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PJX Resources ( (TSE:PJX) ) has issued an update.
PJX Resources has identified a third large Sedex-style target on its Dewdney Trail Property, adding to two previously defined zones and reinforcing the potential for a cluster of deposits similar to the historic Sullivan mine 25 km to the west. The new Grundy Creek target lies at a slightly older stratigraphic horizon, is associated with a 2 km magnetic anomaly, mineralized black muds and Sullivan-style alteration, and is considered large enough to potentially host a Sullivan-scale deposit.
Management highlights that drilling at the Estella Basin target has already intersected a strongly mineralized plumbing system about 30 metres thick, supporting the potential for a significant discovery. PJX plans to continue drilling Estella while advancing and potentially drilling the Lewis Ridge and Grundy Creek targets in 2026, and is also seeking strategic partnerships to unlock additional untested gold targets across its extensive landholdings.
More about PJX Resources
PJX Resources is a mineral exploration company focused on silver, lead, zinc and gold targets in the Sullivan mining district of southeastern British Columbia. The company controls the largest land package in the area, about 750 km², including ground prospective for multiple Sedex-style base metal deposits and bedrock sources of placer gold along the 65 km Vulcan gold belt.
Average Trading Volume: 75,762
Technical Sentiment Signal: Buy
Current Market Cap: C$26.17M
See more insights into PJX stock on TipRanks’ Stock Analysis page.
