PJX Resources Launches Two 4,500-Meter Drilling Programs in Canada
2026-06-21 10:14
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en.Wedoany.com Reported - PJX Resources Inc. (PJX:TSXV) has consolidated a package of 25 wholly-owned assets in the historic Sullivan mining district in southeastern British Columbia, Canada. Led by John Keating, who has 35 years of industry experience, the company's assets cover 750 square kilometers of terrain that could become Canada's next major mining district. The Sullivan mining district is located approximately 40 kilometers north of the Canada-U.S. border.

These projects are all situated at the intersection of two fault zones: the Rocky Mountain Trench Fault and the Vulcan Tectonic Zone. When mineral-rich hydrothermal fluids move toward the surface, mineralization forms along fault zones, with the richest mineralization often occurring at the intersection of two faults.

One of Keating's flagship drilling targets this year is the Estella Basin Target, part of the Dewdney Trail project, targeting a Sullivan-type SEDEX deposit. The Sullivan mine operated from 1898 to 2001, producing 285 million ounces of silver, 8 million tonnes of zinc, and 7 million tonnes of lead over its lifespan. The deposit originated from black smokers on the ancient deep-sea floor, where hydrothermal fluids hardened to form rich ore layers. During the 2023 program, the company discovered Sullivan-type mineralized boulders. In 2025, PJX identified a significant mineralized corridor extending 800 meters south from the Estella Basin Target and 2,000 meters north to the Lewis Ridge target. The company has secured funding and is about to begin a 4,500-meter drilling program at Estella Basin.

Crescat made an early investment in PJX, holding a 9.9% stake. The second project Keating plans to advance this year is the Gar Gold Target within the Zinger project, also fully funded for a 4,500-meter drilling program. This 140-square-kilometer project features a potential gold trend spanning up to 20 kilometers. When Keating showed samples from the Gar Gold Target to Quinton Hennigh, Hennigh commented that the quartz was identical to that found at the Snowline Valley deposit.

Gold at the Gar Gold Target occurs in a Reduced Intrusion-Related Gold System (RIRGS), a deposit type Hennigh specializes in. At this target, granitic intrusions are distributed along a 6-kilometer trend. The fully funded 4,500-meter program is about to commence, with assay results expected within two to three months.

PJX's asset portfolio shares similarities with the Butte mining district in Montana. The Butte district was the cornerstone of Anaconda Copper, supplying a quarter of the world's copper at its peak. According to Dr. Phil Nickerson, PJX's Vice President of Exploration, the district features two porphyry systems formed at different times and located close to each other, resulting in different minerals deposited in various areas. PJX's 25 projects are situated in the same structural setting as the Butte district, within a 700-kilometer-long mineral belt.

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