tiprankstipranks
Advertisement
Advertisement

PJX Resources Flags Fort Knox–Style Gold Potential at Gar Target in B.C.

Story Highlights
  • PJX Resources reports high-grade visible gold at the Gar target, indicating a potentially large intrusion-related gold system.
  • The undrilled Gar prospect strengthens PJX’s district-scale portfolio in the Sullivan Mining District, where it may seek partners to advance exploration.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Claim 55% Off TipRanks

An update from PJX Resources ( (TSE:PJX) ) is now available.

PJX Resources has identified visible gold in sheeted and structurally controlled quartz veins at the Gar target on its Zinger Property, with grab samples grading up to 28.84 grams per tonne gold in a mid-Cretaceous granodiorite to granitic intrusion. Geological mapping, soil geochemistry and associated bismuth and molybdenum anomalies suggest the Gar intrusion may represent a large Reduced Intrusion Related Gold System, comparable in style to deposits such as Fort Knox in Alaska and Snowline Gold’s Valley discovery in the Yukon.

The road-accessible Gar target, which remains undrilled, sits within the Vulcan Gold Belt at the intersection of major crustal structures believed to focus large mineralizing systems, the same district that hosts the historic Sullivan zinc-lead-silver deposit and widespread placer gold. Alongside recently outlined Sedex zinc-lead-silver prospects on its Dewdney Trail Property, PJX sees Gar as one of more than 20 priority targets across its portfolio and may seek partners to accelerate exploration and drill testing, underscoring the district-scale potential of its consolidated land position.

More about PJX Resources

PJX Resources Inc. is a mineral exploration company focused on gold and base metals in the Sullivan Mining District of southeastern British Columbia. The company has consolidated 100% of the mineral rights over a 750 km² land package in the Vulcan Gold Belt, where it is advancing multiple targets prospective for gold, silver, copper, zinc, lead, cobalt and other critical metals.

Average Trading Volume: 78,864

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$29.91M

For an in-depth examination of PJX stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1