Vine Property Zinc, Lead, Silver Deposit Potential August 2015 (TSX-V: PJX)
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
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 $38 billion using today’s metal prices.
Sedimentary Exhalative (SEDEX) Deposit Model Massive Sulphide Ore (zinc, lead, silver) (Image: Imperial College, William-Turner) • Ocean floor is sinking along syn- sedimentary growth faults forming a fault scarp and a 3 rd order basin. (Zinc, Lead, Silver) • Faults act as a pathway for fluids to descend to depth. • Fluids are heated at depth and leach zinc, lead, silver and other elements. (Zinc, Lead, Silver) • Hot fluids with metals rise along growth faults, breccias and feeder pipes forming a Vent Complex. • Zinc, lead and silver form sulphide minerals that deposit on the ocean floor as exhalative ore, or beneath the ocean floor as replacement ore.
Sullivan SEDEX Deposit – East-West Cross Section (Geological Survey of Canada, Lydon, et al.) • Bedded exhalative ores of Sphalerite (zinc sulphide), Galena (lead sulphide with silver), Pyrrhotite (iron sulphide, sometimes Massive Sulphides (lead, zinc, silver) magnetic), and Pyrite (iron sulphide), occur above Vent- Feeder Pipe Footwall Conglomerate (Vent - Feeder pipe). Gabbro • Gabbro is believed to have intruded along a syn- sedimentary growth fault at a later date.
Sullivan Basin - Schematic North South Cross Section (By A. Hagen, Cominco, 1983) • Two Vents – Sullivan Vent and orebody on right and Stemwinder Vent on left. • Stemwinder Vent 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.
Vine & West Basin Properties • Vine Vein - Historical resource estimate (Non NI 43-101 Compliant) 1,300,000 tonnes grading 2.2 g/t gold, 36.3 g/t silver, 3.12% lead, 3.12% zinc and 0.11% copper (*Kokanee Exploration Ltd. Prospectus (1990)). • Fors – Vent Complex with Sedex zinc- lead-silver massive sulphide discovery. • Smoker – Vent Breccia with zinc and lead mineralization, 100m X 400m in surface area. If the vent produced a massive sulphide orebody then it may have been removed by erosion. • Vine Property may have two vents defined by gravity anomalies. *Kokanee Exploration Ltd.’s resource estimate quoted above is a historical estimate and not prepared using the resource categorizations set out in NI 43-101. PJX is not aware of any more recent resource estimate for this property. PJX is uncertain as to the relevance or reliability of the historical estimate. PJX is not treating the historical estimate as current mineral resources or reserves, as a qualified person has not done sufficient work to classify the historical estimate.
Vine Vein Structure at Surface
• Two historical drill holes (1990’s) are reported to have intersected Sedex style massive sulphides, approximately 300 metres below the Sullivan deposit time horizon, at the base of the footwall quartzite (approximately 700 metres down hole). – KV90-41 intersected 3.6 metres of 4.34% lead, 2.08% zinc, 42 g/t silver, 0.11 g/t gold, 0.41% copper – KV94-57 intersected 0.5 metres of 5.20% lead, 4.40% zinc, 41 g/t silver (Note: drill hole data is historic and should be considered with caution as PJX is uncertain as to the relevance or reliability of the data)
Vine Property Large Eastern and Western Gravity Anomalies • Massive sulphide mineralization containing zinc, lead, silver and iron sulphides are often more dense than surrounding rocks and this density contrast can appear as a positive gravity anomaly (red areas on gravity map). • Historical drill holes (1990 and 1994) intersected massive sulphide (zinc,lead,silver) mineralization on what appears to be the western edge of the eastern gravity target area. • This slide displays gravity from 5 km’s deep to surface. The next slide displays gravity from 1.2 km’s deep to surface and defines what may be a 3 rd order basin.
Gravity anomaly associated with possible 3 rd order basin Cross Section WW Hole VA15-02 intersected a possible restricted 3 rd order sedimentary basin that may be similar to the geological environment often associated with Sedex massive sulphide deposits containing zinc- lead-silver.
Vine Property - Interpreted Geological Cross Section WW • 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). • 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. • The company believes that the thick gabbro sill defines a possible 3 rd Order Sedimentary Basin. Massive Sulphide deposits often occur in 3 rd order 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.
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.
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
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