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 Gold Properties that are the possible source of placer gold • Properties accessible by road
PJX RESOURCES’ CRANBROOK AREA GOLD PROPERTIES MAP
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
GEOLOGICAL HORIZONS ASSOCIATED WITH GOLD MINERALIZATION Gold bearing quartzite • sedimentary units • Two 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) • Anomalous gold values in grab samples as high as 15 g/t, including significant visible gold, has been documented from surface exposures • Primary target is large tonnage 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
Dewdney Trail Gold Property Gold Bearing Quartzite Sediment • Fracturing/ brecciation prepared ground for gold bearing fluids • Closely spaced and episodic vein development • Pervasive sericite-quartz-pyrite-Fe carbonate-Fe oxide alteration Visible Gold associated with hematitic (Fe oxide) alteration •
VISIBLE GOLD (CENTRE OF PHOTOGRAPH) IN HEMATITE FILLED VEIN CUTTING QUARTZITE HOST ROCK
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.)
Examples of Dewdney Trail Property Sediment Hosted Vein (SHV) Deposits Gold Bearing Rocks Showing Examples of Host Rocks with Gold Similarities to SHV Deposits (Mineral Resources Services Inc.)
Spirit, Tac and Lewis showings fit Sediment Hosted Worldwide SHV Dewdney Trail Vein Deposit (SHV) criteria – especially the Spirit Deposits Property Showing 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 of varying sizes 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
OTHER CRANBROOK AREA GOLD PROPERTIES THE VINE, EDDY AND ZINGER PROPERTIES
Cranbrook Properties
Vine Property • Historical trenching and drilling exposed massive and disseminated sulphides • 1990 drilling of the Vine structure (630 metres depth) intersected 3 massive sulphide veins Historical resource estimate (Non NI 43-101 Compliant) for the Vine property is 1,300,000 tonnes • 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))
Vine Deposit
Core Storage at the Vine Property
Eddy Gold Property
Eddy Gold Property Fault Offsets – Potential Dilation Zones Inset Diagram below shows how movement along Inset Diagram below shows how movement along Inset Diagram below shows how movement along Inset Diagram below shows how movement along Inset Diagram below shows how movement along Inset Diagram below shows how movement along Inset Diagram below shows how movement along Inset Diagram below shows how movement along shear zone forms a bend with open space shear zone forms a bend with open space shear zone forms a bend with open space shear zone forms a bend with open space shear zone forms a bend with open space shear zone forms a bend with open space shear zone forms a bend with open space shear zone forms a bend with open space (dilation zone) for the formation of gold deposits (dilation zone) for the formation of gold deposits (dilation zone) for the formation of gold deposits (dilation zone) for the formation of gold deposits (dilation zone) for the formation of gold deposits (dilation zone) for the formation of gold deposits (dilation zone) for the formation of gold deposits (dilation zone) for the formation of gold deposits Open Space Open Space Open Space Shear Zone Shear Zone Shear Zone Baldy Shear Zone Baldy Shear Zone Baldy Shear Zone Baldy Shear Zone Baldy Shear Zone Baldy Shear Zone Baldy Shear Zone (over 10 km strike length on (over 10 km strike length on (over 10 km strike length on (over 10 km strike length on (over 10 km strike length on (over 10 km strike length on (over 10 km strike length on property) property) property) property) property) property) property) Exploration Target Areas Exploration Target Areas Exploration Target Areas for gold deposits – Eddy Property for gold deposits – Eddy Property for gold deposits – Eddy Property
Zinger Gold Property
Zinger Gold Property Gold Soil Surveys and Rock Samples Gold in surface samples extend for over 4 km on the property.
Zinger Gold Property Gold in Rock Samples • Gold mineralization in an area at least 9 km long and 2 km wide • 1380 grab samples in total: - 750 anomolous in gold - highest value 39.6 g/t gold • This large target area is upstream from historical Perry Creek placer gold deposits • The Zinger Gold Property could be the potential source of the placer gold • Airborne survey recently flown to cover target area • Results being compiled to identify targets for trenching and drilling
Zinger Gold Property Channel Sampling Heart Lake Gold Showing
Zinger Gold Property Channel Sampling Pattern for the Heart Zone Oblique angle to bedding Bedding direction Perpendicular to bedding Samples taken perpendicular to bedding and at oblique angle to bedding
Zinger Gold Property Samples taken at oblique angle to bedding have higher grades in gold. This highlights a preferred structurally controlled orientation for gold mineralization. Understanding of preferred orientation will increase the potential to discover gold deposits.
SHARE STRUCTURE Common shares issued and outstanding 22,335,701 ( 2,230,152 shares held in escrow) 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
PHASE 1 AND PHASE 2 WORK PROGRAMS AND BUDGETS 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.
PJX RESOURCES’ GOLD PROPERTIES 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 over 20,000 hectares in size. The property has large tonnage low grade Sediment Hosted Vein (SHV) deposit 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 deposits. More than 20 priority target areas have been identified by an airborne geophysical survey. In 2011, 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.
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