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 14,000 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. It was reported that veins contained grades in chip samples up to 6.5 g/tonne gold and 7 g/tonne silver.

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

Bedrock grab samples have identified gold mineralization over an area 8 km long and 2 km wide on the Property. Since 2008, approximately 1380 grab samples of bedrock have been collected and analyzed. Approximately 750 samples reported analyses above 20 ppb gold including:

  • 86 samples ranging from 0.5 g/t to 1.0 g/t,,
  • 101 samples ranging from 1.0 g/t to 5.0 g/t, and
  • 37 samples were equal to or greater than 5.0 g/t gold.
  • The highest value reported is 39.6 g/t gold.

The mineralized area is predominantly underlain by Proterozoic aged Creston Formation quartzites, argillites and siltstones. The characteristics common to sample sites include: sericite-quartz-pyrite alteration; multiple veins sets on the millimetre and centimetre scale; brick red hematite staining; extensive silicification. The veins are antitaxial, and are consistent with multiple episodes of crack-seal development.

At one locality, an anomalous exposure was pressure-washed and channel sampled in an effort to better understand the distribution of gold within the exposure. One channel, cut oblique to bedding and across intense micro-veining and alteration produced higher grade values up-to 11.70 g/t gold. This oblique angle to bedding may indicate a preferred structurally controlled orientation for gold mineralization.

Airborne electromagnetic (EM) and magnetic geophysical surveys were undertaken by Aeroquest in the Heart Lake area in 2010 and a follow-up VTEM survey by Geotech (2011) covered most of the 8 km long trend of gold in rock samples. The VTEM EM survey identified resistive zones that appear to correlate with the majority of the gold mineralization. In addition, the airborne magnetic data has identified a 5 kilometre long magnetic trend that is somewhat coincident with the trend of gold analyses in rock.

Surface mapping has identified several areas of open to relatively tight folds (see Heart Lake area geology map). The fold axial planes generally dip steeply west producing areas tens of meters in width with apparent shallow dipping or “flat-lying” stratigraphy. Folds axes plunge variably to the north-north-east (NNE) at approximately 15 degrees. The NNE oriented 8 kilometre long trend of gold mineralization in surface rock grab samples appears to be coincident with the folding (see Heart Lake Rock Geochemistry map).

A number of northwest (NW) trending faults cut the fold structures. Alteration (sericite-carbonate-quartz) with associated fold mineralization locally extends generally 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.

PJX drilled hole ZG12-02 to test the fold structure and to explore the down dip extension of mineralization intersected in hole Z-03-16 drilled by Chapleau Resources in 2003 (see Hole ZG12-02 cross section). Hole ZG12-02 intersected 2.92 g/t gold over 2 m within a broader interval of 0.50 g/t gold over 22.38 m from a depth of 2.62 m (bedrock) down to 25 m. Additional anomalous gold mineralization was intersected sporadically in the 188 m long hole, including a 9 m section with a weighted average grade of 0.38 g/t gold from 158 to 167 m. The gold mineralization appears to be associated with quartz veining and/or flooding in folded and sheared siltstones and argillites. The sediments are variably silicified and altered with sericite, chlorite and iron-carbonate.

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. Highly anomalous soil results ranging up to 743 ppb and 4941 ppb (equivalent to 4.9 g/t gold were encountered on the West and East grids respectively.

The soil geochemistry surveys produced gold anomalies that appear to coincide with established geological trends and structures. The soil anomalies occur on strike with the 8 km long trend of gold mineralization in bedrock grab samples. The gold anomalies have never been trenched or drilled and extend off the limits of the grids.

The East and West grids are underlain by Proterozoic age quartzites and argillites. Gold mineralization appears to occur where the sediments have been folded and/or faulted by extension and thrust faults.

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

Click Photo To View Album

Next Steps

Mapping has identified geological structures that appear to control the distribution and concentration of gold mineralization. Drilling has shown that gold mineralization can occur over wide intervals. Surface sampling has outlined an 8 km long trend of gold in rock grab samples with untested highly anomalous zones of gold in soils.

Multiple target areas with gold deposit potential have been identified on the large 20 km long Zinger Property. Additional sampling, geophysics and/or mapping are planned to define trenching and drill hole locations for testing the targets. Exploration results will continue to be compiled with historical data to define additional targets at depth and on strike with existing gold zones.

Hole ZG12-02 cross section

Sections And Plan Maps For The 2012 Drilling Program On The Zinger Property

Trench samples suggest preferred orientation for gold mineralization

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