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PJX Resources' Announces Significant MT Geophysical Results on the DD, Moby Dick and NZOU Properties
TORONTO, ON / ACCESSWIRE / December 3, 2020 / PJX Resources Inc. (TSXV:PJX) ("PJX") is pleas...
About this update from Pjx Resources Inc.
[{"type":"text","content":"PJX Resources’ Announces Significant MT Geophysical Results on the DD, Moby Dick and NZOU PropertiesTORONTO, ON / ACCESSWIRE / December 3, 2020 / PJX Resources Inc. (TSXV:PJX) (\"PJX\") is pleased to announce the final results from an approximate 33 line-kilometer Titan magnetotelluric (\"MT\") ground geophysical survey by Quantec Geoscience over PJX's DD Property and adjacent Moby Dick and NZOU properties. PJX (50%) and DLP Resources Inc. (\"DLP\") (50%) have jointly acquired the mineral rights to the NZOU and Moby Dick Properties. DLP contracted Quantec to do the MT survey as part of DLP's option agreement to earn an interest in PJX's DD Property.A significant NE-SW trend of high conductivity (low resistivity) anomalies occur over an area of 5 km x 0.5 km (Figure 1). Drilling of Pan18-01-Ex and relogging of historic holes Irish05-01 and IR07-01 strongly supports the idea that the main conductive body of possible Sullivan-type zinc-lead-silver mineralization is between Pan18-01-Ex, IR07-01 and the Irish 05-01 drill holes (Figure 2). Geological sections across this area further support the fact that the MT anomalies are associated with the interpreted downdip extension or position at depth of the Upper to Lower Middle Aldridge Formation and proposed Sullivan Horizon (Figures 3 and 4).John Keating, President and CEO of PJX, commented, \"This is very encouraging news. Only 3 holes (Pan18-01-Ex, Irish05-01 and IR07-01) have tested the favourable Sullivan Horizon on the 3 properties. All 3 holes intersected a geological environment that supports the potential for a Sullivan-type deposit. The MT survey has identified a large highly prospective target area that has not been drilled and could host conductive massive sulphide mineralization similar to what occurs at the Sullivan deposit. Figure 5, shows the significant size of the target area in relation to the footprint of the Sullivan deposit. We are pleased that DLP wants to continue with the option to earn an interest in the DD Property and that they plan to drill an additional 10,000 to 12,000 m to test these targets.\"Pan18-01-Ex, drilled in August 2020, was the first hole to test the Sullivan Horizon on the DD Property. According to DLP, intensely altered siltstones intersected at the Sullivan Horizon suggests the hole intersected a distal part of a hydrothermal system con...