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PJX Resources' New Porphyry Copper-Gold-Silver Target On the Dewdney Trail Property in The Sullivan Mining District
TORONTO, ON / ACCESSWIRE / April 24, 2023 / PJX Resources Inc. ("PJX") is pleased to announce th...
About this update from Pjx Resources Inc.
[{"type":"text","content":"PJX Resources’ New Porphyry Copper-Gold-Silver Target On the Dewdney Trail Property in The Sullivan Mining DistrictTORONTO, ON / ACCESSWIRE / April 24, 2023 / PJX Resources Inc. (\"PJX\") is pleased to announce that processing of airborne magnetic data by Expert Geophysics has identified a large donut shaped magnetic anomaly that occurs in an area with peripheral anomalies of copper, gold, silver, molybdenum, arsenic and other metallic elements in soil. Porphyry copper-gold type deposits are known to have donut shaped magnetic geophysical signatures. The target is part of the road accessible Estella Basin area on PJX's Dewdney Trail Property near Cranbrook, British Columbia.The new donut shaped target is approximately 800 metres from gold, copper, silver mineralization PJX discovered last year within a porphyritic alkalic/syenite intrusion (see Figure 1) as announced in press releases Nov. 15, 2022, and Feb. 17, 2023.Alkalic intrusions associated with gold and copper mineralization are known to have a magnetic high as well as donut shaped magnetic geophysical signatures.Surface mapping and prospecting have identified multiple intrusions that appear to occur as a cluster.The tops of the intrusions occur beneath mountain peaks and are only visible where they have been exposed by erosion on the side of the mountains.The new donut shaped magnetic target also occurs beneath a mountain peak, which suggests there could be an intrusion below that peak that has not been exposed by erosion (see Photo A).Compilation of historical and PJX soil geochemical survey data has identified anomalies of gold, copper, silver, molybdenum, arsenic, as well as other elements that appear to be related to the intrusion (discovered in 2022) and the new donut shaped magnetic target. The coincident soil anomalies support the potential for intrusive related gold-copper-silver and molybdenum type deposits (see Figures 2, 3, 4, 5, 6).Intrusions appear to be differentiated with potentially multiple episodes of mineralisation. Differentiated and/or multi-episodic intrusions are known to enhance mineralisation and are considered to be important in the formation of intrusive related deposits.PJX plans to first drill and test the alkalic intrusion with quartz veins and copper-gold-silver mineralization discovered in 2022. This intrusion has a high magnetic ge...