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Drilling Confirms High Grade Gold Mineralization on PJX Resource's Gold Shear Property
TORONTO, ON / ACCESSWIRE / January 20, 2020 / PJX Resources Inc. ("PJX") (TSXV:PJX) is ple...
About this update from Pjx Resources Inc.
[{"type":"text","content":"Drilling Confirms High Grade Gold Mineralization on PJX Resource's Gold Shear PropertyTORONTO, ON / ACCESSWIRE / January 20, 2020 / PJX Resources Inc. (\"PJX\") (TSXV:PJX) is pleased to announce that vein hosted high-grade gold mineralization, with a weighted average of up to 25.07 grams per tonne (g/t) over 2.1 metres (m) true width, was intersected by drilling on the David Gold Zone on the Gold Shear Property near Cranbrook, British Columbia, Canada.\"Gold mineralization appears to be associated with an intrusive source,\" states Mr. John Keating, President and CEO of PJX Resources. \"Intrusive related gold mineralizing systems can have significant lateral and vertical extent. Drilling also indicates that the shear system hosting the gold continues to depth and that the gold mineralization within the shear appears to occur in a zone that plunges to the north. This important information will help guide the next phase of drilling planned for this summer. Geophysics suggests that there may be additional parallel gold zones not yet drilled on strike and at depth. Drilling will also be carried out this winter to test the New Massive Sulphide (zinc, copper, lead, silver) zone discovered last year on PJX's Vine Property.\"Highlights of the 2019 Exploration ProgramSix of the 9 holes drilled to test the David Gold Zone intersected high-grade gold mineralization.Gold occurs within a north trending, west dipping shear zone called the David Shear.Multiple phases of quartz veining occur within and adjacent to the main shear. The main shear is anomalous in gold, in the 100s of ppb and varies in thickness from 1.2 to 4.5 metres true width. (see drill results table https://pjxresources.com/gs_drill_results.jpg)High-grade gold mineralization up-to 54,765 ppb (54.76 g/t) appears to occur as a zone in the main shear and varies in thickness from of 0.5 to 1.0 metre true width.High grade gold mineralization can be traced from surface down the shear for 100 metres. (see cross section https://pjxresources.com/gs_cross_section.jpg)The shear continues to depth but with only anomalous gold. The relative locations of high-grade gold mineralization at surface (up to 193.9 g/t gold) and in the drill holes suggests that the David gold zone plunges to the north within the David shear. The down plunge potential is planned to be tested during the next phase o...