PJX Resources Confirms Sedex-Type Mineralization Signals at Dewdney Trail—Sullivan District Discovery Gains Traction

Geophysical Evidence Supports High-Grade Zinc-Lead-Silver Deposit Potential

PJX Resources Inc. has identified iron-rich sulphide minerals (pyrrhotite and pyrite) alongside copper and minor zinc and lead elements within an active venting geological system at its Dewdney Trail Property near Cranbrook, BC. The discovery pattern is consistent with the subsurface characteristics of Sedex-type zinc-lead-silver deposits—some of the world’s most prolific ore systems.

Understanding the Sedex Mineralization System

Sedex (Sedimentary Exhalative) deposits form through a specific geological process: metal-enriched fluids migrate upward from depth along fault pathways known as vents. The sequence matters significantly. Zinc and lead minerals typically crystallize first at depth, while iron and copper-rich minerals precipitate higher within the venting column. Over time, these iron-copper phases can remobilize the underlying zinc-lead accumulations, pushing them further up the system and laterally along the geological structure.

The recent drilling confirmed this characteristic zonation pattern on PJX’s property. Surface samples collected in late 2023 revealed boulders containing Sullivan-style mineralization—the Sullivan deposit sits approximately 20 km to the west and remains one of the world’s largest zinc mines historically.

What Makes This Exploration Campaign Significant

The Dewdney Trail Property encompasses over 150 km² within the Sullivan Mining District. Airborne geophysical surveys have traced a strong to moderate magnetic anomaly extending roughly 1.6 km along strike. The combination of surface geochemical evidence, geophysical signatures, and now drill-confirmed venting mineralogy creates a compelling case for deeper Sedex-type mineralization.

John Keating, President and CEO, noted that additional drilling is planned both vertically higher into the venting system and laterally along the north-south structural trend. Full results from the first drilling phase will inform 2025 exploration targets.

Warrant Extension Approved

Concurrently, PJX announced that the TSXV Exchange has approved an extension of 9,391,794 share purchase warrants. The expiry date has been extended by 12 months to December 20, 2025. These warrants, originally issued in December 2021, carry an exercise price of $0.25 per share and remain otherwise unchanged. A related-party transaction component was noted: approximately 257,647 warrants are held by insiders, but the fair market value does not exceed 25% of market capitalization, satisfying minority shareholder protection thresholds.

PJX’s Broader Exploration Platform

PJX holds 100% mineral rights across 680+ km² in the Sullivan and Vulcan districts. The company targets gold, silver, zinc, lead, copper, cobalt, and other critical metals. With exploration momentum building on Dewdney Trail and a five-year drilling permit now active, the 2025 program will test whether this property can host a major Sedex-type discovery.