Pjx Resources Stock Price, News & Analysis

PJX Resources Inc. announced the discovery of a significant donut-shaped magnetic anomaly in the Estella Basin area, potentially indicating the presence of porphyry-type copper-gold deposits. This anomaly, located about 800 meters from last year's mineralization findings, coincides with soil geochemical anomalies of copper, gold, silver, and other metals, suggesting substantial mineralization potential. Surface mapping has revealed multiple intrusions, with significant implications for discovering intrusive-related deposits. The company plans to drill the identified alkalic intrusion that signaled a high magnetic geophysical signature, as this area shares geological similarities with the productive Butte Mining District in Montana. This exploration is aimed at enhancing shareholder value through strategic developments.

PJX Resources Inc. has discovered massive sulphide mineralization at the Lewis Ridge target in British Columbia, indicating potential for cobalt, copper, nickel, and silver deposits. This discovery occurred while drilling EM and magnetic anomalies, revealing significant mineralization characteristics similar to the Black Butte deposit in Montana. Notably, hole LR22-02 intersected a 1.42 m zone with 60% massive sulphide, analyzing at 644 ppm cobalt and 819 ppm copper. PJX plans to further explore this promising area along with other targets in 2023.

PJX Resources Inc. has announced a significant discovery of mineralized diatreme breccia approximately 500 meters west of its gold-silver-copper prospect. Grab samples reveal high copper values of 8.79%, 3.35%, and 2.01%, along with promising amounts of gold and silver. Geological data suggests potential for a large, mineralized magmatic center on the Dewdney Trail Property. Additionally, the DD Property is being returned to PJX by DLP Resources, allowing PJX to retain full control. The company continues to focus on its mineral exploration efforts in southeastern British Columbia, with promising geological features similar to known productive mining districts.

PJX Resources Inc. has announced plans to extend the expiry of 9,350,400 share purchase warrants by 12 months, now set to expire on October 5, 2023, pending TSX Venture Exchange approval. The exercise price remains unchanged at $0.20 per share. Additionally, exploration is ongoing in the Sullivan Mining District, focused on defining mineral targets through mapping, prospecting, and soil sampling. Drilling is currently testing the Lewis Ridge target, with potential for significant mineralization highlighted by recent airborne surveys.

PJX Resources Inc. announced significant drilling results indicating an extension of the David Gold Zone in the Sullivan Mining District, with a promising intersection of 76.36 g/t gold, along with base metals like lead and zinc. The drilling aimed at identifying high-grade gold zones has shown potential for further mineralization, with computer modeling suggesting additional targets along the Gold Shear Property. Historical data also supports high-grade gold discovery in nearby drilling efforts.

PJX Resources Inc. has successfully closed a non-brokered private placement, raising $1,486,685 through the issuance of 9,391,794 units. This includes 3,895,794 Flow Through Units priced at $0.17 and 5,496,000 Non-flow Through Units priced at $0.15. Each unit includes common shares and purchase warrants at an exercise price of $0.25 for 24 months. Funds will be allocated for exploration in Cranbrook, British Columbia. The offering received conditional approval from the TSXV Exchange.

PJX Resources Inc. has announced a non-brokered private placement, raising $1,486,685 through the issuance of 9,391,794 units. This includes 3,895,794 Flow Through Units priced at $0.17 and 5,496,000 Non-flow Through Units at $0.15. The proceeds will fund exploration expenditures on properties in Cranbrook, British Columbia. PJX has identified over 20 target areas for potential gold, silver, copper, and more. The company consolidates mineral rights in the Sullivan Mining District and plans future drilling.