Business
Extensive Zone with Massive Sulphide Potential Identified on PJX Resources' Vine Property
TORONTO, ON / ACCESSWIRE / November 5, 2019 / PJX Resources Inc. ( TSXV:PJX ) ("PJX" or "the...
About this update from Pjx Resources Inc.
[{"type":"text","content":"Extensive Zone with Massive Sulphide Potential Identified on PJX Resources’ Vine PropertyTORONTO, ON / ACCESSWIRE / November 5, 2019 / PJX Resources Inc. (TSXV:PJX) (\"PJX\" or \"the Company\") is pleased to announce that the 5.5 metre zone with massive sulphide mineralization intersected by recent drilling appears to occur at the same horizon as a 3.4 metre massive sulphide zone grading 5.6% lead, 2.7% zinc and 1.2 ounces/ton silver in an historical hole drilled 700 metres to the south. No other holes have been drilled to test this horizon between these two holes or on strike and down dip to the north and west. The Vine Property is located 35 kilometres south of the world class Sullivan zinc-lead-silver deposit near Cranbrook, British Columbia, Canada.\"Both massive sulphide intersections occur below a rock unit called the Footwall Quartzite,\" states Dave Pighin, (P.Geo), consulting geologist for PJX's Vine Property. \"There are only a handful of holes that have tested this horizon below the Footwall Quartzite on the Vine Property. The massive sulphide horizon at the Sullivan deposit is laterally extensive. The massive sulphide horizon on the Vine Property has the potential to be laterally extensive given the wide spacing of the holes drilled to date and no holes have been drilled to test this horizon on strike or down dip.\"HighlightsRecent PJX drill hole VA19-48 intersected a new massive sulphide (\"NMS\") zone, from 777.1 - 782.6 metres. The zone has 4 layers that consist largely of iron-sulphides with anomalous zinc, copper, lead, and silver. (see August 19, 2019 news release)Historical hole KV90-41, drilled by Kokanee Exploration in 1990, intersected a 3.4 metre thick massive sulphide zone grading 5.65 lead, 2.7% zinc and 1.2 ounces/ton silver.The two holes are 700 metres apart and appear to have intersected the same mineralized horizon. (see plan map and section https://pjxresources.com/plan_map_section_YV.pdf)No holes have been drilled to test this horizon between these holes or on strike and down dip to the north and west.Magnetotelluric (\"MT\") Geophysics has identified a large MT target.The NMS zone occurs at the top of the large MT target. (see https://pjxresources.com/NMS_Zone_MT.pdf)According to Quantec Geoscience data, the large MT target has an 800-metre strike length and can be traced down dip for over ...