PJX Resources Inc. announced that drilling has identified 3 Sedimentary Exhalative (Sedex) horizons with each horizon having the potential to host a Sedex type deposit at depth and on strike. The horizons are defined by increased sulphide mineralization in the form of stacked narrow massive to semi massive sulphide beds, bands, and/or disseminated sulphides. Iron rich minerals (pyrrhotite and pyrite) are dominant with lesser concentrations of copper (chalcopyrite), zinc (sphalerite) and/or lead (galena).

Drilling explored for the source of Sullivan style and grade mineralized boulders (Photo A) found in talus material at the base of a mountain slope on PJX's 100% owned Dewdney Trail Property in the Sullivan Mining District near Cranbrook, British Columbia, Canada. Although the source of the boulders was not encountered during this initial phase of drilling, the geological environment discovered by drilling supports an environment similar to the Sullivan basin hosting the Sullivan deposit. Features include stacked bedding conformable sulphides, syn-sedimentary faults defined by large blocks of zinc mineralized sediments in a chaotic breccia (Photo B), and a cross cutting vent (Photo C) that can function as a conduit to transport metals for the formation of deposits.

The sulphide flooded vent intersected while drilling is predominantly iron sulphide with locally significant copper sulphide and less zinc or lead sulphide (see photo C and grades below). This combination of sulphides suggests a hotter part of the mineralizing system. The source of the more zinc and lead rich Sullivan style and grade boulders would likely be in a cooler part of the system.

This could be higher in the mineralizing system, which is higher on the mountain slope above where we have drilled. The Kootenay King quartzite horizon, which hosts the Kootenay King sedex zinc-lead-silver deposit 6.5 km on strike to the south, occurs higher on the mountain and has not yet been drilled. Cooler parts of the mineralizing system that may be favourable for forming a zinc-lead-silver deposit, may also occur laterally away from the vent as shown by the location of sphalerite and galena in replacement ore.

The 3 Sedex horizons encountered in drilling may be favourable mineralizing periods to form a deposit on strike and laterally away from the vent area. Two Sedex horizons occur in the footwall beneath the Estella workings at the base of the mountain. The third Sedex horizon occurs about one third of the way up the mountain slope.

Drilling commenced in early August last year after the exploration permit amendment was received from the government in mid-July, 2024. The exploration permit is good until July 2029. Further assessment of the results along with geophysics will be undertaken this winter to help define drill pad locations to test the various targets.

Additional information will be provided when available. PJX owns 100% of the mineral rights to multiple properties totaling over 680 km² of mineral claims in the Sullivan Mining District of Southeastern British Columbia, Canada. Exploration in late 2023 discovered boulders and outcrop of Sullivan deposit style and grade mineralization on PJX's Dewdney Trail Property that is over 150 km² in size.

The zinc, lead, silver, and other critical metal mineralization discovered at surface on the Dewdney Trail Property is magnetic and appears to be associated with a strong to moderate magnetic airborne geophysical anomaly that can be traced for approximately 1.6 km. This recent first phase of drilling on part of the anomalous trend confirms a geological environment with sulphide mineralization that supports the potential to discover a Sedex type deposit.