Webmaster

Geological and Geophysical Data Define Vectors to a Potential Sullivan-Type Massive Sulphide Target on PJX Resources’ DD Property

Toronto, Ontario – April 24, 2018 – PJX Resources Inc.’s (“PJX”) is pleased to announce that geological and geophysical data define vectors to a potential Sullivan Type massive sulphide (zinc-lead-silver) target on its DD Property, located approximately 35 kilometres southwest of Cranbrook, BC. See PJX’s website for additional information.

“Historical drilling adjacent to the DD Property define geological and geochemical vectors for a potential Sullivan-type system, which increase toward the DD Property,” states Dave Pighin, PGeo for PJX Resources. “The Sullivan deposit occurs at a geological time called the Sullivan Horizon. The thickness, alteration and anomalous zinc-lead concentrations of the Sullivan Horizon progressively increases in intensity the closer holes are drilled to the DD Property. A similar increase in thickness, alteration and anomalous zinc-lead concentrations in the Sullivan Horizon occurs in proximity to the Sullivan Deposit.”

“The Magnetotelluric (MT) geophysical survey carried out by Quantec Geoscience on the DD Property has defined a MT anomaly that appears to coincide with the anticipated depth of the favourable Sullivan Horizon,” states the President and CEO of PJX, John Keating. “The Sullivan deposit contained iron sulphides that could be detected by an MT survey and cause an MT anomaly. The MT anomaly on the DD Property occurs on two widely spaced lines, 700 metres apart, and is open to the north and south. The DD Property MT anomaly is at a depth and a size that supports the potential for a Sullivan Type target.”

DOWNLOAD Presentation

 

PJX Resources Inc – dd-maps-and-sections

 

/0 Comments/by
Webmaster

General Moly spots Cu-Ag target at Mt. Hope

LAKEWOOD, COLO. — General Moly Inc. reported March 1 that has identified a potential high-grade, copper-silver exploration target along with a significant zinc mineralized area at the Mt. Hope Project site, southeast of the Mt. Hope’s molybdenum deposit in central Nevada.

A review of historic drill results and a geophysical survey of Mt. Hope form the basis to commence a robust geologic review and further evaluation via a new 2018 exploration program, focused primarily on a high-grade copper-silver target, subject to further financing.

The Mt. Hope molybdenum project is 21 miles north of Eureka and has approximately 65 percent of engineering completed with no current engineering work in progress, while it is undergoing final phases of permitting to reobtain its water permits and record of decision. The company also wholly owns the Liberty Project, a molybdenum and copper property in central Nevada. Molybdenum is a metallic element used primarily as an alloy agent in steel manufacturing and in the chemical and petrochemical industries.

Because of the copper-silver target and zinc mineralization, General Moly undertook a high-intensity, ground-based induced polarization survey to determine if potential continuity and the size of the mineralization would justify additional exploration and evaluation. The IP survey was completed in February 2018 by Quantec Geoscience and indicates a fairly continuous group of high chargeability anomalies that appear aligned with the recently identified copper-silver target.

/0 Comments/by
Webmaster

Magnetotelluric (MT) Survey Completed on PJX Resources’ DD Property

Toronto, Ontario – March 05, 2018 – PJX Resources Inc. (“PJX”) is pleased to announce that Teck Resources Limited (“Teck”) has completed a Magnetotelluric (MT) geophysical survey which identified a conductive anomaly in a geological environment favourable to host a Sullivan Type deposit on the DD Property located in the Cranbrook area of British Columbia.

The MT survey carried out by Quantec Geoscience for Teck has defined a MT anomaly that appears to coincide with the anticipated depth of the Sullivan horizon. The anomaly occurs on the DD Property within a sedimentary basin called the Panda Basin that is geologically similar to the Sullivan Basin hosting the Sullivan deposit located about 45 km to the north. Teck is assessing the MT target for drilling and is in the process of applying for the relevant permits.

“Historical drilling by other companies in the Panda Basin indicates that the Sullivan time sedimentary horizon that hosts the Sullivan deposit increases significantly in thickness and anomalous zinc-lead mineralization the closer drilling gets to the DD Property”, states Dave Pighin, PGeo for PJX Resources. “This increasing thickness is similar to what occurs at the Sullivan Deposit in the Sullivan Basin. The Sullivan horizon is approximately 2 m thick at about 8 km from the Sullivan deposit and increases to over 60 m thick at the deposit. The thickness of the Sullivan time horizon in the Panda Basin is much greater than the Sullivan Basin. A series of 4 widely spaced historical holes drilled in the Panda Basin show that the Sullivan time horizon is 43m thick with 3.5m of anomalous zinc and lead mineralization at about 5.5km from the DD Property (Drill Hole L80-1). The Sullivan horizon and anomalous mineralization increase in thickness the closer drilling gets to the DD Property. The closest hole (IR07-1) drilled adjacent to the DD Property intersected over 194m of Sullivan horizon with 36m of geochemically anomalous zinc and lead.”

/0 Comments/by
Webmaster
,

LEXI Announces Positive Geophysical Results Interpreted as a Thick, Continuous Brine Discovery at Antofalla Salar

TORONTO, March 27, 2018 (GLOBE NEWSWIRE) — Lithium Energi Exploration, Inc. (TSXV:LEXI) (“LEXI” or the “Company”) is pleased to announce positive results from its initial geophysical surveys on each of the first three concessions studied in the northern section of its holdings in the Antofalla Salar.  Interpreted brine horizons were detected throughout the entire 80 km2 area of these concessions, inferring the possibility that lithium-bearing brine exists beneath the properties in the northern area of the Antofalla Salar. The survey results received to date indicate that conductive horizons have been detected from just below surface to as much as 400 meters in depth.

LEXI’s Director of Exploration, Miles Rideout, noted, “Having conducted or supervised the acquisition of thousands of kilometers of TEM soundings in brine environments over the last thirty years, I’m pleased to report that the initial geophysical results exceeded our expectations. The highly conductive units encountered correlate with known brine aquifers and these data allow us to follow these target zones under areas of thick cover.”

/0 Comments/by
Webmaster
,

BELMONT RECEIVES RESULTS OF MAGNETOTELLURIC (MT) SURVEY ON THE KIBBY BASIN – NEVADA LITHIUM PROPERTY

 

Vancouver, B.C. Canada, March 1, 2018 – Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1; DTC Eligible – CUSIP 080499403); (“Belmont”, or the “Company”)

Further to our news release of January 23, 2018 in which Belmont announced the commencing by Quantec Geoscience Limited (“Quantec”) of the Spartan AMT/MT Survey.

Belmont is pleased to announce the receipt of the Geophysical Report for Spartan Magnetotelluric (MT) Survey over the KibbyBasin property, carried out by Quantec. The survey covered most of Belmont’s Kibby Basin-Nevada claims and included the playa basin area as well as some of the adjoining higher level lands.

The MT survey and 3D inversion report clearly mapped a more conductive zone at many of thesurvey stations. This variation of the resistivity at depth is interpreted by Quantec as being a potential contact with sub-surface brine that may contain lithium.

The results of the MT survey are a critical source of information and provides a vital step that allows Belmont to select the most prospective locations and higherprobability brine aquifer targets for the next phase of drilling in 2018. Locations where the potential brine contacts are closest to the playa surface are being considered by Belmont as themost favourable targets.

The survey was completed in January, 2018 by field staff from Quantec and measured MT data at a total of 49 sites distributed along an XY grid with a site separation of 1000 metres, comprising approximately 36 square kilometers. The MT data were analyzed using 3D inversion which provides Belmont with a 3D model of the property from the surface down to 3 kilometers depth.

The results of the Quantec MT survey correlated well with information previously obtained from the gravity survey modeling (Wright Geophysics -2016). Quantec’s MT survey results clearly map a more conductive zone beginning at approximately 500m depth.

/0 Comments/by
Webmaster
,

General Moly announces follow-up targetting

General Moly to Explore for Copper, Silver and Zinc at Mt. Hope Project

– Historical Drill Intercepts Indicate Potential For High-Grade, Copper-Silver Target

– New Results from Geophysical Survey Highlight Anomalies for Follow-Up Drilling

LAKEWOOD, Colo., March 1, 2018 /PRNewswire/ — General Moly, Inc. (the “Company” or “General Moly”) (NYSE American and TSX: GMO), the only western-exchange listed, pure play molybdenum development company, reports that based on a review of historic drill results, the Company has identified a potential high-grade, copper-silver exploration target along with a significant zinc mineralized area at the Mt. Hope Projectsite, southeast of the Mt. Hope’s molybdenum deposit in central Nevada.

Given the presence of this copper-silver target (“Cu-Ag Target”) and zinc mineralization, General Molyundertook a high-intensity, ground-based Induced Polarization (“IP”) survey to determine if potential continuity and the size of the mineralization would justify additional exploration and evaluation. The IP survey was completed in February 2018 by Quantec Geoscience and indicates a fairly continuous group of high chargeability anomalies that appear aligned with the recently identified Cu-Ag Target.

These anomalies lie between 100 feet and 1,000-plus feet from the surface and trend northeast for over 1,000 feet. The IP survey indicates that the anomalies could continue further to the north-northeast and to the south where they appear to dip to the east.

Ground IP Survey Results Highlights

The IP survey, which focused on the Cu-Ag Target, comprised six lines each of a 2,400-foot length with 2 lines running SW to NE (lines 1 and 6) and 4 lines (lines 4, 3, 2 and 5) running SE to NW and perpendicular to lines 1 and 6.

The survey found an anomalous high chargeability zone located at between 100 to 1,000 feet of depth with thicknesses between 200 and 800 feet, up to 1,000 feet of width and measuring over 1,000 feet trending north-northeast. (Please refer to the cross section of Line 3 shown below and to Appendix Illustration 2. High chargeability is indicated by the orange, red and pink colors.)

 

In addition, results from all the IP lines indicate that the anomalous zone remains open at depth. Parallel IP lines 1 and 6 also indicate that the anomalous zone appears to trend to the northeast dipping towards the southwest, remaining open.  Based on the IP results and historic drilling data, the Cu-Ag Target appears to lie at a 40-degree angle down dip.
/0 Comments/by
Webmaster

Client Feedback is Positive

“The entire survey process from planning to the end product was professionally executed throughout. Particularly impressive was the team and work ethic in the field. Quantec isn’t cheap, however the product justifies the expense, and we now have a series of high quality exploration targets to drill test. We won’t hesitate to use Quantec again in the future.”

 

Fabian Baker, Chief Operating Officer, Tethyan Resources  February 6, 2018

/0 Comments/by
Webmaster
,

Deep-penetrating geophysics to probe Belmont Resources’ Nevada lithium project

Now being mobilized, an electromagnetic survey will help target brine aquifers on Belmont Resources’ (TSXV:BEA) Kibby Basin property. The company describes Quantec Geoscience’s Spartan AMT/MT method as “a full tensor magnetotelluric technology that acquires resistivity data in the 10 kHz to 0.001 Hz frequency band. The result is a measurement that is applicable from near-surface to potential depths of three kilometres or more.” Belmont credits Quantec with over 5,000 geophysical programs in over 50 countries.

/0 Comments/by
Webmaster
,

BFG Consultant for KORE Mining reacts to recent MT Data acquisition project.

“That data looks fantastic!

Thank you for all your efforts, and thank the crew as well.  They did a great job on this project.”

 

Brian Bengert, President of BFG consulting.

BFG Consulting specializes in  geophysical consulting for base metal and gold exploration mineral exploration companies.

/0 Comments/by
Webmaster
,

SIERRA METALS DISCOVERS SEVERAL WIDE, HIGH-GRADE COPPER STRUCTURES IN THE FIRST FOUR HOLES DESIGNED TO TEST TITAN GEOPHYSICAL TARGETS

Toronto, ON – October 4, 2017 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE American: SMTS) (“Sierra Metals” or “the Company”) is pleased to announce the initial results of the drilling program designed to test the anomalies of the Titan 24 Geophysical Survey recently completed on the Bolivar Property, Chihuahua, Mexico. The Titan 24 survey was completed to follow up on geophysical, geological and geochemical anomalies identified on the Bolivar Property by Sierra Metals Inc. The Bolivar Property is situated within the Piedras Verdes Mining District, which is located within the major north-northwest trending Sierra Madre Precious Metals Belt extending across the states of Chihuahua, Durango and Sonora in northwestern Mexico.

Alonso Lujan, Vice President, Exploration for Sierra Metals commented: “The Titan 24 survey highlighted over 40 specific areas of interest requiring further investigation and follow up. The 3D inversion modelling of the data provided an excellent tool for further exploration and highlights the overall structure below the deposit, in addition to similar structures and mineralization to the north of the deposit.”  He continued, “The company began the first phase of a drilling program to test the most promising anomalies and drilled the first four holes.  The results were very positive as indicated in Table 1 and 2 below and therefore the potential remains open for further exploration in these areas and the other multiple geophysical anomaly targets.”

Igor Gonzales, President and CEO of Sierra Metals stated “The results of the Titan 24 program and the subsequent assay results are exceptional and reflect a high correlation between copper mineralization and the priority targets identified in the geophysical survey.  We are excited about the prospects of drilling all the priority geophysical targets and the completion of follow-on drilling on these new discoveries.  This program aims to potentially quantify new high-grade zones which is a key strategic objective for our Bolivar mine to better define a path to future development and growth at the Bolivar operations”. He concluded, “We are encouraged by the exploration potential that these results are showing which could lead to further value growth for Sierra Metals in Mexico.”

 

Visit full press release:

http://www.sierrametals.com/investors/news-releases/press-release-details/2017/Sierra-Metals-Discovers-Several-Wide-High-grade-Copper-Structures-in-the-First-Four-Holes-Designed-to-Test-Geophysical-Targets-at-the-Bolivar-Property/default.aspx

/0 Comments/by