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PJX Resources Inc
Symbol PJX
Shares Issued 217,651,528
Close 2026-10-05 C$ 0.15
Market Cap C$ 32,647,729
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PJX Resources receives 5-year drill permit for Zinger

2026-10-06 15:04 ET - News Release

Ms. Linda Brennan reports

PJX RESOURCES SECURES PERMIT TO DRILL HIGH-PRIORITY RIRGS GOLD TARGETS ON ZINGER PROPERTY; ADVANCES CRITICAL METALS DRILLING AT DEWDNEY TRAIL

PJX Resources Inc. has received a renewed five-year permit to execute its first-ever drilling program on the highly prospective Zinger property. The drilling will target a potentially large reduced intrusion-related gold system (RIRGS) at the Gar intrusion target. Concurrently, exploration drilling continues for critical metals on the Dewdney Trail property.

Zinger property highlights:

  • First-ever drilling: renewed five-year permit to drill the Gar RIRGS target, which has never been drilled; PJX is preparing to drill preliminary holes to test part of the long anomalous gold trend before the snow flies;
  • Visible gold: visible gold occurs as individual grains and with pyrite in sheeted and structurally controlled quartz veins;
  • High-grade surface samples: grab samples from sheeted veins in outcrop and boulders returned gold values ranging from anomalous to 28,841 parts per billion (28.84 grams per tonne) gold;
  • 1,600-metre gold-in-soil anomaly: historical soil sampling has defined a 1,600-metre-long gold-in-soil anomaly associated with the Gar intrusion;
  • Cluster of RIRGS targets: airborne magnetic data (magnetic lows A and B) support the potential for a cluster of RIRGS targets in the area;
  • District-scale footprint: bedrock samples on the Zinger property identify an area of gold mineralization at least nine kilometres long and two kilometres wide;
  • Proven deposit model: geological characteristics comparable with Snowline Gold's Valley discovery in Yukon and Kinross's Fort Knox deposit in Alaska (Table 1);
  • Accessible: road accessible, with helicopter support available from Cranbrook, approximately a 15-minute flight.

Zinger property: pioneering RIRGS gold targets

PJX has reached a major milestone with the receipt of a five-year drilling permit to test its RIRGS gold targets on the Zinger property for the very first time.

The geological setting and gold mineralization at PJX's Gar intrusion target share striking similarities with Snowline Gold's prolific Valley RIRGS discovery in Yukon (Table 1). Visible gold is hosted within sheeted and structurally controlled quartz veins inside a mid-Cretaceous granodiorite-to-granitic intrusion. The targets are largely hidden beneath overburden except for a small area of outcrop in the valley bottom, and magnetic lows occurring at or near the valley bottom and in the vicinity of gold-bearing sheeted veins support the potential for RIRGS-type mineralization. Magnetic low B is larger than A and has a distinctive northeastern orientation, similar to the gold-bearing sheeted veins.

Dewdney Trail property: critical metals exploration

While preparing to launch its gold drilling campaign at Zinger, PJX continues its active exploration for Sullivan-style critical metals at the Dewdney Trail property, located 25 kilometres east of the historical Sullivan mine. The Sullivan mine was Canada's largest producer of silver as well as zinc, lead and other critical metals before closing in 2001 after 90 years of operation (Table 2).

Drilling is part of an initial 4,000-metre program financed by the company's $6.3-million private placement completed in July, 2026, and is currently concentrated on the Estella basin, one of three core target areas alongside Lewis Ridge and Grundy Creek.

The program follows the discovery of Sullivan-style and grade-mineralized boulders at surface, as well as a 30-metre-thick subsurface zone with anomalous zinc, lead, silver, gold and cobalt identified by drilling late last year. Results will be announced when the current drilling phase is completed and data are compiled.

Investor relations firm retained

To support these dual exploration tracks, PJX has partnered with Focus Communications, a Toronto-based corporate communications firm led by Leo Karabelas. Focus Communications will provide targeted investor relations and strategic capital markets advice to better communicate PJX's exploration milestones to the broader investment community.

In consideration for the services, PJX will pay Focus Communications $12,500 per month from its working capital, plus applicable taxes, for an initial term of six months. Focus Communications is at arm's length to the company, and, as of this date, Mr. Karabelas holds 116,500 common shares of PJX. The engagement is subject to the approval of the TSX Venture Exchange, where required.

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 Vulcan gold belt near Cranbrook and Kimberley, an established mining district with excellent road, rail and power infrastructure. The company's 2026 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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