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PJX Resources Inc.
Summary
| Project: | Vine | |
|---|---|---|
| Deposit: | Vine | |
| Location: | Canada | |
| Commodities: | Copper-Lead-Zinc-Silver-Nickel-Cobalt | |
| Date: | 8/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-8-2019: PJX Resources Inc. announces an Exploration/Drilling Update report for its Vine deposit at the Vine project. Drilling results incl. 1.4m @ 0.52% Cu, 0.63% Pb, 0.45% Zn, 7.6g/t Ag, 195ppm Ni, 263ppm Co. Toronto, Ontario – August 19, 2019 – PJX R | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dave Pighin, John Keating (Internal) | |
| ABSTRACT: | Toronto, Ontario – August 19, 2019 – PJX Resources Inc. (“PJX” or “the Company”) is pleased to announce that recent drilling intersected a zone with multiple layers of massive sulphide mineralization on the Vine Property in the historical Sullivan Mine District near Cranbrook, British Columbia Canada. “Hole VA19-48 intersected 4 layers of massive sulphide mineralization in a zone from 777.1 to 782.6 metres,” states Dave Pighin. “The massive sulphide layers are 0.4m, 1.4m, 0.6m and 1.1m thick and consist of mainly pyrrhotite, minor chalcopyrite, galena and sphalerite. The massive sulphides are interlayered with a band of calcite and strongly biotitized, sericitized and albitized sediments. In the core, the massive sulphide and alteration zone appear to parallel bedding. The 1.4 metre massive sulphide layer graded 5177 ppm (0.52%) copper, 6320 ppm (0.63%) lead, 4526 ppm (0.45%) zinc, 7.6 ppm (7.6 g/t) silver with anomalous nickel 195 ppm and cobalt 263 ppm. “The chemical signature of the mineralization is consistent with sediment-hosted sulphide deposits in Belt Purcell rocks in Canada and the United States,” states Trygve Hoy. “This is only the second hole to test the large conductive Magnetotelluric (MT) geophysical target,” states John Keating. “The massive sulphide mineralization is strongly conductive and occurs at a depth that corresponds with the top side of the large MT target. There remains potential down-dip and on-strike with the massive sulphide zone. In addition, given the significant thickness of the MT target there is potential that additional conductive zones of mineralization may occur below the massive sulphide zone and were not intersected by the drill hole.” | |
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