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Drilling Identifies Potential Structural Controls of High-Grade Gold Mineralization on PJX Resource's Gold Shear Property
TORONTO, ON / ACCESSWIRE / May 3, 2021 / PJX Resources Inc. ("PJX") (TSX.V:PJX.V) is pleased...
About this update from Pjx Resources Inc.
[{"type":"text","content":"Drilling Identifies Potential Structural Controls of High-Grade Gold Mineralization on PJX Resource's Gold Shear PropertyTORONTO, ON / ACCESSWIRE / May 3, 2021 / PJX Resources Inc. (\"PJX\") (TSX.V:PJX.V) is pleased to announce that recent drilling and surface mapping suggest high grade gold mineralization may occur where the gold bearing, west dipping David shear and vein system intersects North-South oriented pre-existing fold structures on the Gold Shear Property. This new understanding will be used to drill test the projected extension of the David Gold Zone down plunge and possible parallel gold zones to the west down dip on the David Shear.\"The David Gold Zone appears to be a typical shear and fold related orogenic gold system similar to others around the world, such as Wallbridge's Fenelon discovery or Fosterville\" states Mr. John Keating, President and CEO of PJX Resources. \"The key to building ounces is to first understand what geologists call structural kinematics, which is how fold and shear structures may influence and concentrate gold mineralization. What we've intersected in this latest drilling is a larger vertical fold structure than similar related structures at the David Gold Zone. Where the gold bearing David shear and vein system would intersect this vertical fold, and possibly concentrate gold, would be at depth below current drilling, possibly 50 metres or more. We believe there may be a second phase of folding that could also influence the location of high grade gold mineralization. Our next step is to design a trenching and drilling program to further define the kinematics that control gold mineralization, and extend the David Gold Zone to depth and discover potential additional parallel gold zones on strike this summer.\"HighlightsThe David Gold Zone on PJX's Gold Shear Property has a narrow central core of high grade gold mineralization with values such as 54.76 g/t over 1.0 m true width.This high-grade core occurs within a 4 to 5 metre (\"m\") wide zone with anomalous gold mineralization called the David shear-vein system.Modelling of historical pre-PJX drill holes, and PJX's 16 holes (totalling approximately 2,500m to date), suggests that high-grade gold mineralization may occur where the west dipping, gold bearing David shear-vein system intersects north-south fold (F1) related structures.Anomalou...