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PJX Resources Identifies Large Gravity Target on the Vine
PJX Resources Identifies Large Gravity Target on the Vine Toronto, Ontario CANADA, October 24...
About this update from Pjx Resources Inc.
[{"type":"text","content":"PJX Resources Identifies Large Gravity Target on the VinePJX Resources Identifies Large Gravity Target on the Vine \n\nToronto, Ontario CANADA, October 24, 2013 /FSC/ - PJX Resources Inc. (PJX - TSX Venture), (\"PJX\" or the \"Company\") is pleased to announce that it has completed the compilation of the results of a preliminary gravity geophysical survey conducted by Excel Geophysics Inc. and historical data on the Vine Property located near Cranbrook, British Columbia.  Interpretation of this data has identified a large target area with massive sulphide deposit potential. \n\nThe positive gravity anomaly occurs north of the Vine occurrence and defines an area that is approximately 2 km in width and 3-4 km in length with an apparent shallow dip to the north (see map at  http://pjxresources.com/wp-content/uploads/2011/07/vine-gravity-anomaly.jpg). The gravity anomaly identifies more dense material that could represent massive sulphides within the sedimentary rocks. It appears to parallel stratigraphy within Proterozoic-age Aldridge Formation sedimentary rocks that correlate with those that hosted the Sullivan massive sulphide deposit, located 35 km north of the property.  \n\nThe interpreted sulphide potential is supported by two historical holes drilled by Kokanee Explorations Ltd. in 1990 and Consolidated Ramrod Gold Corporation in 1994.  Each of the holes intersected lead-zinc-silver mineralization in massive sulphides at depths of approximately 700m and are located on the western edge of the gravity anomaly (see map at http://pjxresources.com/wp-content/uploads/2011/07/vine-cross-section.jpg).   \n\nThe actual depth and source of the anomaly is unknown until drill tested.  The Company plans to conduct more detailed gravity work to better define the anomaly in order to develop drill targets.\n\nA second less well defined gravity anomaly has also been identified 6 km southwest of the Vine anomaly.  This anomaly is located on the western side of the Vine grabben, and contains two known lead-zinc occurrences, called the Fors and Smoker.  Based on these results, the Company has consolidated a land package in the Fors and Smoker area called the West Basin Property (see map at http://pjxresources.com/wp-content/uploads/2011/07/vine-west-basin-map1.jpg)....