PJX Resources Inc. ('PJX') is pleased to announce that results from Vancouver Petrographics' ('VanPetro') thin section and polished section analyses of rock samples from the Estella Basin support porphyry copper-gold deposit type potential on the Dewdney Trail Property.
Deposit potential is also supported by large (5 km diameter) ring features in airborne magnetic data that may define the margins of collapsed plutons at depth. Porphyry copper-gold deposits often occur above and along pluton margins.
Porphyritic intrusions (alkalic porphyries, felsitic rhyolite, trachylatite), breccias, meta-sediments, carbonates, plus quartz-filled veins comprise the various Estella Basin samples that were analyzed by VanPetro laboratory. Typical porphyry deposit alteration assemblages (Ca-Mg-Fe-carbonates, pyrite, epidote, sericite, chlorite) as well as disseminated and vein copper minerals were identified and are similar to those that characterize alkalic porphyry copper-gold deposits.
The Estella Basin target area, with gold-copper-silver mineralization related to alkalic intrusions, is one of a number of target areas on PJX Resources 116 km-2 Dewdney Trail Property in the Sullivan Mining District.
John Keating, President of PJX commented: 'It has taken 10 years to consolidate the mineral rights to the Dewdney Trail Property and the historical Estella mine. Geological and geophysical data combined with copper and gold mineralization in soils and porphyry intrusions at surface all support the potential to discover porphyry type deposits on the Dewdney Trail Property. There are multiple drill ready targets that we plan to test for the first time this year.'
Factors supporting porphyry deposit potential include:
Differentiated intrusions with porphyritic rock types ranging from syenite to granodiorite in composition.
Hydrothermal breccias.
Copper sulphide and pyrite mineralization in veins and disseminated in the fine-grained groundmass of various porphyry phases.
Clustering of multiple and varied intrusions.
An exposure level that indicates only the top of some intrusions are exposed. This supports the potential for additional mineralization at depth.
Airborne geophysical Magnetic and EM signatures of the intrusions that are similar to known porphyry copper-gold deposits elsewhere in the world. These include large ring features (5 km across) that may represent the margins of multiple plutonic phases (magmatic centers) at depth that could generate porphyry and intrusion related deposits.
Large coincident soil geochemical anomalies of gold, copper, arsenic, molybdenum and other metallic elements associated with mineralized intrusions and geophysical targets.
PJX Resources Inc. ('PJX') is pleased to announce that results from Vancouver Petrographics' ('VanPetro') thin section and polished section analyses of rock samples from the Estella Basin support porphyry copper-gold deposit type potential on the Dewdney Trail Property. Deposit potential is also supported by large (5 km diameter) ring features in airborne magnetic data that may define the margins of collapsed plutons at depth. Porphyry copper-gold deposits often occur above and along pluton margins.
Porphyritic intrusions (alkalic porphyries, felsitic rhyolite, trachylatite), breccias, meta-sediments, carbonates, plus quartz-filled veins comprise the various Estella Basin samples that were analyzed by VanPetro laboratory. Typical porphyry deposit alteration assemblages (Ca-Mg-Fe-carbonates, pyrite, epidote, sericite, chlorite) as well as disseminated and vein copper minerals were identified and are similar to those that characterize alkalic porphyry copper-gold deposits.
The Estella Basin target area, with gold-copper-silver mineralization related to alkalic intrusions, is one of a number of target areas on PJX Resources 116 km-2 Dewdney Trail Property in the Sullivan Mining District.
John Keating, President of PJX commented: 'It has taken 10 years to consolidate the mineral rights to the Dewdney Trail Property and the historical Estella mine. Geological and geophysical data combined with copper and gold mineralization in soils and porphyry intrusions at surface all support the potential to discover porphyry type deposits on the Dewdney Trail Property. There are multiple drill ready targets that we plan to test for the first time this year.'
Factors supporting porphyry deposit potential include: Differentiated intrusions with porphyritic rock types ranging from syenite to granodiorite in composition.
Hydrothermal breccias.
Copper sulphide and pyrite mineralization in veins and disseminated in the fine-grained groundmass of various porphyry phases.
Clustering of multiple and varied intrusions.
An exposure level that indicates only the top of some intrusions are exposed. This supports the potential for additional mineralization at depth.
Airborne geophysical Magnetic and EM signatures of the intrusions that are similar to known porphyry copper-gold deposits elsewhere in the world. These include large ring features (5 km across) that may represent the margins of multiple plutonic phases (magmatic centers) at depth that could generate porphyry and intrusion related deposits.
Large coincident soil geochemical anomalies of gold, copper, arsenic, molybdenum and other metallic elements associated with mineralized intrusions and geophysical targets.
VanPetro's assessment indicates that this is a micro-fractured porphyritic quartz-bearing syenite dominated by fine to very coarse, subhedral to euhedral K-feldspar phenocrysts (in places, replaced by calcite), intergrown with accessory plagioclase phenocrysts and quartz, floating within a groundmass that is dominated by K-feldspar, intergrown with plagioclase, quartz, muscovite flakes, plus minor apatite and scattered calcite spar. Pyrite, chalcopyrite (copper sulphide) blebs and hematite are scattered in the groundmass. Discontinuous veinlets, crosscutting phenocrysts and groundmass are filled with calcite and quartz. A separate grab sample of this phase of porphyry with quartz veins analyzed 6.9 g/t gold, 447 g/t silver, 1.1% copper.
Estella Basin's First target to test is the syenite/alkalic intrusion associated with gold, copper and silver mineralization discovered last year. Intrusion appears as a magnetic high (red colour).
Two large ring features in the magnetic data (approximately 5 km across) outline what may be the outer margins of multiple collapsed plutons at depth that could generate porphyry copper-gold type deposits.
The possible plutons (magmatic centres) are aligned along a major north trending overturned anticline fold axis that would provide loci for plutons.
Note how the syenite/alkalic porphyry intrusions and donut shaped magnetic anomaly occur along the ring features. Porphyry copper-gold deposits are known to occur along the margin of plutons.
About PJX Resources Inc.
PJX is a mineral exploration company focused on building shareholder value and community opportunity through the exploration and development of mineral resources with a focus on gold, silver and base metals (zinc, lead, copper, nickel). PJX's properties are located in the historical Sullivan Mine District and Vulcan Gold Belt near Cranbrook and Kimberley, British Columbia.
Contact:
Tel: (416) 799-9205
Email: info@pjxresources.com
Cautionary Note Regarding Forward-Looking Information
The information in this news release has been prepared as at the date noted above. Certain statements in this news release, referred to herein as 'forward-looking statements', constitute 'forward-looking statements' under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as 'expected', 'may', 'will' or similar terms.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by PJX Resources Inc. as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, PJX Resources Inc. expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in PJX Resources Inc.'s expectations or any change in events, conditions or circumstances on which any such statement is based.
Cautionary Note to US Investors
This news release may contain information about adjacent properties on which PJX Resources Inc. has no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
This press release uses the terms 'Measured', 'Indicated', and 'Inferred' resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. 'Inferred Mineral Resources' have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.
PJX RESOURCES INC. 
