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Large Target Area Identified Below High-Grade David Gold Zone on PJX'S Gold Shear Property
TORONTO, ONTARIO / ACCESSWIRE / November 07, 2018 / PJX Resources Inc. ("PJX") is pleased ...
About this update from Pjx Resources Inc.
[{"type":"text","content":"Large Target Area Identified Below High-Grade David Gold Zone on PJX’S Gold Shear PropertyTORONTO, ONTARIO / ACCESSWIRE / November 07, 2018 / PJX Resources Inc. (\"PJX\") is pleased to announce that its recent geophysics program has identified a large target area that may host the extension at depth of the high-grade David Gold Zone on PJX's Gold Shear Property located 29 kilometres (\"km\") southwest of Cranbrook, British Columbia, Canada. The David Gold Zone is hosted in a shear zone that strikes north toward PJX's adjacent Eddy Property. High-grade gold characteristic of the David zone is supported by recent mapping. Seven of 12 grab samples recently taken from the David Gold Zone trench have returned gold grades over 68 grams/tonne (g/t) with the highest being 193.9 g/t gold (see http://pjxresources.com/wp-content/uploads/2018/11/david-gold-zone-map.jpg). High-grade gold mineralization intersected by historical drilling on the David Zone occurs with weak to moderately conductive sulphides (see http://pjxresources.com/wp-content/uploads/2018/11/photo-of-historical-core-grading-196-69-gt-gold.jpg). Geophysics has identified a large conductive target area at depth below high-grade gold mineralization in the David Trench (see http://pjxresources.com/wp-content/uploads/2018/11/david-trench-vlf-section.jpg.\"The David Gold Zone was last drilled in the 1990's\", states Mr. John Keating, President and CEO of PJX Resources. \"According to British Columbia (BC) government data, the David Zone was only tested to a depth of 150 metres. The large conductive target recently identified at depth supports the potential for PJX to explore below the historical drilling and expand the high-grade gold mineralized David Zone as well as testing for potential new zones on strike.\"High-grade gold mineralization intersected by historical drilling on the David Zone can occur with weak to moderately conductive sulphides. Dr. Fred Cook, of Salt Spring Imaging Ltd., processed and interpreted data from a 3 km VLF geophysical survey line to identify conductivity anomalies along the shear structure that hosts the David Gold Zone. Given the long length of the survey line, Dr. Cook was able to identify multiple target areas with weak to moderate conductivity at depth along the shear structure. These conductivity anomalies may have the potential to hos...