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PJX Resources Identifies Cobalt-Copper Mineralization Potential in the Sullivan Mining District
TORONTO, ON / ACCESSWIRE / March 30, 2023 / PJX Resources Inc. ("PJX") has intersected massive s...
About this update from Pjx Resources Inc.
[{"type":"text","content":"PJX Resources Identifies Cobalt-Copper Mineralization Potential in the Sullivan Mining DistrictTORONTO, ON / ACCESSWIRE / March 30, 2023 / PJX Resources Inc. (\"PJX\") has intersected massive sulphide with anomalous cobalt (Co), copper (Cu), nickel (Ni) and silver (Ag) in a quartz-dolomite gangue in metasediments that is possibly similar in style to mineralization at the Black Butte copper-cobalt deposit located to the south in Montana (see Photo-A, & Fig. 1).Mineralization was intersected while drilling Mobile-MT electromagnetic (EM) and magnetic geophysical anomalies at the Lewis Ridge target late last year on the Dewdney Trail Property. The mineralization occurs approximately 3 kilometres north of alkalic intrusive related gold-copper-silver mineralization at PJX'S previously announced Estella Basin target in the Sullivan Mining District and Vulcan Gold Belt of southeastern British Columbia, Canada.John Keating, President of PJX commented: \"This was the first phase of drilling to test EM and magnetic anomalies at the more than 2.5 km long and 1.5 km wide Lewis Ridge target area. Our initial thinking was that geophysics identified potential Sullivan-type zinc-lead-silver mineralization. However, drilling has discovered potential for sediment hosted copper-cobalt type deposits possibly similar to those that occur east of Butte, Montana. PJX plans to further explore and drill the Lewis Ridge copper-cobalt target area, and the previously announced new Estella Basin intrusive-related gold-copper-silver target area this year.\"Photo A - Massive sulphide (pyrite) with anomalous cobalt, copper, nickel and silver mineralization in a quartz-dolomite gangue (white mineralization) at the Lewis Ridge target area. Possible sediment hosted mineralization similar to the Black Butte cobalt-copper deposit. On the right is an enlarged photo of the massive sulphide to display the fine to coarse pyrite texture. BackgroundGeologyFour holes (LR22-01 to LR22-04) were drilled late last year at the Lewis Ridge target to test EM and magnetic anomalies defined by an airborne Mobile-MT (EM) and Magnetic survey flown for PJX by Expert Geophysics.Hole LR22-02 intersected massive sulphide mineralization consisting of fine to coarse grained pyrite that has a somewhat net-textured appearance and is fractured or brecciated possibly due to folding (see Pho...