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PJX Resources' Identifies Possible Gold-Copper Porphyry and Sullivan Style Lead-Zinc-Silver Targets on Eddy Property
PJX Resources' Identifies Possible Gold-Copper Porphyry and Sullivan Style Lead-Zinc-Silver Ta...
About this update from Pjx Resources Inc.
[{"type":"text","content":"\nPJX Resources' Identifies Possible Gold-Copper Porphyry and Sullivan Style Lead-Zinc-Silver Targets on Eddy Property\n\nPJX Resources' Identifies Possible Gold-Copper Porphyry and Sullivan Style Lead-Zinc-Silver Targets on Eddy Property \nToronto, Ontario CANADA, May 08, 2012 /FSC/ - PJX Resources Inc. (PJX - TSX Venture), (\"PJX\") is pleased to announce the discovery of large geophysical anomalies that may represent porphyry style gold-copper deposits and/or possible Sullivan type silver-lead-zinc deposits on the Eddy Property.  \nIn November 2011, Geotech was contracted to fly a 690 km VTEM airborne geophysical survey over the Eddy Property.   Recent processing of the electro-magnetic (EM) data has identified 4 large conductivity anomaly targets for drill testing.  These new targets are close to roads and have never been drilled.  A map of the targets is available for viewing on the company web site at http://pjxresources.com/wp-content/uploads/2012/05/eddy-property-b-field-newmap.jpg. \nCompany President and CEO, John Keating, comments, \"The geophysical targets discovered on the Eddy Property are impressive and located in a geological environment that could host a significant gold or base metal deposit.\" \nThree of the targets have EM conductivity responses without a Mag signature.  This type of EM response could be related to graphite in sedimentary rocks or may be related to areas of more intense clay alteration associated with porphyry gold and/or copper deposits.  The porphyry potential is also supported by the presence of: \n - an area 3 kilometres in diameter that has localized argillic, \n   sericite and/or iron-carbonate alteration in bedrock,  \n - iron-oxide breccias occurring along major fault structures, and\n - historical showings with anomalous gold or copper associated with \n   quartz breccias.  \n       \nThe fourth target has coincidental Mag and EM conductivity responses.  This combination of responses supports the potential for a massive sulphide deposit similar to the Sullivan Mine.  The Sullivan Mine contained over 120 million tonnes of lead-zinc-silver ore.  It was mined for over 90 years by Teck Cominco prior to being closed in 2001. &...