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PJX Resource’s Identifies Sheeted Veins with Gold up to 28 g/t in Fort Knox Type Target in Sullivan Mining District

TORONTO, ON / ACCESSWIRE / August 18, 2021 / PJX Resources Inc. (TSXV:PJX) ("PJX" or the "Company") is pleased to announce that grab samples of quartz…

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TORONTO, ON / ACCESSWIRE / August 18, 2021 / PJX Resources Inc. (TSXV:PJX) ("PJX" or the "Company") is pleased to announce that grab samples of quartz veins in a granitic intrusion returned gold values ranging from anomalous to 28,841 ppb (28.84 g/t) gold on PJX's Zinger Property Gar Target located in the Vulcan Gold Belt of the Sullivan Mining District near Cranbrook, southeastern British Columbia, Canada.

"The style of gold mineralization and the intrusion hosting the gold appear similar in type to the Fort Knox gold deposit in Alaska" states Mr. John Keating, President and CEO of PJX Resources. "Fort Knox and the Gar intrusive target both have visible gold that occurs mainly as sheeted veins within Cretaceous granite that intrudes Proterozoic sedimentary rocks. The sulphide content of veins is low in both the Fort Knox and the Gar intrusive, and gold mineralization is associated with elevated bismuth, molybdenum and tungsten. Associated hydrothermal alteration is not significant in either camp."

Fort Knox has produced 7.5 million ounces of gold since 1969. Host granite has a surface exposure of approximately 1100 by 600 meters, comparable to the PJX Gar intrusive target area of approximately 1200 by 500 meters.

A 1,600 m long gold soil anomaly occurs over the Gar Intrusive. The intrusive is largely covered by overburden and has not been explored with geophysics or been drill tested. Airborne EM and magnetic surveys along with follow-up mapping and prospecting are ongoing this summer to help define targets to drill.

In Summary

  • Sheeted quartz veins with gold (Photo A below) occur within and along the margins of a felsic (granitic) intrusive, the Gar intrusive of Cretaceous age (Figure 1 below).
  • PJX grab samples of veins returned gold values ranging from anomalous to 28.84 g/t gold.
  • Gold occurs as visible gold or with minor sulphide (Photos B & C below).
  • Possible multiple generations of veins with gold.
  • Compilation of pre-PJX soil survey data has identified a 1,600 m long gold in soil anomaly, that corresponds with showings of gold found in sheeted veins. (Figure 2 below)
  • Bismuth and molybdenum soil anomalies also occur in the Gar intrusive and proximal sediments.
  • Gold with magnetite occurs locally in sedimentary rocks proximal to the Gar Intrusive.
  • The Gar intrusive is largely covered by overburden, has not been explored with geophysics, and has never been drilled.

Figure 1

Figure 2

Photo A - Sheeted vein in Gar Granitic Intrusive, 1365 ppb (1.36 g/t) gold

Photo B -Visible Gold in quartz vein in Gar Intrusive (magnified photo)

Photo C-Visible Gold in Pyrite in quartz vein in Gar Intrusive (magnified photo)

The Gar Intrusive-related Gold Target occurs in the Vulcan Gold (VG) Belt of the Sullivan Mining District. The VG Belt is located at the intersection of two crustal scale structures in Western North America. These deep-penetrating structures are associated with gold mineralization and a variety of base metal deposits along their trends. PJX Management believe that this intersection is the focal point of a large mineralizing system. This system localized the deposition of the world class Sullivan zinc-lead-silver deposit and over 60 km of creeks with placer gold. The Gar target is one of a number of large intrusive related targets with gold and/or copper mineralization potential that we are continuing to explore and will release information on in the coming months.

Qualified Persons

The foregoing geological disclosure has been reviewed and approved by John Keating P.Geo. (qualified persons for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Keating is the President, Chief Executive Officer and a Director of PJX.

About PJX Resources Inc.

PJX is a mineral exploration company focused on building shareholder value and community opportunity through the exploration and development of mineral resources with a focus on gold, silver and base metals (zinc, lead, copper). PJX's primary properties are located in the historical Sullivan Mine District and Vulcan Gold Belt near Cranbrook and Kimberley, British Columbia.

Please refer to our web site http://www.pjxresources.com for additional information.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Linda Brennan, Chief Financial Officer 
(416) 799-9205
info@pjxresources.com

Forward-Looking Information

This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. Forward-looking statements include, but are not limited to, statements with respect to exploration results, the success of exploration activities, mine development prospects, completion of economic assessments, and future gold production. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements.

Although PJX has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: PJX Resources Inc.



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Today’s News

Addition to Bathurst Advisory Board

Vancouver, British Columbia – TheNewswire – September 16, 2021 – Bathurst Metal Corp. (TSXV:BMV) (“Bathurst” or the “Company”) On behalf of the…

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Vancouver, British Columbia - TheNewswire - September 16, 2021 - Bathurst Metal Corp. (TSXV:BMV) (“Bathurst” or the “Company”) On behalf of the Board of Directors, Mr. Lorne Warner P.Geo., President of Bathurst Metals Corp. is pleased to announce Dr. Guowei Zhang Ph.D., P.Geo. has agreed to join the company’s Advisory Board. Mr. Warner stated “We’re pleased to welcome Dr. Zhang to the Company’s Advisory Board. His experience and expertise, in particular his extensive knowledge of structural geology, is a welcome addition to the Bathurst team. We were grateful to have him as part of our team on the Company’s just completed Nunavut properties mapping and sampling program.”

 

Dr. Guowei Zhang PhD. P Geo

 

Dr. Zhang has over 30 years’ experience as a consulting geologist, well recognized for his specialized work in Structural Geology. He received his Ph.D. From McGill University in 1994 and since then has worked extensively throughout Canada, the United States, Asia and Africa. Dr. Zhang is a Fellow of the Geological Association of Canada.

 

Lorne Warner, President

Bathurst Metals Corp.

On behalf of the Board of Directors

For more information contact Lorne Warner, President info@bathurstmetals.com

Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

 

Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information.

 

BATHURST METALS CORP.

665 DOUGALL ROAD, GIBSONS BC WWW.BATHURSTMETALS.COM

 

Copyright (c) 2021 TheNewswire - All rights reserved.

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Today’s News

Blue Lagoon’s Toll Mill Partner Sends Out Second Shipment of Gold & Silver Concentrate

VANCOUVER, BC / ACCESSWIRE / September 16, 2021 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG; FSE:7BL; OTCQB:BLAGF) is pleased to report that…

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VANCOUVER, BC / ACCESSWIRE / September 16, 2021 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG; FSE:7BL; OTCQB:BLAGF) is pleased to report that the Company's toll milling partner, Nicola Mining ("Nicola"), has now sent a second shipment of concentrate made from the mineralized material from the Dome Mountain underground mine. The shipment, sent to Ocean Partners UK Limited, a leading European based commodities trading company with offices in six countries around the world, contained 96.7 dry tonnes of gold and silver concentrate grading 93 g/t Au and 468 g/t Ag. All concentrate assays were completed at Base Met Labs, an accredited metallurgical testing facility located in Kamloops, BC.

"Combined with the first 40 tonnes of concentrate that were shipped (see news release September 1, 2021), Nicola has now sent a total of 136.8 dry metric tonnes of concentrate having a total value of approximately CDN $823,000," said Rana Vig, President and CEO of Blue Lagoon Resources. "With an already healthy treasury of nearly $9 million, plus more than $4 million in-the-money warrants and no debt, the additional cash that we will receive from the sale of this concentrate will continue to ensure that we have a significant runway to execute on our aggressive exploration plans on a project that's been relatively unexplored and under the radar," he added.

Bags full of gold and silver concentrate made from Dome Mountain mineralized material are readied and await shipping at Nicola's milling facility in Merritt, B.C.

Trucking of the Dome Mountain mineralized material, which began on June 14, 2021, continues with 10 to 15 trucks leaving the mine site on a weekly basis. To date more than 110 - forty ton trucks - have been dispatched to Nicola, delivering over 4000 tonnes of the Dome Mountain high-grade mineralized material. Weekly shipments are expected to continue until all 6,000 plus tonnes of material have been removed from the underground mine and processed at the Nicola Mining mill (see news release July 7, 2021).

The scientific and technical data contained in this news release was approved by William Cronk, P.Geo., a qualified person as defined in NI 43-101 and a consultant to the Company.

For furtherinformation, please contact:
Rana Vig
President and Chief Executive Officer 
Telephone: 604-218-4766
Email: rana@ranavig.com

The CSE has not reviewed and does not accept responsibility for the adequacyor accuracy of this release.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities that may not show quality and quantity necessary for upgrading mineralization classification or for further exploration and exploitation of minerals deposits, market prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

SOURCE: Blue Lagoon Resources Inc.



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Today’s News

Golden Dawn Receives Drill Permit for Lexington Property, Airborne Survey To Confirm Additional Targets – Historic Mining Camp – Greenwood BC

VANCOUVER, BC / ACCESSWIRE / September 16, 2021 / Golden Dawn Minerals Inc., (TSXV:GOM)(FRANKFURT:3G8C)(OTC PINK:GDMRD), ("Golden Dawn" or the "Company"),…

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VANCOUVER, BC / ACCESSWIRE / September 16, 2021 / Golden Dawn Minerals Inc., (TSXV:GOM)(FRANKFURT:3G8C)(OTC PINK:GDMRD), ("Golden Dawn" or the "Company"), announces that it has received final approval for its drilling plan on the Lexington Property at the Greenwood Precious Metals project in southeastern BC. The drilling is anticipated to be executed in late October.

"In addition to the existing mining permit for the defined resource at Lexington, this is a next step in expanding the resource and addressing the potential of the mineralised parallel structure."

States Chris Anderson CEO

Photo showing scooptram at Lexington mine during de-watering phase.

The Lexington Multi-Year Area Based permit is for a total of 25 drill sites, with 14 sites approved for this year. Multiple holes can be drilled from each of the sites, so the permit allows for approximately 11,200 meters to be drilled this year out of a total of up to 20,000 metres.

Initial drilling is planned close to the Lexington Mine permit area where there is potential to extend the mineralized zones that define the known resource. Immediately northwest of the mine there is potential for a northwest extension of outlying resource blocks defined by intercepts in drill holes B93-6 and TG-81 (see table below). Drilling is also planned southeast of the mine where historic drill intercepts that indicate presence of significant widths of copper-gold mineralization along a kilometer-long trend that stretches south from the Lexington mine (as shown for R70-18 and TS-64 in the table below).

HoleFrom (m)To (m)Length (m)Gold g/tCopper % 
B93-6

10.67

173.7

163.03

0.86

0.16

 

including

159.9

163.8

3.9

31.22

2.45

 
TG-81

60.0

83.8

18.71

4.45

0.48

 

including

79.0

83.8

4.8

16.90

1.48

 
R70-18

33.5

61.0

27.5

2.07

0.76

 

including

45.7

54.9

9.2

5.31

1.65

 
TS-64

78.0

81.1

3.1

1.99

2.49

 

Table showing historic drill intercepts in Lexington target areas.

The historic large intervals of low-grade gold-copper mineralization indicates potential for bulk gold mining at current metal prices. In the coming months, Golden Dawn intends to investigate options for bulk extraction. Property-wide exploration targeting will also benefit from the results of the 2021 airborne VTEM survey which are expected to be finalized soon.

Photo showing typical pyrite > chalcopyrite mineralization at the Lexington deposit.

Map of the Greenwood Precious Metal Project showing the main properties.

Readers are cautioned that historical records referred to in this News Release have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to in this News Release are accurate.

Technical disclosure in this news release has been approved by Dr. Mathew Ball, P.Geo., President of the Company and a Qualified Person as defined by National Instrument 43-101,

For more details, please see the most recent National Instrument 43-101 Technical Report on the Company's website at www.goldendawnminerals.com.

On behalf of the Board of Directors:
GOLDEN DAWN MINERALS INC.

Per: "Christopher R. Anderson"

Christopher R. Anderson CEO

For further information, please contact:

Golden Dawn Minerals Inc. - Corporate Communications: Tel: 604-221-8936
Email: Office@goldendawnminerals.com

Forward-Looking Statement Cautions: This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to, among other things, preliminary plans for a consolidation of the Company's Shares. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange will not approve the proposed share consolidation, and that the Company may not be able to raise sufficient additional capital to continue its business. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The Company's securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

SOURCE: Golden Dawn Minerals Inc.



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