PJX Resources Inc.(TSXV:PJX) announced the latest updates from the exploration program at its Dewdney Trail property. PJX completed a preliminary exploration program at the property at the end of 2011. They hope to commence drilling and trenching at the property this year.
As quoted in the press release:
Trenching and trail building show that the quartzite and interbedded argillite unit can be over 250 metres in true width. Areas in the unit with more intense quartz-sericite-carbonate alteration and quartz veining consistently host anomalous gold mineralization ranging from 10ppb to over 10 g/t gold. There are at least three separate vein/fracture orientations. Two are orientated perpendicular to bedding and dipping shallowly to the north or sub-vertically to the south. One less obvious vein/fracture set is sub-parallel to bedding. Visible gold can be found locally in quartz veins and along fracture surfaces in the quartzite beds.
PJX, President and CEO, John Keating, said:
We are looking forward to a very successful 2012 exploration season. Our recent results confirm that gold has been introduced into the rocks over wide areas on the Dewdney Trail Property. Our enhanced understanding of the factors controlling the gold mineralization will help focus exploration activities to increase the potential to discover a gold deposit.