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  • Discovery of a Potential New Gold Camp in a Base Metal Mining District in Canada

Discovery of a Potential New Gold Camp in a Base Metal Mining District in Canada

  • 23 Mar 2021
  • 4:00 PM - 5:30 PM
  • Online
  • 120


John Keating, PGeo, Chief Executive Officer, President and Director, PJX Resources Ltd.

Speaker Bio:

Mr. Keating has over 35 years of experience in the mining and exploration industry.  He conducted early and advanced stage exploration with Noranda and was a global commodity analyst providing supply, demand and price forecasting for gold, silver, and base metals, and negotiated the resolution of tariff and non-tariff barriers to trade in metals for the Federal Government of Canada.  Mr. Keating was later President and Chief Executive Officer of a number of junior exploration companies, one that brought an industrial mineral deposit into production in Nova Scotia, and one that made a nickel discovery in Timmins.    He co-founded PJX Resources through an IPO in 2011.  Mr. Keating holds a BSc(Geology) from Concordia University, Montreal, Quebec.  

Talk Abstract:

PJX Resources Ltd. (“PJX”, TSX-V) has cornered a mining district that produced base metals for a century and has only been tested for precious metals through placer mining.

What if the Kidd Creek base metal deposit was discovered before the Timmins gold camp, or the Louvicourt deposit was discovered before the Val-D’Or gold camp?  This has happened.  Horne discovered base metals before the discovery of gold started a staking rush in Rouyn-Noranda. The Geco base metal deposit was discovered before gold at Hemlo. 

The regional proximity factor of base metal and gold deposits is not a new observation.  Geological controls influencing the regional proximity were presented over 30 years ago to Noranda and are now being used by PJX to discover a potential new Gold Camp in the Sullivan Base Metal Mining District near Cranbrook, southeastern British Columbia.  We call this new gold area the Vulcan Gold Belt.

The Sullivan mine closed in 2001. Over $40 Billion in silver, lead, and zinc (in today’s metal prices) in concentrate were produced during the Sullivan’s 90-year mine life.  The mine also produced tin, copper, indium, germanium, cadmium, and gold as byproducts in concentrate.  Cobalt was present but not recovered.

Osisko Gold Royalties/Development is the first exploration-mining development company to visit PJX’s properties.  Within 2 days they recognized the big picture potential and have since made an equity and royalty investment in PJX.

The presentation will focus on the macro geological perspective of why the Sullivan mining district has hidden potential to host world class gold deposits. It will then present the micro perspective with examples of gold target areas.  The presentation will also show how advancements in technology are unearthing new base metal targets where others had explored and walked away.  

PJX is not just looking to make a discovery, but multiple gold and base metal discoveries that will provide benefit to our shareholders and local communities today and in the future.

Live Online Broadcast:

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