Zinger Property

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 and copper 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


Since the start of consolidating the mineral title to the Zinger Property, PJX has compiled historical data, identified data gaps and infilled those gaps with mapping, prospecting, soil and rock geochemical surveys, airborne and ground geophysical surveys, and targeted drilling campaigns to help define and prioritize target areas.

Two large gold target areas have been identified to date. The South Target Area and Northwest Target area – see map. Additional gold and copper mineralization potential exists outside these 2 areas on the property. These other areas are at a less advanced stage of exploration.

South Target Area


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

Gold trend appears to coincide with the first phase of folding (“F1”) where open to relatively tight north-northeast (“NNE”) striking folds have axial planes dipping sub-vertical to steeply west. Gold mineralized veins are hosted in sericite-carbonate altered Proterozoic aged Creston Formation quartzites, argillite, and siltstones.

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.

The jntersection of F1 folding by a second phase of folding (“F2”) striking NNE with shallow southeast dipping axial planes may influence the location of higher gold grades.

High gold values in soils occur locally. Two soil grids (East and West grids) have gold values ranging up-to 4,941 ppb (4.941 g/t) gold in the soil.

Early Time VTEM airborne survey conductivity data suggests surface gold mineralization appears to be associated with resistive zones that could reflect quartz flooding and veining.

Late Time VTEM data shows the geophysical signature of rocks at depth and suggests that a larger resistive zone occurs at depth and may reflect an area with increased F2 folding and possible increase in gold mineralization. Where this larger resistive zone intersects F1 folding at depth will be the focus of future exploration in the South Target area on the Zinger Property.

  • VTEM Earl Time

  • VTEM Late Time

  • Zinger Map geology-Soils

  • Gold Run Lake – West Grid gold soils

  • Gold Run Lake – East Grid Gold Soils – 2

  • Gold Run Lake – East Grid Gold Soils – 1

  • Zinger Stacked Profile Line 4550

  • Zinger Series of Stacked Profiles – 2

  • Zinger Series of Stacked Profiles – 1

  • West Grid Gold in Soil

  • Stacked VLF and Gold Soil Profiles – 1

  • Stacked VLF and Gold Soil Profiles – 2

  • West Grid VLF Anomaly Maps

Northwest Target Area


Intrusive related gold mineralization occurs along a 10 km trend on this part of the Zinger Property.

Grab samples of quartz veins in a granitic intrusion, called the Gar target, returned gold values ranging from anomalous to 28,841 ppb (28.84 g/t) gold.

A pre-PJX historical 1,600 m long gold in soil anomaly occurs over the Gar Intrusive. The intrusive is largely covered by overburden and has not been drill tested.

The style of gold mineralization and intrusive appear somewhat similar in type to the Fort Knox gold deposit in Alaska. Fort Knox and the Gar intrusive target both have visible gold that occurs mainly in sheeted veins within Cretaceous granite that intrudes Proterozoic sedimentary rocks. Veins in both areas are influenced by regional northeast oriented structures and east-west and northwest trending faults. The sulphide content of veins is low in both the Fort Knox and the Gar intrusive, and gold mineralization is associated with elevated bismuth, molybdenum and tungsten. Associated hydrothermal alteration is not significant in either area.

Fort Knox has produced 7.5 million ounces of gold since 1969. Fort Knox host granite has a surface exposure of approximately 1100 by 600 meters, comparable to the PJX Gar intrusive target area of approximately 1200 by 500 meters.

Airborne geophysical survey flown by Expert Geophysics has defined a magnetic low core to the GAR intrusive rimmed by more magnetic material. A larger magnetic low rimmed by more magnetic material has been identified adjacent to the large GAR intrusive target and may represent a second larger gold mineralized intrusion. The second larger magnetic target has an elongated shape trending north to northeast which is similar in orientation to gold bearing sheeted veins in the GAR intrusive.


Next Steps


South Target Area

Airborne geophysics has identified an area at depth where gold may be concentrated by the intersection of 2 phases of folding and cross faults. There is potential along the 6 km trend to discover multiple gold deposits. Rock units potentially favourable to host gold need to be mapped and projected to depth where the 2 phases of folding may intersect. These areas at depth should be targeted by drilling close to cross faults that have the greatest carbonate-sericite alteration.

Northwest Target Area

Airborne magnetotelluric and magnetic survey results along with follow-up mapping and prospecting are planned to help define targets to drill.