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PJX Resources Inc. reports mineral exploration, financing and disclosure developments tied to its British Columbia property portfolio. The company focuses on gold, silver, zinc, lead, copper, cobalt and other critical metals, with mineral rights across a large land package in the historical Sullivan Mine District and Vulcan Gold Belt near Cranbrook and Kimberley.
Recurring company updates cover exploration targets such as the Gar target on the Zinger Property and Sedex-style targets on the Dewdney Trail Property, along with private placements, warrant terms, related-party participation, shareholder voting matters, governance disclosures and changes to financial reporting practices for venture issuers.
PJX Resources has announced significant drilling results from its Dewdney Trail Property in British Columbia's Sullivan Mining District. The drilling identified three Sedimentary Exhalative (Sedex) horizons, each potentially hosting a Sedex deposit. The program discovered increased sulphide mineralization with iron-rich minerals and lesser concentrations of copper, zinc, and lead.
Key findings include a sulphide flooded vent with significant copper content, suggesting a hotter part of the mineralizing system. The drilling intersected a 29.87m vent section with notable mineral content. The company identified multiple target areas for future exploration, including the Kootenay King quartzite horizon, located 6.5 km on strike to the south.
Surface sampling revealed Sullivan-style mineralized boulders with high-grade results (9.33% zinc, 2.48% lead, 14.62 g/t silver). The exploration permit extends until July 2029, with plans for additional drilling when weather permits.
PJX Resources announced findings from recent drilling at their Dewdney Trail Property near Cranbrook, BC. The discovery of iron-rich minerals with copper and traces of zinc and lead in a venting geological environment suggests potential for a Sedex-type deposit. The mineralizing system shows similarities to the Sullivan deposit located 20km west.
The company plans to conduct additional drilling in 2025, focusing on higher areas of the venting system and along strike. PJX also announced a 12-month extension of 9,391,794 share purchase warrants to December 20, 2025, maintaining the exercise price at $0.25 per share, subject to TSXV Exchange approval.
The company owns 100% of mineral rights covering over 680 km² in the Sullivan Mining District, with the Dewdney Trail Property spanning 150 km². Recent exploration revealed Sullivan-style mineralization associated with a magnetic anomaly traceable for approximately 1.6 km.
PJX Resources announces drilling results from its Dewdney Trail Property, revealing multiple mineralized sedimentary horizons and a mineralized vent breccia. The company completed sixteen holes totaling 5,100 metres, intersecting sixteen semi-massive to massive sulphide beds ranging from 3cm to 30cm in thickness. Two Sedex horizons were identified near the historical Estella mine, with thicknesses ranging from 8 to 12 metres. The drilling confirmed zinc mineralization in outcrop and discovered boulders with Sullivan-style mineralization at the base of the mountain slope. The geology and mineralization support potential for a significant Sedimentary Exhalative (Sedex) deposit.
PJX Resources (PJXRF) has announced promising drilling results from its Dewdney Trail Property in British Columbia, Canada. The company has encountered geology supporting the potential for a Sedimentary Exhalative (Sedex) type deposit, similar to the nearby Sullivan deposit. Key findings include:
1. A 20m fragmental unit with abundant to semi-massive sulphide mineralization at 275m depth.
2. Presence of iron sulphides with visible trace amounts of copper and zinc sulphides.
3. Discovery of zinc, lead, and silver mineralization in surface boulders late last year.
4. A large magnetic anomaly traced for approximately 1.6 km.
PJX plans to expand drilling operations to further explore the potential of this new discovery, which could indicate a significant mineralization system in the area.
PJX Resources has received a five-year permit from the British Columbia Government to drill on its Dewdney Trail Property near Cranbrook, BC. This follows the discovery of Sullivan-style and grade zinc-lead-silver mineralisation on the property in late 2023. The upcoming drilling, slated for Summer and Fall, marks the first attempt to test these high-potential areas.
The discovery is significant as it is the first of its kind outside the Sullivan deposit area in 130 years. The mineralisation was found at surface, just 200 meters from an old mine road, and is tied to a magnetic geophysical anomaly spanning approximately 1.6 km.
At the annual and special meeting on June 18, 2024, all resolutions, including the approval of financial statements and company plans, were passed. A total of 77,707,985 shares, representing 44.6% of the issued shares, were represented.
PJX Resources Inc. welcomes Charles Fipke, Margot Naudie, and Brian Abraham as advisors. The company plans to implement a Shareholder Rights Plan and has granted stock options to directors, employees, and consultants. PJX has potential new mineral discoveries in British Columbia.
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