17:35:44 EDT Thu 29 Oct 2026
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PJX Resources Inc
Symbol PJX
Shares Issued 217,651,528
Close 2026-10-28 C$ 0.145
Market Cap C$ 31,559,472
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PJX Resources begins drilling at Zinger

2026-10-29 15:33 ET - News Release

Mr. John Keating reports

PJX RESOURCES COMMENCES FIRST-EVER DRILLING AT HIGH-PRIORITY GAR GOLD TARGET ON ZINGER PROPERTY

PJX Resources Inc. has commenced drilling at the high-priority Gar gold target on its Zinger property in southeastern British Columbia's Sullivan mining district. This first-ever drill program will test a 1,600-metre-long gold-in-soil anomaly associated with a prospective reduced intrusion-related gold system (RIRGS). Geological characteristics and gold mineralization identified at Gar share similarities with RIRGS deposits, including Snowline Gold's Valley discovery in Yukon and Kinross Gold's Fort Knox deposit in Alaska (Table 1).

Following the renewal of the Zinger property's five-year drilling permit earlier this month, PJX completed construction of three helicopter-supported drill pads to initiate testing at Gar. The target is largely covered by overburden, with limited bedrock exposure hosting RIRGS-style gold mineralization, including visible gold in sheeted and structurally controlled quartz veins. Initial drilling will focus on the area where anomalous gold-in-soil values coincide with gold mineralization identified in surface samples.

Zinger property highlights:

  • First-ever drilling: Drilling has commenced at the previously untested Gar RIRGS gold target following renewal of the company's five-year drilling permit.
  • 1,600-metre gold-in-soil anomaly: Historical soil sampling has outlined a 1,600-metre-long gold-in-soil anomaly associated with the Gar intrusion.
  • High-grade surface gold mineralization: Grab samples from sheeted quartz veins in outcrop and boulders have returned gold values of up to 28.84 grams per tonne gold.
  • Visible gold: Visible gold has been identified as individual grains and associated with pyrite in sheeted and structurally controlled quartz veins.
  • Prospective RIRGS geological setting: Geological characteristics at Gar share similarities with established RIRGS deposits, including Snowline Gold's Valley discovery in Yukon and Kinross Gold's Fort Knox deposit in Alaska (Table 1).
  • Multiple exploration targets: Airborne magnetic data supports the potential for additional RIRGS targets in the surrounding area.
  • District-scale gold mineralization: Bedrock sampling across the Zinger property has identified gold mineralization over an area measuring at least nine kilometres long and two kilometres wide.

Dewdney Trail exploration update

At the Dewdney Trail property, approximately 2,700 metres of the planned 4,000-metre drill program have been completed at the Estella basin target, where exploration is focused on identifying the source of Sullivan-style sedex (sedimentary exhalative) boulders discovered at the base of a mountain slope. Results to date continue to narrow the potential source area, with additional drilling planned.

With deteriorating seasonal weather conditions at Estella basin, the company has postponed drilling until next year and relocated the drill to the Gar target at Zinger. Estella basin remains one of three priority sedex exploration targets at Dewdney Trail, together with Lewis Ridge and Grundy Creek.

John Keating, president and chief executive officer of PJX Resources, commented: "The commencement of drilling at Gar is an important milestone for PJX as we begin testing a previously undrilled gold target with several geological characteristics associated with reduced intrusion-related gold systems. The combination of a large gold-in-soil anomaly, visible gold and encouraging surface sampling results provides a compelling opportunity to evaluate the potential of this target through drilling. Given the size of the Gar target and the approaching winter season, this initial program will test only a portion of its potential. We look forward to the results, which will help guide future exploration at the Gar target and throughout the Zinger property."

Qualified person

The geological disclosure and content of this news release has been reviewed and approved by John Keating, PGeo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. Keating is the president, chief executive officer and a director of PJX.

About PJX Resources Inc.

PJX Resources is a Canadian mineral exploration company focused on the Sullivan mining district of southeastern British Columbia. PJX has consolidated 100 per cent of the mineral rights to the largest land package (approximately 750 square kilometres) in the historical Sullivan mining district and the Vulcan gold belt near Cranbrook and Kimberley, an established mining district with excellent road, rail and power infrastructure. The company's exploration is focused on two priority discovery opportunities: Sullivan-style critical metals at the Dewdney Trail property and RIRGS gold at the Zinger property.

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