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PJX Resources - Sullivan Mining District - Intrusive Related Gold-Copper and Sullivan Type Zinc-Lead-Silver Target Areas Identified on the Dewdney Trail Property

Autor: Accesswire
16.09.2021, 14:00  |  101   |   |   

TORONTO, ON / ACCESSWIRE / September 16, 2021 / PJX Resources Inc. (TSXV:PJX) ("PJX" or the "Company") is pleased to announce the potential of 2 large areas containing gold, copper, zinc, lead, and/or silver mineralization in soils along a 10 km …

TORONTO, ON / ACCESSWIRE / September 16, 2021 / PJX Resources Inc. (TSXV:PJX) ("PJX" or the "Company") is pleased to announce the potential of 2 large areas containing gold, copper, zinc, lead, and/or silver mineralization in soils along a 10 km trend. The geological environment has potential to host a variety of deposit types, such as the Telfer gold-copper deposit in Australia, Sukoi-Log gold deposit in Russia, Pebble gold-copper deposit in Alaska, and the Sullivan zinc-lead-silver deposit. The Dewdney Trail Property is located in the Vulcan Gold Belt of the Sullivan Mining District near Cranbrook, southeastern British Columbia, Canada.

Highlights

  • Gold locally occurs in sediments with stockwork quartz veining and sericite-carbonate alteration (see photo A below).
  • Gold grades in rock grab samples can range from anomalous to over 30 g/t.
  • Multiple target areas have been identified along a 10 km trend.
  • Two of the most advanced exploration targets are the Tackle Basin area (approximately 2 km x 2 km) and the Lewis Ridge area (approximately 3 km x 2 km).
  • Gold is the dominant element in soils in the Tackle Basin area.
  • The Lewis Ridge area has a multi-element signature of gold, copper, zinc, lead, bismuth, molybdenum, arsenic and silver in soil (see Figures 1 to 8 below).
  • Mineralization occurs in sediments similar in age (Proterozoic) and/or type (turbidites, quartzites) to other deposits such as Telfer, Sukoi-log and Sullivan.
  • Sediments have been intruded by felsic intrusives (alkalic, calc-alkalic) similar in age (Cretaceous to possibly Eocene) to deposits such as Pebble or the Butte district in Montana.
  • Gold and/or copper mineralization can also be associated with felsic intrusives.
  • Both target areas occur within the hinge and/or limb of a large regional anticline fold structure.
  • Next steps include the assessment of airborne magnetotelluric and magnetic surveys along the 10 km trend to help define drill targets.

"The Lewis Ridge and Tackle Basin are two of a number of highly prospective targets that we have identified on our large land package in the Sullivan Mining District" states John Keating, President and CEO of PJX Resources. "We recently announced the Gar granitic intrusive target with grab samples of sheeted veins ranging from anomalous to 28,841 ppb (28.84 g/t) gold on our Zinger Property (see August 17, 2021 press release). We also have the high grade David Gold Zone on the Gold Shear Property. Drilling has commenced to test on strike and down plunge of the David Gold Zone. Results of this 1,100 m drill program will be announced in the coming months along with results of mapping, prospecting, geochem and geophysics on other target areas. We believe the Sullivan Mining District has potential to host multiple gold and base metal deposits. We invite you to watch our 3 minute video explaining why". ( https://youtu.be/iCbzQDi6ANo or www.pjxresources.com )

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PJX Resources - Sullivan Mining District - Intrusive Related Gold-Copper and Sullivan Type Zinc-Lead-Silver Target Areas Identified on the Dewdney Trail Property TORONTO, ON / ACCESSWIRE / September 16, 2021 / PJX Resources Inc. (TSXV:PJX) ("PJX" or the "Company") is pleased to announce the potential of 2 large areas containing gold, copper, zinc, lead, and/or silver mineralization in soils along a 10 km …

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