The Conversation (0)
Four large geophysical anomalies that may represent porphyry style gold-copper deposits and/or possible Sullivan type silver-lead-zinc deposits have been discovered on the PJX Resources Inc. (TSXV:PJX) Eddy Property thru recent processing of the electro-magnetic (EM) data from a 690 km VTEM airborne geophysical survey over the property.
As quoted in the press release:
Three of the targets have EM conductivity responses without a Mag signature. This type of EM response could be related to graphite in sedimentary rocks or may be related to areas of more intense clay alteration associated with porphyry gold and/or copper deposits. The porphyry potential is also supported by the presence of:
– an area 3 kilometres in diameter that has localized argillic, sericite and/or iron-carbonate alteration in bedrock,
– iron-oxide breccias occurring along major fault structures, and
– historical showings with anomalous gold or copper associated with quartz breccias.The fourth target has coincidental Mag and EM conductivity responses. This combination of responses supports the potential for a massive sulphide deposit similar to the Sullivan Mine. The Sullivan Mine contained over 120 million tonnes of lead-zinc-silver ore. It was mined for over 90 years by Teck Cominco prior to being closed in 2001. PJX’s fourth target is located 25 kilometres south of the Sullivan mine in a similar geological environment.
Click here to read the PJX Resources Inc. (TSXV:PJX) press release
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