Mr. John Keating reports:
TORONTO, ON / ACCESSWIRE / December 3, 2020 / PJX Resources Inc. (TSXV:PJX) (“PJX”) is pleased to announce the final results from an approximate 33 line-kilometer Titan magnetotelluric (“MT”) ground geophysical survey by Quantec Geoscience over PJX’s DD Property and adjacent Moby Dick and NZOU properties. PJX (50%) and DLP Resources Inc. (“DLP”) (50%) have jointly acquired the mineral rights to the NZOU and Moby Dick Properties. DLP contracted Quantec to do the MT survey as part of DLP’s option agreement to earn an interest in PJX’s DD Property.
John Keating, President and CEO of PJX, commented, “This is very encouraging news. Only 3 holes (Pan18-01-Ex, Irish05-01 and IR07-01) have tested the favourable Sullivan Horizon on the 3 properties. All 3 holes intersected a geological environment that supports the potential for a Sullivan-type deposit. The MT survey has identified a large highly prospective target area that has not been drilled and could host conductive massive sulphide mineralization similar to what occurs at the Sullivan deposit. Figure 5, shows the significant size of the target area in relation to the footprint of the Sullivan deposit. We are pleased that DLP wants to continue with the option to earn an interest in the DD Property and that they plan to drill an additional 10,000 to 12,000 m to test these targets.”
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