EDDY PROPERTY

Location

The road accessible Eddy Property is located 14 kilometres south west of Cranbrook, British Columbia.

History

The Eddy Property is located within the Kimberley Gold Trend on the north flank of a placer producing creek called Moyie Creek. Placer mining for gold in the Moyie Creek drainage first began in the late 1860’s with localized placer mining still going on today. PJX is focused on discovering the bedrock source of the gold that has been washed out of the rock and into the Creeks.

Exploration Potential

The Eddy Property covers a succession of gold-mineralized quartz veins which occur along shear zones within the fold hinge of a regional anticline that is at least 9.5 km long. A total of 64 grab samples of bedrock have returned values ranging from 1 to 57 g/t Au and demonstrate the potential for high-grade gold concentrations along the shear zones.

The fold hinge and associated shears are breached by placer-bearing streams (e.g. Weaver Creek) that flow southeast or south into the Moyie River, site of historical placer operations. Visible gold in shear-related quartz veins is commonplace, suggesting the shear zones may be the source of the placer gold. Alteration assemblage on the Eddy Property consists of quartz-sericite-pyrite-Fe carbonate, similar to the Dewdney Trail Project.

The Eddy Property is adjacent to PJX’s Gold Shear Property and is on strike with the David Gold Occurrence.

Next Steps

Prospecting, mapping, geophysics and sampling are on-going to identify and assess gold bearing structures for trenching and/or drilling across the Eddy Property.