PJX Resources Inc. | TSX-V: PJX

TSX-V: PJX

Building Resource Opportunity

Location

The road-accessible Zinger Property is located 24 km west of Cranbrook, British Columbia and covers 10,000 hectares over a 20 km strike length of favourable geology with gold deposit potential.

History

The 1860′s gold rush brought thousands of people to the Cranbrook area to placer mine the creeks for gold. To this day, small scale placer operations can be found along Perry Creek. Anecdotal data suggest that the Zinger Property was likely explored by prospectors for the bedrock source of the placer gold found in the creek as far back as the mid-1800s.

The earliest recorded work on the property was in the period between 1915 and 1921 on the Yellow Metal prospect.

Prospecting, geological mapping, soil geochemistry, and geophysics have since been carried out over various parts of the large Zinger Property. Sections of the property have been worked by a number of companies including Gallant Gold Mines Ltd. (1981),Trans-Arctic Exploration Ltd. and Fort Steele Grubstaking Syndicate (1985), Partners Oil & Minerals Ltd. (1987), Unique Resources (1987), Consolidated Ramrod Gold Corp. (1992), and National Gold Corp. (2000).

In 2003, Chapleau Resources Ltd. carried out rock grab sampling, soil geochemistry, and 20 diamond drill holes in localized areas. Hole Z-03-16 returned the best result of 0.484 g/tonne over 17.5 m. Limited trenching and geology was done by SG Spirit Gold Inc. (formerly Ruby Red Resources Ltd.) in 2009.

Exploration Potential

Gold in rock grab samples associated with quartz-sericite-carbonate veining can be traced for over 6 kilometres on the Zinger Property. Gold values range from being anomalous to over 30 g/t.

Surface mapping has identified several areas of open to relatively tight north-northeast (NNE) striking folds with axial planes dipping sub-vertical to steeply west, The NNE oriented 6 kilometre long trend of gold mineralization in surface rock grab samples appears coincident with the folding. Gold mineralized veins are hosted in sericite-carbonate altered Proterozoic aged Creston Formation quartzites, argillite, and siltstones.

A number of northwest (NW) trending faults cut the fold structures. Alteration (sericite-carbonate-quartz) mineralization locally extends south-southwest (SSW) from these NW-trending fault structures along the folds. These extensional faults appear to have served as conduits for up-flow of mineralizing hydrothermal solutions.

Two soil grids (East and West grids) were established approximately 900 metres apart to confirm the potential for gold mineralization in the Gold Run Lake area on the property. The East soil grid gold anomaly covers an area approximately 75 metres wide and 250 metres long with gold values ranging from 100 parts per billion (ppb) to 4,941 ppb (4.941 g/t) gold in the soil. The West soil grid gold anomaly covers an area approximately 100 metres wide by over 300 metres long with gold values ranging from 100 ppb to over 700ppb. Both gold anomalies are open along strike.

Mapping and VLF ground geophysics has identified slope dip structures that appear to correlate with the high gold values in soil. Stacked profiles of the soil and VLF signatures along grid lines demonstrate the apparent coincident nature of the geophysics and gold in soil. This correlation occurs across the entire length of both grids. The grids are 900 metres apart and this suggests that the VLF anomalies are stacked and that there may be more zones at depth.

Early Time VTEM conductivity data has identified areas in the rock that are more resistive (see blue areas on Early Time map). Resistive zones in rock can be associated with areas of increased quartz veining. Gold mineralization on the Zinger Property is associated with quartz veining. The Early time map shows the geophysical signature of rocks near surface. As the map displays, gold in rock samples taken from outcrops at surface are somewhat coincident with the near surface resistive zones. This correlation can be traced along the 6 km long gold in rock trend.

Late Time VTEM data shows the geophysical signature of rocks at depth. The Late Time conductivity map shows a large resistive zone at depth that is over 4 km long by 2 km wide (see blue area on attached Late Time map). This large resistivity anomaly correlates with the 6 km long gold in rock trend as well as other gold zones found on the Zinger property. The Company believes that this sizeable resistive zone represents a large slope dip structure at depth that may be an important controlling factor in the distribution and deposition of gold on the Zinger Property.

Zinger Property Map Zinger Location Map rock and soils. Zinger Map geology-Soils Gold Run Lake – West Grid gold soils.
Gold Run Lake – East Grid Gold Soils - 1. Gold Run Lake – East Grid Gold Soils - 2. Zinger Stacked Profile Line 4550. Zinger Series of Stacked Profiles - 1 Zinger Series of Stacked Profiles - 2 Stacked VLF and Gold Soil Profiles - 1 Stacked VLF and Gold Soil Profiles - 2 West Grid Gold in Soil West Grid VLF Anomaly Maps VTEM Earl Time VTEM Late Time

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Next Steps

Mapping has identified geological structures that appear to control the distribution and concentration of gold mineralization. VLF geophysics has identified slope dip anomalies that may represent slope dip structures associated with gold mineralization. Airborne VTEM geophysics has defined what the Company believes is a large slope dip structure at depth that expands the potential to have multiple gold deposits.

Gold mineralization may be more concentrated at depth where the potential slope dip structure intersects the vertical fold structures and/or favourable rock types for hosting gold. Next steps will include drilling to test shallow targets on the East and West gold in soil anomalies and deeper targets where the large slope dip VTEM anomaly intersects vertical folding.

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