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High Grade Gold Mineralization Potential on PJX Resource's Gold Shear Property
TORONTO, ON / ACCESSWIRE / May 20, 2020 / PJX Resources Inc. ("PJX") is pleased to announce ...
About this update from Pjx Resources Inc.
[{"type":"text","content":"High Grade Gold Mineralization Potential on PJX Resource’s Gold Shear PropertyTORONTO, ON / ACCESSWIRE / May 20, 2020 / PJX Resources Inc. (\"PJX\") is pleased to announce that PJX drill results compiled with historical drill data has identified large target areas on strike and at depth of high-grade gold mineralization on the Gold Shear Property. The Gold Shear Property is road accessible and part of PJX's large mineral title holdings (over 50,000 hectares) in the Placer Gold and Sullivan Mining Camps near Cranbrook, British Columbia, Canada. Over 1.5 million ounces of placer gold are estimated to have been mined from the local creeks. PJX is exploring for the bedrock source of this gold.HighlightsPJX drilling confirmed the high-grade nature of gold mineralization in the David Shear Zone on the Gold Shear Property (see Jan 20, 2020 release).Recent compilation of PJX drilling and historical drill data (1990s) support a north plunge to high-grade gold mineralization that does not appear to have been fully tested (see Long Section https://pjxresources.com/GS_Long_Sec.jpg).Higher gold grades appear to occur in zones with visible gold, or increased sulphide minerals (iron, lead, zinc, copper, tellurium) and/or a dilation (bend, break, or fold) in the shear zone.Large untested target is defined at depth by geophysics (see https://pjxresources.com/GS_Geophys_Sec.jpg).Geophysics may represent an increase in conductive sulphide mineralization, alteration and/or a larger bend, break, or fold in the shear zone.\"The David Gold Zone is a typical shear hosted gold system\" states Mr. John Keating, President and CEO of PJX Resources. \"High grade mineralization over narrow widths seen at the David, such as 54.76 g/t over 1.0 m, occur above or proximal to gold deposits found in mining camps like Kirkland Lake and elsewhere. For example, mining companies drilled shallow holes for tens of years and intersected good gold grades over narrow widths west of Timmins. It was only when West Timmins Mining drilled deeper holes to 500m or more that the first gold deposit was discovered at a location where the structure dilates, takes a bend or folds, and becomes more favourable to form a gold deposit. Similarly, the bend or fold in structure that can influence gold deposit location occurs below the 300m depth in the Harker-Holloway area east of T...