PJX Resources' Drilling Confirms the Geological Potential to Discover a Sedex Deposit on the Dewdney Trail Property
PJX Resources has announced significant drilling results from its Dewdney Trail Property in British Columbia's Sullivan Mining District. The drilling identified three Sedimentary Exhalative (Sedex) horizons, each potentially hosting a Sedex deposit. The program discovered increased sulphide mineralization with iron-rich minerals and lesser concentrations of copper, zinc, and lead.
Key findings include a sulphide flooded vent with significant copper content, suggesting a hotter part of the mineralizing system. The drilling intersected a 29.87m vent section with notable mineral content. The company identified multiple target areas for future exploration, including the Kootenay King quartzite horizon, located 6.5 km on strike to the south.
Surface sampling revealed Sullivan-style mineralized boulders with high-grade results (9.33% zinc, 2.48% lead, 14.62 g/t silver). The exploration permit extends until July 2029, with plans for additional drilling when weather permits.
PJX Resources ha annunciato risultati significativi di perforazione dalla sua Dewdney Trail Property nel Distretto Minerario Sullivan della Columbia Britannica. La perforazione ha identificato tre orizzonti Sedimentary Exhalative (Sedex), ciascuno potenzialmente in grado di ospitare un deposito Sedex. Il programma ha scoperto un aumento della mineralizzazione solforosa con minerali ricchi di ferro e minori concentrazioni di rame, zinco e piombo.
I risultati principali includono un condotto allagato di solfuri con un contenuto di rame significativo, suggerendo una parte più calda del sistema mineralizzante. La perforazione ha intercettato una sezione del condotto di 29,87 m con un contenuto minerale notevole. L'azienda ha identificato più aree target per future esplorazioni, incluso l'orizzonte del quarzite Kootenay King, situato a 6,5 km a sud.
I campionamenti superficiali hanno rivelato massi mineralizzati in stile Sullivan con risultati di alta qualità (9,33% zinco, 2,48% piombo, 14,62 g/t argento). Il permesso di esplorazione è valido fino a luglio 2029, con piani per ulteriori perforazioni quando le condizioni meteorologiche lo permetteranno.
PJX Resources ha anunciado resultados de perforación significativos de su Dewdney Trail Property en el Distrito Minero Sullivan de Columbia Británica. La perforación identificó tres horizontes Sedimentary Exhalative (Sedex), cada uno potencialmente albergando un depósito Sedex. El programa descubrió una mineralización de sulfuros aumentada con minerales ricos en hierro y menores concentraciones de cobre, zinc y plomo.
Los hallazgos clave incluyen un ventilador inundado de sulfuros con un contenido significativo de cobre, sugiriendo una parte más caliente del sistema mineralizador. La perforación cruzó una sección de ventilación de 29,87 m con contenido mineral notable. La empresa identificó múltiples áreas objetivo para futuras exploraciones, incluido el horizonte de cuarcita Kootenay King, ubicado a 6,5 km al sur.
El muestreo superficial reveló bloques mineralizados al estilo Sullivan con resultados de alta calidad (9,33% de zinc, 2,48% de plomo, 14,62 g/t de plata). El permiso de exploración se extiende hasta julio de 2029, con planes para perforaciones adicionales cuando las condiciones meteorológicas lo permitan.
PJX Resources가 브리티시컬럼비아의 설리반 광산 지구에 위치한 Dewdney Trail Property에서 중요한 시추 결과를 발표했습니다. 시추를 통해 각각 세 개의 퇴적 대기 배출(Sedex) 지평선이 확인되어 Sedex 광상이 존재할 가능성이 나타났습니다. 이 프로그램은 철이 풍부한 광물과 함께 구리, 아연, 납의 농도가 낮은 황화 광물의 증가를 발견했습니다.
주요 발견 사항으로는 상당한 구리 함량을 가진 황화물로 채워진 통풍구가 있으며, 이는 광물화 시스템의 더 뜨거운 부분을 시사합니다. 시추는 29.87 m 길이의 통풍구 구간을 교차하며 주목할 만한 광물 함량을 보여주었습니다. 이 회사는 Kootenay King 석영편마암 지평선을 포함하여 향후 탐사를 위한 여러 타겟 지역을 확인했습니다. 이 지평선은 남쪽으로 6.5km 떨어져 있습니다.
표면 샘플링을 통해 높은 등급의 결과(아연 9.33%, 납 2.48%, 은 14.62 g/t)를 보인 설리반 스타일의 광물화된 자갈이 발견되었습니다. 탐사 허가는 2029년 7월까지 유효하며, 날씨가 허락하는 대로 추가 시추 계획이 있습니다.
PJX Resources a annoncé des résultats de forage significatifs provenant de sa Dewdney Trail Property dans le district minier de Sullivan, en Colombie-Britannique. Le forage a identifié trois horizons sédimentaires exhalatifs (Sedex), chacun pouvant potentiellement abriter un dépôt Sedex. Le programme a découvert une augmentation de la minéralisation sulfurée avec des minéraux riches en fer et des concentrations moindres de cuivre, de zinc et de plomb.
Les résultats clés incluent une cheminée inondée de sulfures avec une teneur élevée en cuivre, suggérant une partie plus chaude du système de minéralisation. Le forage a intercepté une section de cheminée de 29,87 m avec un contenu minéral notable. L'entreprise a identifié plusieurs zones cibles pour de futures explorations, y compris l'horizon de quartzite Kootenay King, situé à 6,5 km au sud.
Le pré-échantillonnage a révélé des blocs minéralisés de type Sullivan avec des résultats de haute qualité (9,33 % de zinc, 2,48 % de plomb, 14,62 g/t d'argent). Le permis d'exploration est valide jusqu'en juillet 2029, avec des plans pour des forages supplémentaires lorsque les conditions météorologiques le permettront.
PJX Resources hat bedeutende Bohrergebnisse von seiner Dewdney Trail Property im Sullivan-Minenbezirk von British Columbia bekannt gegeben. Die Bohrungen identifizierten drei sedimentär-exhalative (Sedex) Horizonte, die jeweils potenziell ein Sedex-Vorkommen beherbergen könnten. Das Programm entdeckte eine erhöhte Sulfidmineralisierung mit eisenreichen Mineralien sowie geringeren Konzentrationen von Kupfer, Zink und Blei.
Wichtige Erkenntnisse umfassen ein mit Sulfid überflutetes Ventil mit erheblichem Kupfergehalt, was auf einen heißeren Teil des mineralisierenden Systems hindeutet. Die Bohrungen durchdrangen einen 29,87 m langen Ventilabschnitt mit bemerkenswertem Mineralgehalt. Das Unternehmen hat mehrere Zielgebiete für künftige Erkundungen identifiziert, darunter den Kootenay King Quarzit-Horizont, der 6,5 km weiter südlich liegt.
Oberflächenproben zeigten Sullivan-artige, mineralisierte Blöcke mit hohen Gehalten (9,33 % Zink, 2,48 % Blei, 14,62 g/t Silber). Die Explorationsgenehmigung gilt bis Juli 2029, mit Plänen für weitere Bohrungen, sobald die Wetterbedingungen es zulassen.
- Discovery of three Sedex horizons with potential for significant deposits
- High-grade surface samples showing 9.33% zinc, 2.48% lead, and 14.62 g/t silver
- 29.87m vent intersection with notable mineralization
- 100% ownership of 680 km² of mineral claims
- Extended exploration permit valid until July 2029
- Source of high-grade mineralized boulders not yet located
- Additional drilling required to confirm deposit potential
- Weather-dependent exploration timeline
TORONTO, ON / ACCESS Newswire / January 17, 2025 / PJX Resources Inc. ("PJX" or the "Company") is pleased to announce that drilling has identified 3 Sedimentary Exhalative (Sedex) horizons with each horizon having the potential to host a Sedex type deposit at depth and on strike. The horizons are defined by increased sulphide mineralization in the form of stacked narrow massive to semi massive sulphide beds, bands, and/or disseminated sulphides. Iron rich minerals (pyrrhotite and pyrite) are dominant with lesser concentrations of copper (chalcopyrite), zinc (sphalerite) and/or lead (galena). Drilling explored for the source of Sullivan style and grade mineralized boulders (Photo A) found in talus material at the base of a mountain slope on PJX's
Although the source of the boulders was not encountered during this initial phase of drilling, the geological environment discovered by drilling supports an environment similar to the Sullivan basin hosting the Sullivan deposit. Features include stacked bedding conformable sulphides, syn-sedimentary faults defined by large blocks of zinc mineralized sediments in a chaotic breccia (Photo B), and a cross cutting vent (Photo C) that can function as a conduit to transport metals for the formation of deposits.
Figure 1 is a standard model for the formation of Sedex deposits. Features intersected while drilling and identified by mapping are shown on the model. The approximate area of the model tested by drilling is outlined. Further drilling is required stratigraphically higher in the system and laterally away from the venting environment.
Next Drilling Phase
The sulphide flooded vent intersected while drilling is predominantly iron sulphide with locally significant copper sulphide and less zinc or lead sulphide (see photo C and grades below). This combination of sulphides suggests a hotter part of the mineralizing system. The source of the more zinc and lead rich Sullivan style and grade boulders would likely be in a cooler part of the system. This could be higher in the mineralizing system, which is higher on the mountain slope above where we have drilled. The Kootenay King quartzite horizon, which hosts the Kootenay King sedex zinc-lead-silver deposit 6.5 km on strike to the south, occurs higher on the mountain and has not yet been drilled. The location of this target is shown on Figure 2.
Cooler parts of the mineralizing system that may be favourable for forming a zinc-lead-silver deposit, may also occur laterally away from the vent as shown by the location of sphalerite and galena in replacement ore on Figure 1. The 3 Sedex horizons encountered in drilling may be favourable mineralizing periods to form a deposit on strike and laterally away from the vent area. Two Sedex horizons occur in the footwall beneath the Estella workings at the base of the mountain. The third Sedex horizon occurs about one third of the way up the mountain slope. Figure 2 shows the approximate target locations to test 2 of the horizons laterally on strike and south of the vent.
Drilling commenced in early August last year after the exploration permit amendment was received from the government in mid-July, 2024. The exploration permit is good until July 2029. Further assessment of the results along with geophysics will be undertaken this winter to help define drill pad locations to test the various targets. Additional information will be provided when available.
Photo A - Sample STM-23-7 (
Sullivan style and grade boulder in talus at the base of a mountain slope. Alternating dark and light coloured bands with sulphides (zinc, lead, iron) appear to be sulphide-rich beds that have broken apart possibly by slumping during deposition, or during later folding.
Photo B - Sample G23-669B (
Reddish-brown coloured bands and beds of sphalerite (zinc sulphide) in sediments. Rock sample is from an outcrop at surface that is part of a large (approximately 10 metre) block of sediment in the fault chaotic breccia.
Photo C - Vent Breccia/Fragmental with pyrrhotite (iron sulphide) and chalcopyrite (copper sulphide) flooding, hole ND24-02.
Hole ND24-02 - Vent intersection is 29.87 m in core length with true width estimated at about 10 m. Table displays weighted averages.
From | To | Interval | Copper | Gold | Silver | Zinc | Lead | Cobalt | Indium |
(m) | (m) | (m) | (%) | (ppm) | (ppm) | (ppm) | (ppm) | (ppm) | (ppm) |
402.1 | 404.5 | 2.4 | 4.82 | 0.29 | 29.01 | 1508.13 | 1758.83 | 66.22 | 1.94 |
400.93 | 430.8 | 29.87 | 0.53 |
| 5.36 | 350 | 130.33 | 112.3 | 1.7 |
Figure 1 - Sedimentary Exhalative (Sedex) Deposit Model displays approximate location of surface sample (Photo B) and drill hole sample (Photo C). Typical mineralizing system has pyrrhotite (iron sulphide) and chalcopyrite (copper sulphide) within and above the hotter vent environment, with sphalerite (zinc sulphide) and galena (lead sulphide) in a cooler environment exhaled on the ocean floor or laterally beneath the ocean floor and peripheral to the vent area.
Figure 2 - Photo looking northeast. Holes were drilled toward the west to test east dipping sediments for the source of Sullivan style and grade mineralization discovered in talus at the base of the mountain slope (Photo A location). Three preliminary target areas have been identified to test horizons on strike laterally from the vent, or above the vent (Photo C location).
John Keating, President of PJX, commented, "Drilling has intersected a significant mineralizing system within a geological environment amenable to host a Sedex type deposit. The presence of sulphide mineralization occurring periodically over hundreds of metres of vertical stratigraphy suggests a mineralizing system that was active over an extended period of time. Soil sampling has identified coincident zinc, lead, copper, gold, and silver anomalies for over 3 kilometres on strike. Large mineralizing systems such as this are often required to produce significant deposits. The Sullivan style and grade boulders discovered in talus are expected to be close to their source as they are angular and located in a relatively confined area at the top of the mountain. Our exploration permit is good for another 4.5 years. We look forward to this next phase of drilling when the snow melts. We will have a booth to display and discuss results at the Metals Investor Forum in Vancouver January 17 and 18, and also at AME Roundup in Vancouver January 20 and 21, 2025."
PJX's New Discovery Potential Background
PJX owns
The geological disclosure and content of this news release has been reviewed and approved by Dave Pighin, P.Geo., and John Keating P.Geo. (qualified persons for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Pighin is one of a number of consulting geologists for PJX on the Dewdney Trail Property. Mr. Keating is the President, Chief Executive Officer and a Director of PJX.
About PJX Resources Inc.
PJX is a mineral exploration company focused on building shareholder value and community opportunity through the exploration and development of mineral resources with a focus on gold, silver, zinc, lead, copper, cobalt, and other critical metals. PJX's properties are located in the historical Sullivan Mine District and Vulcan Gold Belt near Cranbrook and Kimberley, British Columbia.
Please refer to our web site http://www.pjxresources.com for additional information.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Linda Brennan, Chief Financial Officer (416) 799-9205
info@pjxresources.com
Cautionary Note Regarding Forward-Looking Information
The information in this news release has been prepared as at the date noted above. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by PJX Resources Inc. as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, PJX Resources Inc. expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in PJX Resources Inc.'s expectations or any change in events, conditions or circumstances on which any such statement is based.
Cautionary Note to US Investors:
This news release may contain information about adjacent properties on which PJX Resources Inc. has no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward- ooking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: PJX Resources Inc.
View the original press release on ACCESS Newswire
FAQ
What are the key findings from PJX Resources' (PJXRF) recent drilling at Dewdney Trail?
What grades were found in the surface samples at PJX Resources' (PJXRF) Dewdney Trail Property?
How long is PJX Resources' (PJXRF) exploration permit valid for the Dewdney Trail Property?
What is the size of PJX Resources' (PJXRF) mineral claims in the Sullivan Mining District?
What was the length of the vent intersection discovered in hole ND24-02 at PJXRF's Dewdney Trail?
