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MG Capital and DLP Resources Sign Definitive Option Agreement to Earn up to 75% of PJX Resources’ DD Property
Cranbrook, British Columbia–(Newsfile Corp. – July 20, 2020) – MG Capital Corporation (TSXV: DLP) is pleased to announce that its wholly-owned subsidiary, DLP Resources Inc. (“DLP“), and PJX Resources Inc. (“PJX“) have signed a definitive option agreement in respect of DLP’s option to acquire an interest in PJX’s Sullivan-type Lead Zinc Silver DD Property (the “DD Property“).
The DD Property has potential to host a high-grade Sullivan style deposit that is located near Cranbrook, British Columbia, Canada. The Sullivan Deposit occurs at a geological horizon called the Lower-Middle Aldridge Contact or “LMC” horizon. A 1425 metre sub-vertical hole (PAN-18-01) to test a Magnetotelluric (MT) geophysical anomaly stopped short of the LMC horizon (see Figure below).
