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New Massive Sulphide Zone Potential Supported by Down Hole Geophysics on PJX Resources’ Vine Property and PJX Resources Completes Private Placement
TORONTO, ON / ACCESSWIRE / December 9, 2019 / PJX Resources Inc. ("PJX" or "the Company") is pleased to announce that the New Massive Sulphide ("NMS") zone rece
About this update from Pjx Resources Inc.
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / December 9, 2019 / PJX Resources Inc. (\"PJX\" or \"the Company\") is pleased to announce that the New Massive Sulphide (\"NMS\") zone recently intersected in hole VA19-48 corresponds with a strong conductive Electromagnetic (EM) anomaly identified by recent down hole geophysics on the Vine Property. The NMS zone is very conductive and occurs at the edge of the newly identified strongly conductive EM anomaly which supports the NMS zone may be part of a larger body. \"This is very encouraging news,\" states John Keating. \"The NMS zone we recently intersected appears to be the same massive sulphide horizon that was intersected over 700 metres to the south by a hole drilled in the 1990's. No holes have been drilled to test the NMS horizon between these holes or to the north and west. Down hole and surface geophysics suggest we intersected the edge of the NMS zone that has potential to be laterally extensive, similar to what occurs at the Sullivan deposit. Final compilation of the results is underway with drilling planned to start in January. In addition, recent drilling on the Gold Shear Property was just completed and results are pending.\" Down hole geophysics on drill hole VA19-48 also identified a moderate EM conductive anomaly that appears to correspond with the Sullivan Horizon, which is the geological horizon hosting the Sullivan massive sulphide deposit located 35 kilometres north of the Vine Property. This EM target occurs off the hole and has not yet been tested by drilling. Highlights PJX drill hole VA19-48 recently intersected a new massive sulphide (\"NMS\") zone, from 777.1 - 782.6 metres. The zone has 4 layers that consist largely of conductive massive iron-sulphides with anomalous zinc, copper, lead, and silver. Recent down hole EM geophysics, by Quantec Geoscience, has delineated two conductor anomalies, located at depths of about 340 metres (m) and 780m in drill hole VA19-48. EM anomaly at 340m depth appears to correspond with the Sullivan time horizon that hosts the Sullivan deposit. This is an off-hole anomaly as it is located away from the hole and was not intersected by the drill hole. The anomaly is located to the south and west of hole VA19-48 and has moderate conductivity thickness of 100 siemens. EM anomaly at 780m depth is stronger and corresponds with the New Massive Sulphide...