Cranbrook Area

PJX has 8 gold, silver and base metal (zinc, lead, copper) properties in the Cranbrook area of south-eastern British Columbia, Canada. Gold discoveries on the large Dewdney Trail, Zinger, and Eddy-Gold Shear Properties, zinc-lead mineralization on the Vine Property, and sediment-hosted copper mineralization on the Parker Copper Property are the primary focus of exploration for the company. Teck Resources Limited is exploring PJX’s DD Property that has potential to host a Sullivan zinc-lead-silver type of deposit.

The Cranbrook area is one of the most important mineral areas in Canada, having produced 8,500,000 tonnes of lead, 8,000,000 tonnes of zinc, and 9,000 tonnes of silver, nearly all of it from the historical Sullivan mine at Kimberley. Other small base metal producers include the Kootenay King, Estella and Bull River mines in the Hughes Range and the Stemwinder, North Star and St. Eugene mines south of the Sullivan mine in the Purcell Mountains. Together these smaller deposits account for about 3,000,000 tonnes of metal.

Placer gold provided the first exploration interest in the area starting in the mid to late nineteenth century, with deposits on the Wild Horse River proving large and profitable. Perry Creek and the Moyie River, on the Purcell Mountains side of the trench, were also profitable and small operations on each of these water courses continue today; 150 years after discovery. Anecdotal information suggests at least 1.5 million ounces (46.7 million grams) of gold have been recovered; however, no corresponding lode deposits of any size have been discovered, suggesting the gold potential of the Cranbrook Area has undeveloped potential.