Geophysics Identifies Potential Large Massive Sulphide Body on PJX Resources’ Vine Property
(TSX VENTURE: PJX.V)
Geophysics Identifies Potential Large Massive Sulphide Body on PJX Resources’ Vine Property
Toronto, Ontario – December 05, 2018 – Magnetotelluric (MT) geophysics has identified a large
anomaly at depth that could be a massive sulphide body similar in area to the Sullivan Zinc-Lead
massive sulphide deposit located 35 km north of PJX Resources’ 100% owned Vine Property near
Cranbrook, British Columbia, Canada.
Highlights
• Three-Dimensional (3D) Modeling has identified an MT anomaly that can be traced for 800
metres (m) horizontally along strike. The sub-vertical MT anomaly starts at about 600m
deep and can be traced down dip to the west to a depth of at least 2 kilometres (km). (see
cross - section http://pjxresources.com/wp-content/uploads/2018/12/three-dimensional-
modeling.jpg)
• Two-Dimensional (2D) Modelling of gravity data suggests the potential for large dense
bodies of massive sulphide at depths similar to the MT anomaly. (see cross section
http://pjxresources.com/wp-content/uploads/2018/12/two-dimensional-modelling-of-
gravity-data.jpg )
• The anomalies appear to occur above the Moyie fault and adjoining fault splays.
Anomalous zinc and lead mineralization have been intersected above these faults, in holes
drilled up dip and on strike with the anomalies.
“The presence of both MT and Gravity anomalies increases the potential for massive sulphide
mineralization.” states the President and CEO of PJX, John Keating. “Some massive sulphide
deposits are conductive enough to produce MT anomalies, while others have sufficient density
contrast with surrounding rocks to be able to produce gravity anomalies. Having both types of
anomalies strengthens the probability for massive sulphide mineralization in the target area.”
Management believes the large MT anomaly could represent a folded massive sulphide body
along the regional Moyie fault and adjoining fault splays. There is also a smaller, less conductive,
MT target closer to surface. Of great significance is how both MT anomalies appear to correlate
with the depths of potential massive sulphide identified by gravity data modelling. Neither of
these target areas have been drilled.
PJX plans to first test the shallow target for massive sulphide potential before testing the deep
target. The shallow target is at a depth of about 200 m. Drilling is planned to commence around
the middle of January. Additional work to assess the MT and other data is on-going.
Background
Quantec Geoscience carried out a detailed MT ground survey on a grid pattern with MT stations at
approximately 200 m intervals. Quantec’s 3D computer model identified the shallow and large
deep MT targets. The computer program was given an arbitrary depth of 2 km for modelling.
According to a Quantec geophysicist, the strongly conductive (low resistivity) large MT anomaly
has a strike length of about 800 m, begins at about 600 m deep and can be traced to a depth of at
least 2 km, the lower limit of the model. The anomaly may continue below 2 km and can be
modelled deeper with the addition of MT stations further west.
The shallow and deep MT anomalies occur within the large East Gravity geophysical anomaly
identified by Excel Geophysics from gravity surveys in 2015, 2016 and 2017. One of Excel’s 2D
Models of the gravity data suggests that dense bodies of potential massive sulphide could occur at
similar depths to the shallow and deep MT anomalies.
Drilling elsewhere on the East Gravity target has intersected zones of anomalous sphalerite (zinc)
and galena (lead) mineralization in metamorphosed phyllitic rocks that occur in the folded and
attenuated hanging-wall of the large regional Moyie reverse fault. The shallow and large deep MT
anomalies appear to occur in the same favourable hanging-wall zone that hosts the zinc and lead
mineralization.
The foregoing geological disclosure has been reviewed 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 the consulting geologist for PJX on the DD and Vine Properties.
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
and base metals. PJX’s properties are located in the historical mining area of Cranbrook and
Kimberley, British Columbia. Please refer to our web site http://www.pjxresources.com for
additional information.
FOR FURTHER INFORMATION PLEASE CONTACT:
Linda Brennan, Chief Financial Officer
(416) 799-9205
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Exchange) accepts responsibility for the adequacy or accuracy of this release.
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