PJX Resources Commences First-Ever Drilling at High-Priority Gar Gold Target on Zinger Property
Weather has delayed Estella Basin drilling until next year, with approximately 2,700 metres of the planned 4,000-metre program completed.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
PJX Resources (PJXRF) has begun the first drilling program at the Gar gold target on its Zinger Property in southeastern British Columbia. The program will test a 1,600-metre-long gold-in-soil anomaly, following renewal of a five-year drilling permit and construction of three helicopter-supported drill pads. Surface grab samples from quartz veins in outcrop and boulders returned up to 28.84 g/t gold.
At Dewdney Trail, approximately 2,700 metres of a planned 4,000-metre program have been completed at Estella Basin. Deteriorating seasonal weather prompted postponement of drilling until next year and relocation of the drill to Gar. PJX expects the initial Gar program to test only part of the target given its size and the approaching winter.
Positive
- Minor pointFirst-ever drilling has begun at Gar to test a 1,600-metre-long gold-in-soil anomaly.
- Minor pointFive-year drilling permit renewed for Zinger; three helicopter-supported drill pads completed.
- Minor pointSurface grab samples from quartz veins in outcrop and boulders returned up to 28.84 g/t gold.
- Minor pointVisible gold identified in sheeted and structurally controlled quartz veins.
- Minor pointZinger bedrock sampling identified gold mineralization over at least 9 km long and 2 km wide.
2 minor points
- Minor point. Forward-looking: it has not happened yet and may not happen.Airborne magnetic data supports potential additional gold targets associated with intrusions in the surrounding area.
- Minor point. Forward-looking: it has not happened yet and may not happen.Estella Basin drilling completed approximately 2,700 metres of the planned 4,000-metre program; additional drilling is planned.
Negative
- Minor pointEstella Basin drilling postponed until next year because of deteriorating seasonal weather.
- Minor point. Forward-looking: it has not happened yet and may not happen.Initial Gar drilling will test only part of the target given its size and approaching winter.
- Minor pointGar bedrock exposure is limited, with the target largely covered by overburden.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TORONTO, ON / ACCESS Newswire / October 29, 2026 / PJX Resources Inc. (TSXV:PJX)(OTCQB:PJXRF) ("PJX" or the "Company") is pleased to announce that drilling has commenced at the high-priority Gar gold target on its Zinger Property in southeastern British Columbia's Sullivan Mining District (see Figure 1). This first-ever drill program will test a 1,600-metre-long gold-in-soil anomaly associated with a prospective Reduced Intrusion Related Gold System (RIRGS). Geological characteristics and gold mineralization identified at Gar share similarities with RIRGS deposits, including Snowline Gold's Valley discovery in the Yukon and Kinross Gold's Fort Knox deposit in Alaska (Table 1).
Following the renewal of the Zinger Property's five-year drilling permit earlier this month, PJX completed construction of three helicopter-supported drill pads to initiate testing at Gar. The target is largely covered by overburden, with limited bedrock exposure hosting RIRGS-style gold mineralization, including visible gold in sheeted and structurally controlled quartz veins (see Figure 2). Initial drilling will focus on the area where anomalous gold-in-soil values coincide with gold mineralization identified in surface samples.
Zinger Property Highlights
- First-Ever Drilling: Drilling has commenced at the previously untested Gar RIRGS gold target following renewal of the Company's five-year drilling permit.
- 1,600-Metre Gold-in-Soil Anomaly: Historical soil sampling has outlined a 1,600-metre-long gold-in-soil anomaly associated with the Gar intrusion (Figure 2).
- High-Grade Surface Gold Mineralization: Grab samples from sheeted quartz veins in outcrop and boulders have returned gold values of up to 28.84 g/t gold (Figure 2).
- Visible Gold: Visible gold has been identified as individual grains and associated with pyrite in sheeted and structurally controlled quartz veins (Photos A, B and C).
- Prospective RIRGS Geological Setting: Geological characteristics at Gar share similarities with established RIRGS deposits, including Snowline Gold's Valley discovery in the Yukon and Kinross Gold's Fort Knox deposit in Alaska (Table 1).
- Multiple Exploration Targets: Airborne magnetic data supports the potential for additional RIRGS targets in the surrounding area.
- District-Scale Gold Mineralization: Bedrock sampling across the Zinger Property has identified gold mineralization over an area measuring at least 9 km long and 2 km wide.
Dewdney Trail Exploration Update
At the Dewdney Trail Property, approximately 2,700 metres of the planned 4,000-metre drill program have been completed at the Estella Basin target, where exploration is focused on identifying the source of Sullivan-style Sedex boulders discovered at the base of a mountain slope. Results to date continue to narrow the potential source area, with additional drilling planned.
With deteriorating seasonal weather conditions at Estella Basin, the Company has postponed drilling until next year and relocated the drill to the Gar target at Zinger. Estella Basin remains one of three priority Sedex exploration targets at Dewdney Trail, together with Lewis Ridge and Grundy Creek.
John Keating, President and CEO of PJX Resources, commented, "The commencement of drilling at Gar is an important milestone for PJX as we begin testing a previously undrilled gold target with several geological characteristics associated with Reduced Intrusion Related Gold Systems. The combination of a large gold-in-soil anomaly, visible gold and encouraging surface sampling results provides a compelling opportunity to evaluate the potential of this target through drilling. Given the size of the Gar target and the approaching winter season, this initial program will test only a portion of its potential. We look forward to the results, which will help guide future exploration at the Gar target and throughout the Zinger Property."
Characteristic | Reduced Intrusion Related Gold | PJX GarIntrusion Target |
Visible Gold | Yes | Yes |
Gold occurs in | Sheeted & structurally controlled quartz veins | Sheeted & structurally controlled quartz veins |
Country rocks | Sediments, hornfels, skarn | Sediments, hornfels, skarn |
Associated Elements | Bismuth, Tellurium, Tungsten, Molybdenum | Bismuth, Molybdenum, Tungsten, Tellurium |
Intrusion Type | Granite to Granodiorite | Granite to Granodiorite |
Intrusion Age | Cretaceous | Cretaceous |
Intrusion grain size | Porphyritic to equigranular - medium to coarse grained | Equigranular - medium to coarse grained |
Geophysical Signature | Magnetic Low | Magnetic Low |
Structural Influence | Yes - shears& faults | Yes - shears& faults |
Sulphide content | Low | Low |
Hydrothermal Alteration | Not significant | Not significant |
Table 1 - Gar characteristics similar to Reduced Intrusion Related Gold Systems(RIRGS) such as FortKnox or Snowline Gold's Valley Discovery.
 Photo B - Visible Gold in quartz vein in Gar Intrusion (magnified photo). |  Photo C - Visible Gold with Pyrite in quartz vein in Gar Intrusion (magnified photo). |
Qualified Person
The geological disclosure and content of this news release has been reviewed and approved 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, Chief Executive Officer and a Director of PJX.
About PJX Resources Inc.
PJX Resources Inc. is a Canadian mineral exploration company focused on the Sullivan Mining District of southeastern British Columbia. PJX has consolidated
For further information, please contact:
PJX Resources Inc.
Linda Brennan
CFO
lbrennan@pjxresources.com
www.pjxresources.com
Leo Karabelas
Focus Communications
416-543-3120
Info@fcir.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
The information in this news release has been prepared as at the date noted above. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by PJX Resources Inc. as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, PJX Resources Inc. expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in PJX Resources Inc.'s expectations or any change in events, conditions or circumstances on which any such statement is based.
Cautionary Note to US Investors:
This news release may contain information about adjacent properties on which PJX Resources Inc. has no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward- looking statements including but not limited to the various prices and volume of the strategic investment; the use of proceeds from the Strategic Investment, and the structure of the Strategic Investment, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.
SOURCE: PJX Resources Inc.
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What gold target is PJX Resources drilling at Zinger?
PJX has begun the first drilling at Gar, targeting a 1,600-metre-long gold-in-soil anomaly. Initial drilling will focus where anomalous soil values coincide with gold mineralization identified in surface samples.
Why has PJX Resources postponed Estella Basin drilling?
Deteriorating seasonal weather prompted PJX to postpone Estella Basin drilling until next year and move the drill to Gar. Approximately 2,700 metres of the planned 4,000-metre Estella Basin program have been completed.
What is PJX Resources looking for at Estella Basin?
Exploration at Estella Basin seeks the source of Sullivan-style sediment-hosted mineralized boulders discovered at the base of a mountain slope. Estella Basin is one of three priority targets of this type at Dewdney Trail, alongside Lewis Ridge and Grundy Creek.