PJX Resources Enhances the Potential to Discover Reduced Intrusion Related Gold System (RIRGS) Type Deposits In the Sullivan Mining District and Announces Stock Option Grant
PJX pivots to high-potential gold targets while hunting for the next Sullivan-style giant in British Columbia.
The most recent news (March 18, 2026) highlights a reinterpretation of airborne geophysical data on the Zinger Property. PJX has identified two significant magnetic lows (ML-A and ML-B) at the Gar target area. These anomalies, combined with a 1,600m gold-in-soil anomaly and sheeted veins containing up to 28 g/t gold (reported Feb 26, 2026), suggest the presence of a Reduced Intrusion Related Gold System (RIRGS). Management is drawing direct comparisons to major deposits like Kinross’s Fort Knox and Snowline Gold’s Valley discovery. Additionally, the company granted stock options to directors and officers (details not specified in the headline but noted in the event).
The impact is Routine - Positive. While the geological model for a RIRGS deposit is highly attractive and provides a new "flavor" of exploration for the company, it remains conceptual. - Pros: The identification of a large resistive anomaly at depth (1.5 to 2 km) suggests a potential source for the surface mineralization. The consolidation of 750 km² in a Tier 1 jurisdiction (Sullivan Mining District) provides significant optionality. - Cons: This is a reinterpretation of existing data, not new drill results. The company is essentially "marketing" the project to find a partner, as evidenced by the mention of seeking companies interested in partnering. The stock option grant at this stage is a routine dilutive event for shareholders. - Context: This follows a series of positive but early-stage updates regarding "Sullivan-style" Sedex targets at Dewdney Trail. The shift in focus to gold targets may indicate that the Sedex drilling (Dec 2025) has not yet hit the "discovery hole" required to re-rate the stock.
PJX Resources is a Canadian explorer focused on the Sullivan Mining District in SE British Columbia. - Flagship Project: Dewdney Trail (Sedex Zinc-Lead-Silver) and Zinger (Gold). - The Thesis: The company is looking for a "Sullivan Mine" clone (which produced 160M tonnes of ore). They have identified a "Quake Zone" with 30m true thickness of mineralization, indicating a massive plumbing system is present.