRIBUTION OF SEDIMENT HOSTED VEIN DEPOSITS (SHV)
1 – Muruntau – 80M oz, 5 – Sukhoi Log – 20M oz, 6 – Nezhdaninskoe – 16M oz, 10 - Victorian Goldfields/Bendigo - +20M
(Source: Mineral Resources Services Inc.)
Sediment Hosted Vein (SHV) Deposits Examples of Host Rocks with Gold (Mineral Resources Services Inc.) Examples of Dewdney Trail Property Gold Bearing Rocks Showing Similarities to SHV Deposits
Spirit, Tac and Lewis showings fit Sediment Hosted Vein Deposit (SHV) criteria – especially the Spirit Showing Worldwide SHV Deposits Dewdney Trail Property
Host sandstone is mid Proterozoic age
Host Sandstone was deposited along continental margin
Alteration assemblage includes sericite, quartz, pyrite, Fe- carbonate
Pyrite was introduced to the system and occurs as euhedral cubes
Gold is the only systematically enriched metal
Spatially associated with placer gold rivers
Several showings of the same type in close proximity
Granitic rocks are spatially associated
Age of mineralization is likely Mesozoic and associated with several pulses of Mesozoic and Tertiary folding and thrusting
Dewdney Trail Gold Property Airborne Analytical Signal Magnetic Map (left map) and Airborne Conductivity Map (right map) with more than 20 large Gold Target Areas in Gold Bearing Sedimentary Rock Unit
grading 2.2 g/t gold, 36.3 g/t silver, 3.12% lead, 3.12% zinc and 0.11% copper (Kokanee Exploration Ltd. Prospectus (1990))
Exploration Target Areas for gold deposits – Eddy Property Open Space Shear Zone
Baldy Shear Zone
(over 10 km strike length on property)
Inset Diagram below shows how movement along shear zone forms a bend with open space (dilation zone) for the formation of gold deposits Exploration Target Areas for gold deposits – Eddy Property Inset Diagram below shows how movement along shear zone forms a bend with open space (dilation zone) for the formation of gold deposits
Baldy Shear Zone
(over 10 km strike length on property)
Shear Zone Open Space Inset Diagram below shows how movement along shear zone forms a bend with open space (dilation zone) for the formation of gold deposits
Baldy Shear Zone
(over 10 km strike length on property)
Inset Diagram below shows how movement along shear zone forms a bend with open space (dilation zone) for the formation of gold deposits
Baldy Shear Zone
(over 10 km strike length on property)
Inset Diagram below shows how movement along shear zone forms a bend with open space (dilation zone) for the formation of gold deposits
Baldy Shear Zone
(over 10 km strike length on property)
Inset Diagram below shows how movement along shear zone forms a bend with open space (dilation zone) for the formation of gold deposits Exploration Target Areas for gold deposits – Eddy Property Shear Zone
Baldy Shear Zone
(over 10 km strike length on property)
Inset Diagram below shows how movement along shear zone forms a bend with open space (dilation zone) for the formation of gold deposits Open Space
Baldy Shear Zone
(over 10 km strike length on property)
Inset Diagram below shows how movement along shear zone forms a bend with open space (dilation zone) for the formation of gold deposits
Gold in surface samples extend for over 4 km on the property.
area at least 9 km long and 2 km wide
gold
upstream from historical Perry Creek placer gold deposits
could be the potential source of the placer gold
flown to cover target area
identify targets for trenching and drilling
Samples taken perpendicular to bedding and at oblique angle to bedding
Bedding direction Oblique angle to bedding Perpendicular to bedding
Samples taken at oblique angle to bedding have higher grades in gold. This highlights a preferred structurally controlled
Common shares issued and outstanding (2,230,152 shares held in escrow) 22,335,701 Potential issuance of common shares - broker warrants 1,210,000 Stock options issued to directors, employees, officers and consultants 2,233,500 Fully Diluted 25,779,201
Principal Purpose Estimated Amount to be Expended Dewdney Trail Project Phase I Geophysics $42,500 Geochem 135,000 Geology/Prospecting 68,000 Trenching/Sampling 75,000 Total Phase I Exploration Program $320,500 Phase II Trenching/Sampling $340,000 Drilling 580,000 Total Phase II Exploration Program $920,000
90% of Phase I has been completed and 30% of Phase II.
Summary and Moving Forward
PJX has optioned 4 road accessible gold properties in southeastern British Columbia, Canada. Three properties (Dewdney-Trail, Zinger, Eddy) have large untested targets with gold deposit potential, and one property (Vine) has an historical resource (non NI 43-101 compliant) that is reported to be open at depth and along strike. PJX raised $2,500,000 by way of an Initial Public Offering and commenced trading on the TSX-V with the symbol PJX on September 14, 2011. Given the gold potential of the Dewdney Trail Property the land package has been expanded to from 13,000 to
potential, such as Sukhoi Log (20M oz Au) in Russia and smaller deposits in the Meguma terrane in Nova Scotia. The Dewdney Trail Property covers numerous hard rock gold discoveries upstream from historical placer gold
approximately 60% of the targets were followed-up by initial prospecting and mapping with trenching initiated on 3 target areas. Drilling was undertaken to test part of one of the targets. Results of this work will be compiled to identify targets for further trenching and drilling in the 2012 season. Airborne surveys have also been flown over numerous untested gold targets discovered by prospecting on the Eddy and Zinger properties. Survey results will be evaluated to prioritize targets for follow-up and to determine if the remaining parts of the properties should be flown. Historical data on the Vine Property deposit will also be evaluated to identify the potential for additional gold-zinc-lead-silver mineralization at depth and along strike.
exploration with Noranda and was a global commodity analyst for gold, silver, and base metals with the Federal Government of
early stage companies in the junior resource sector. She brings knowledge of finance, accounting and public markets to PJX. She has also served in the capacity of corporate secretary for several TSXV listed companies. Ms. Brennan holds Business Administration and Bachelor of Commerce degrees from the University of Victoria and Royal Roads University, respectively.
the areas of corporate and securities law, with an emphasis on corporate finance and mergers and acquisitions. Mr. Clare’s practice is focused on the mining and oil and gas sectors. His transactional experience includes domestic and cross-border public and private corporate finance transactions, representing issuers and agents as well as merger and acquisitions transactions. He also advises public issuers on general corporate and securities law matters including stock exchange listings, continuous disclosure obligations and other regulatory compliance issues. Mr. Clare holds Bachelor of Laws and Bachelor of Arts degrees from the University of Western Ontario and Acadia University, respectively.
both exploration and production. His capital markets experience includes equity and debt research and investment banking as a vice
acquisitions, strategic advisory, asset review and asset disposition. Mr. Pearson holds a BSc(Geology) from the University of Alberta. In addition, he has earned a MBA from Queen’s University, Kingston, Ontario.
management role at Jaguar Nickel Inc. Mr. Parker has developed an extensive network of investor contacts and mining analysts, on a worldwide basis, including relationships with major banks and securities houses. Mr. Parker holds a Bachelor of Science, University
companies in financial positions, including Controller and Treasurer of Falconbridge Dominicana and Falconbridge Gold Corporation, a gold mining company with operating mines in Africa and Canada. Over the past 13 years, Mr. Del Campo has been a director and vice president of finance and chief executive officer at a number of junior exploration companies listed on the TSX and TSXV and is the former CFO of First Nickel Inc.
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 presentation may contain certain forward looking information relating to expected future events and financial and operating results of the Company that involve risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Due to the potential impact of various factors, including the volatility of metal prices, new information regarding recoverable reserves or resources, market competition, changes in environmental and other regulations, political changes, and other factors, the Company disclaims any intention or obligation to update or revise any forward-looking information, where as a result of new information, future events or otherwise, unless required by applicable law. THIS IS NOT AN OFFER OR SOLICITATION FOR THE PLACEMENT OF SECURITIES.
For Additional Information Contact: PJX Resources Inc. 5600 – 100 King Street West Toronto Ontario M5X 1C9 416-799-9205 info@pjxresources.com Attention: Linda Brennan
www.pjxresources.com