PJX Resources' Drilling Identifies Venting Type Environment That Supports Sullivan Style Sedex Mineralisation
PJX Resources (PJXRF) has announced promising drilling results from its Dewdney Trail Property in British Columbia, Canada. The company has encountered geology supporting the potential for a Sedimentary Exhalative (Sedex) type deposit, similar to the nearby Sullivan deposit. Key findings include:
1. A 20m fragmental unit with abundant to semi-massive sulphide mineralization at 275m depth.
2. Presence of iron sulphides with visible trace amounts of copper and zinc sulphides.
3. Discovery of zinc, lead, and silver mineralization in surface boulders late last year.
4. A large magnetic anomaly traced for approximately 1.6 km.
PJX plans to expand drilling operations to further explore the potential of this new discovery, which could indicate a significant mineralization system in the area.
PJX Resources (PJXRF) ha annunciato risultati promettenti dai suoi lavori di perforazione nella Dewdney Trail Property nella British Columbia, Canada. L'azienda ha incontrato una geologia favorevole al potenziale per un deposito di tipo Sedimentary Exhalative (Sedex), simile al vicino deposito Sullivan. I principali risultati includono:
1. Un'unità frammentaria di 20 m con abbondante mineralizzazione di solfuri semi-massa a una profondità di 275 m.
2. Presenza di solfuri di ferro con tracce visibili di solfuri di rame e zinco.
3. Scoperta di mineralizzazione di zinco, piombo e argento in massi superficiali alla fine dell'anno scorso.
4. Una grande anomalia magnetica tracciata per circa 1,6 km.
PJX prevede di espandere le operazioni di perforazione per esplorare ulteriormente il potenziale di questa nuova scoperta, che potrebbe indicare un importante sistema di mineralizzazione nella zona.
PJX Resources (PJXRF) ha anunciado resultados de perforación prometedores de su Dewdney Trail Property en Columbia Británica, Canadá. La empresa ha encontrado una geología que respalda el potencial para un depósito de tipo Sedimentary Exhalative (Sedex), similar al depósito Sullivan cercano. Los hallazgos clave incluyen:
1. Una unidad fragmentaria de 20 m con mineralización de sulfuros semi-másiva a 275 m de profundidad.
2. Presencia de sulfuros de hierro con cantidades traza visibles de sulfuros de cobre y zinc.
3. Descubrimiento de mineralización de zinc, plomo y plata en bloques de superficie a finales del año pasado.
4. Una gran anomalía magnética trazada por aproximadamente 1,6 km.
PJX planea expandir las operaciones de perforación para explorar aún más el potencial de este nuevo descubrimiento, que podría indicar un importante sistema de mineralización en el área.
PJX 자원 (PJXRF)는 캐나다 브리티시컬럼비아주에 위치한 Dewdney Trail Property에서 유망한 시추 결과를 발표했습니다. 이 회사는 가까운 설리반 광산과 유사한 퇴적압출(Sedex) 형태의 광상 가능성을 뒷받침하는 지질학적 특성을 발견했습니다. 주요 발견 사항은 다음과 같습니다:
1. 275m 깊이에서 반-고형의 황화물 광물화가 풍부한 20m의 파편 단위.
2. 약간의 구리 및 아연 황화물이 보이는 철 황화물의 존재.
3. 작년 말 표면 바위에서 아연, 납 및 은의 광물화 발견.
4. 약 1.6km에 걸쳐 추적된 큰 자기 이상.
PJX는 이 새로운 발견의 잠재력을 탐색하기 위해 시추 작업을 확장할 계획이며, 이는 이 지역에서 중요한 광물화 시스템을 나타낼 수 있습니다.
PJX Resources (PJXRF) a annoncé des résultats de forage prometteurs de son Dewdney Trail Property en Colombie-Britannique, Canada. L'entreprise a rencontré une géologie favorisant le potentiel d'un dépôt de type Sedimentary Exhalative (Sedex), similaire au dépôt de Sullivan à proximité. Les principales découvertes incluent :
1. Une unité fragmentale de 20 m avec une minéralisation de sulfures abondante à semi-massive à 275 m de profondeur.
2. Présence de sulfures de fer avec des traces visibles de sulfures de cuivre et de zinc.
3. Découverte de minéralisation de zinc, de plomb et d'argent dans des blocs en surface à la fin de l'année dernière.
4. Une grande anomalie magnétique tracée sur environ 1,6 km.
PJX prévoit d'élargir les opérations de forage pour explorer davantage le potentiel de cette nouvelle découverte, qui pourrait indiquer un important système de minéralisation dans la région.
PJX Resources (PJXRF) hat vielversprechende Bohrergebnisse von seinem Dewdney Trail Property in British Columbia, Kanada, bekannt gegeben. Das Unternehmen hat Geologie entdeckt, die das Potenzial für ein sedimentäres Exhalat (Sedex) Depositat unterstützt, ähnlich dem nahegelegenen Sullivan-Depot. Zu den wichtigsten Ergebnissen gehören:
1. Eine 20m fragmentale Einheit mit reichhaltiger bis semi-massiver Sulfidmineralisierung in einer Tiefe von 275m.
2. Vorhandensein von Eisensulfiden mit sichtbaren Spuren von Kupfer- und Zinksulfiden.
3. Entdeckung von Zink, Blei und Silber im Oberflächen-Gestein Ende letzten Jahres.
4. Eine große magnetische Anomalie, die über ungefähr 1,6 km verfolgt wurde.
PJX plant eine Erweiterung der Bohrungen, um das Potenzial dieser neuen Entdeckung weiter zu erkunden, die auf ein signifikantes Mineralisierungssystem in der Gegend hindeuten könnte.
- Discovery of geology supporting potential Sedex type deposit
- Intersection of 20m fragmental unit with abundant to semi-massive sulphide mineralization
- Presence of visible trace amounts of copper and zinc sulphides
- Large magnetic anomaly traced for 1.6 km, indicating potential mineralization extent
- Plans to expand drilling operations to further explore the discovery
- Mineralization predominantly consists of iron sulphides, with only trace amounts of copper and zinc sulphides
- Source of high-grade zinc, lead, and silver mineralization in surface boulders not yet identified by drilling
- Additional drilling required to confirm extent and economic viability of the mineralization
TORONTO, ON / ACCESSWIRE / September 5, 2024 / PJX Resources Inc. ("PJX" or the "Company") is pleased to announce that on-going drilling at the Dewdney Trail Property has encountered geology that supports the potential to discover a Sedimentary Exhalative (Sedex) type deposit. Of the 3 holes drilled to date the deepest into the mountain has intersected a 20m (estimated true width) fragmental with abundant to semi-massive sulphide mineralisation at 275m. The mineralisation appears to be predominantly iron sulphide (pyrrhotite and pyrite) with visible trace amounts of copper sulphide (chalcopyrite) and zinc sulphide (sphalerite) (see photo A). This style of mineralisation supports a venting environment, which is what occurs at the Sullivan Sedex deposit located approximately 20 km west of the Dewdney Trail Property in Southeastern British Columbia, Canada.
Photo A - Fragmental unit with iron sulphide (pyrrhotite and pyrite) in the matrix and what appear to be iron sulphide clasts in places. Zinc sulphide (sphalerite) and copper sulphide (chalcopyrite) are locally visible in trace amounts (samples have been sent for analysis).
The source of the Sullivan style and grade zinc, lead, and silver mineralisation discovered late last year at surface in boulders in talus material at the base of a mountain slope has not yet been identified by drilling (see photo B). In addition, the zinc and lead mineralisation in outcrop discovered late last year appears to occur in large blocks and/or fragments of stratigraphy that may have collapsed into a sinking basin which can happen in Sedex environments. Additional drilling is required on strike to the north and south as well as higher on the mountain which is stratigraphically above the fragmental unit. Drilling is also required at depth, stratigraphically below the fragmental unit, because of what appear to be massive iron sulphide clasts in part of the fragmental unit (see photo C).
Photo B - Sample STM-23-1 (
Photo C - Apparent Iron Sulphide (pyrrhotite and pyrite) clasts in fragmental.
John Keating, President of PJX, commented, "We are very pleased with the results from these initial drill holes. What we've encountered in the fragmental appears to be predominantly iron sulphides. However, having visible trace concentrations of zinc and copper sulphide minerals supports a mineralizing system with potential to produce higher concentrations of copper, zinc, and/or lead horizontally along strike as well as vertically in multiple sedimentary horizons. This type of transition in mineralisation occurs in Sedex environments. So far, we have only tested part of the northern edge of the large magnetic anomaly. We are working with New Age Drilling Solutions to bring additional drills to the property and expand testing. The well mineralized boulders with zinc, lead, and silver discovered late last year also support the potential for more significant zinc, lead and/or copper content. Results of our work along with maps and sections are expected to be announced when the drilling has been completed and results compiled."
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-looking 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.
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FAQ
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