PJX Resources Inc. | TSX-V: PJX

TSX-V: PJX

Building Resource Opportunity

Location

The road accessible Eddy Property is located 14 kilometres south west of Cranbrook, British Columbia. The 7,101 hectare property comprises 31 contiguous mineral claims.

History

The Eddy Property is located within the Kimberley Gold Trend on the north flank of a placer producing creek called Moyie Creek.

Prospecting and geological mapping by SG Spirit Gold Inc identified a succession of gold-mineralized quartz veins which occur along shear zones within the fold hinge of a regional anticline that is at least 9.5 km long on the property. A total of 64 grab samples of bedrock have returned values ranging from 1 to 57 g/t Au and demonstrate the potential for high-grade gold concentrations along the shear zones.

In October, 2010, PJX contracted Aeroquest Airborne to conduct detailed 75 m line-spacing airborne geophysical (Electromagnetic and Magnetic) test surveys over 2 separate parts of the Eddy Property.

Eddy Property Map Eddy location map with shear zone Eddy Property Geology Map Eddy Property B Field

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Exploration Potential

The Eddy Property covers a succession of gold-mineralized quartz veins which occur along shear zones within the fold hinge of a regional anticline that is at least 9.5 km long. A total of 64 grab samples of bedrock have returned values ranging from 1 to 57 g/t Au and demonstrate the potential for high-grade gold concentrations along the shear zones.

The fold hinge and associated shears are breached by placer-bearing streams (e.g. Weaver Creek) that flow southeast or south into the Moyie River, site of historical placer operations. Visible gold in shear-related quartz veins is commonplace, suggesting the shear zones may be the source of the placer gold. Alteration assemblage on the Eddy Property consists of quartz-sericite-pyrite-Fe carbonate, similar to the Dewdney Trail Project.

Prime geological targets for ore-body sized gold concentrations may occur at offsets along the Old Baldy shear fault system which traverses the Eddy Property for a distance exceeding 10 km. Several offsets in the fault system are consistent with releasing bends where shoot-like dilation zones for hosting gold may exist.

Next Steps

PJX plans to explore the Eddy Property to determine whether it may have been a source for placer gold in Moyie Creek.

The airborne test surveys that were flown on parts of the Eddy Property will be used to determine if airborne geophysics can identify off-set areas in the shear zones that could host gold deposits. The results of these surveys will be compiled with existing geological data to identify potential targets for follow-up and to determine if the remainder of the Eddy Property should be flown in the future.

Contact Us
Phone: 416.799.9205
Fax: 416.644.8801
Email: info@pjxresources.com
Office
5600 – 100 King Street West
Toronto, Ontario, M5X 1C9
Canada