Vine Property Zinc, Lead, Silver Deposit Potential February 2016 (TSX-V: PJX) 1
Disclaimer Some of the information in this presentation has been extracted from the prospectus and NI 43-101 Technical Report filed on SEDAR (www.sedar.com). Investors should base their investment decision on information contained in the prospectus and NI 43-101 Technical Report only. This presentation may contain certain forward looking information relating to expected future events and financial and operating results of the Company that involve risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Due to the potential impact of various factors, including the volatility of metal prices, new information regarding recoverable reserves or resources, market competition, changes in environmental and other regulations, political changes, and other factors, the Company disclaims any intention or obligation to update or revise any forward-looking information, where as a result of new information, future events or otherwise, unless required by applicable law. Geological information has been reviewed by John Keating, P.Geo. (a qualified person for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Keating is the President, CEO and a Director of PJX. THIS IS NOT AN OFFER OR SOLICITATION FOR THE PLACEMENT OF SECURITIES.
Vine Property Highlights Opportunity • Historical Mining Area • Existing Zinc-Lead-Silver Occurrences - not tested on strike • Excellent Infrastructure - roads, power, rail • Mining Friendly Communities - with experienced work force Why hasn’t the area been fully explored? • Fractionated Land Package prevented concerted exploration – PJX has consolidated the land and ownership • New Exploration Technology has identified large targets
PJX RESOURCES’ CRANBROOK AREA GOLD & BASE METAL PROPERTIES 4
Regional Geology Map • Vine and Fors discoveries occur at intersection of growth faults similar to the Sullivan Deposit. • The Vine Graben is considered as possible southern extension of the Sullivan Graben that hosts the Sullivan Deposit. • Sullivan Deposit was a Sedex (Sedimentary Exhalative) style deposit . (160 million tonnes 5.86% zinc, 6.08% lead, 67 g/t silver). • Sullivan Mine operated for 90 years & produced concentrate with a metal content equivalent to over $30 billion using today’s metal prices. 5
Vine Property Large Positive Gravity Anomaly (red area north of Vine Occurrence) (anomaly defines an area approximately 2 km wide and 3-4 km long) Historical 1990’s Drill Holes intersected Massive Sulphide on edge of Gravity Anomaly. Vine and Fors-Smoker Gravity Anomalies occur along edges of northwest trending Vine Graben.
Sullivan Basin - Schematic North South Cross Section (By A. Hagen, Cominco, 1983) • Two Vents – Sullivan Vent and orebody on right and Northstar Vent area on left. • Northstar Vent area may have produced an orebody that has since been removed by erosion. • Two Vents are approximately 2.5 km apart. • Similar spatial relationship occurs for the Fors and Smoker Vents on PJX’s West Basin Property, and for the East and West Gravity Anomalies on the Vine Property. 8
• Detailed ground Gravity Geophysical Surveys have identified 2 Gravity Target Areas (East and West targets) on the Vine Property. • Gravity identifies changes in rock density. • Massive sulphide mineralization found at the Sullivan Deposit is very dense material. • The anomalies may contain massive sulphide deposits. 9
• Hole VA15-02 and VA15-04 Intersected sediments with local zinc mineralization. • Potential Massive Sulphide mineralization relating to the gravity anomaly may be folded with a sub-vertical dip. (see cross section on next slide) • Hole VA15-06 intersected Sedex style narrow beds of massive iron sulphide mineralization at the Sundown Time Horizon. Deeper drilling is required to test other target horizons . 10
Vine Property - Interpreted Geological Cross Section WW Sedex Massive Sulphide • Massive Sulphide with zinc, lead and silver mineralization was intersected by historical drill holes KV90-41 and KV94-57 at the base of the Footwall Quartzite (FWQ horizon). (Note: KV90-41 and KV94-57 drill hole data should be considered with caution as PJX is uncertain as to the relevance or reliability of the historical data.) • PJX hole VA15-02 intersected what appears to be a thick gabbro sill before entering Lower Aldridge (LA) sediments that contain anomalous sphalerite (zinc mineralization) and alteration (sericite, chlorite, albite) in some sedimentary beds as shown in the next slides. • Thick gabbro sill defines a possible restricted Sedimentary Basin. Massive Sulphide deposits often occur in restricted basins. • The base of the FWQ horizon in the basin is considered to be at depth below hole VA15-02, and is a target for the next phase of drilling. • Hole VA15-02 also encountered folded deformed rocks (DP Zone) that contain sphalerite. This zone could host a folded and thickened massive sulphide body (see conceptual interpretation on section) and is also a target for the next phase of drilling.
Sphalerite (zinc-sulphide) replacing sediments along fractures intersected below the gabbro sill and above the attenuated - deformed zone of the Moyie Fault. 12
Garnets Albite Alteration 13
Sphalerite (zinc-sulphide) Albite Alteration 14
Folded Lower Aldridge Sediments in the attenuated – deformed zone above the Moyie Fault. 15
Folded Lower Aldridge Sediments in the attenuated – deformed zone above the Moyie Fault. 16
Folded, irregular Sulphide mineralization with zinc and copper in the attenuated – deformed zone above the Moyie Fault. 17
Broken Hill Deposit • Sedex style Massive Sulphide folded within the deformed – attenuation zone of a major fault (shear zone) • The folded style of massive sulphide mineralization at the Broken Hill Deposit may occur at the Vine Property along the Moyie Fault Zone Folded – irregular shaped Massive Sulphide (Ore Lens) • Note that the 100m-200m wide Belt of Attenuation adjacent to the Fault at the Fault (Shear Zone) Broken Hill Deposit is similar in width to the attenuation zone adjacent to the Moyie fault at the Vine Property. 18
Gravity Profile along Geological Cross Section UU Interpretation of the Gravity data suggests that massive sulphide (shown in red) may occur above and folded within the attenuated - deformed zone above the Moyie Fault 19
Vine Vein Structure at Surface Vine Vein 20
Vine Core Facility and Core Racks (February, 2015) Vine Vein 21
View looking north-west from the East Gravity Target toward the West GravityTarget West Gravity Target 22
View looking south- east from the West Gravity Target down to the East Gravity Target East Gravity Target 23
View looking west from the West Gravity Target toward CPR’s Railyard and Rock Quarry CPR Quarry Highway 3 CPR Railyard 24
Vine Property Target Locations and Infrastructure • Target areas are located 12 km south of Cranbrook, British Columbia. • Property is accessible by road year round. • Highway 3, CPR Rail, and 2 Power Transmission Lines cross the Property. • CPR Rail Yard for loading rock from a CPR quarry is located within a few kilometres of the target areas. • CPR Rail line was used to transport zinc- lead-silver concentrate from the Sullivan Mine (North of Cranbrook) through the Vine Property to Teck’s (Cominco) Smelter Complex in Trail, British Columbia. 25
Rail Lines Western Canada and Northwest USA • CPR rail line crosses the Vine Property. • Teck’s Trail zinc-lead-silver smelter and metallurgical complex is approximately 145 km west of the Vine Property. • Rail also provides access across North America and to the coast with shipping to Asia or other markets. Vine Property 26
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