PJX Resources Discovers Large Sedex Mineralising System on the Dewdney Trail Property in the Sullivan Mining Camp, Southern British Columbia

On December 11, 2025, PJX Resources announced the discovery of a large Sedex (Sullivan-type) mineralizing system on its Dewdney Trail Property in British Columbia. The release highlights the following key points: - Drill hole ND25-26 intersected 63.7 metres (estimated true thickness of ~30 metres) of a "Quake zone" with "pervasive zinc, lead, silver mineralization." Critically, no assay results for this interval were provided. - Prospecting 800 metres south of the drill area discovered a high-grade sulphide boulder assaying 546 g/t silver, 32.3% lead, and 4.89% zinc. - Tourmalinite alteration, an indicator of a venting environment, was identified 2 kilometres north of the drill area, suggesting a large system with significant strike potential. - A consulting geologist with 60 years of experience is quoted as saying this is the "first discovery of a mineralizing system that rivals that of the Sullivan basin."

This news is materially positive as it confirms the company's long-held exploration thesis, but its ultimate significance is undermined by a critical omission.

Progression of News & Projections: - January 17, 2025: PJX announced that initial 2024 drilling confirmed the geological potential for a Sedex deposit. They had identified a geological vent and planned the next phase of drilling to test laterally and stratigraphically higher, targeting the cooler parts of the system where zinc-lead-silver mineralization, like that found in surface boulders, would be expected to occur. - July 2025: The company raised approximately $1.65 million to fund the summer/fall exploration program explicitly designed to follow up on the January findings and discover the source of high-grade surface boulders. - October 23, 2025: PJX confirmed the drill program was complete and samples were sent for analysis, setting the stage for pending results. - December 11, 2025 (Current News): This release delivers the results of that program. The discovery of a thick, 63.7-metre mineralized zone, combined with favorable geological indicators over a potential strike length of over 2.5 km, strongly suggests the company has discovered the large-scale mineralizing system it was looking for. This is a significant geological success and a major de-risking event for the property's potential.

Assessment: The positive impact is the confirmation of a large-scale system with the right geological markers in the exact area targeted by their exploration model. The long intercept and comments from an experienced geologist add weight to the geological significance.

However, the most critical piece of information is missing: assay results for the 63.7-metre drill intercept. Announcing a discovery with "pervasive zinc, lead, silver mineralization" without providing grades is a major red flag. This omission creates substantial uncertainty. The market cannot value the discovery without knowing the grade. While the high-grade boulder is encouraging, it is not an in-situ discovery and its source remains unknown.

The news successfully advances the project from a conceptual target to a confirmed large-scale system, which is a material step forward. But without assays, the economic potential is entirely speculative.

PJX Resources is a Canadian-based junior mineral exploration company focused on the Sullivan Mining District in southeastern British Columbia. Its flagship asset is the 100% owned Dewdney Trail Property, a large land package of approximately 200 km². The company's primary objective is the discovery of a world-class Sedimentary Exhalative (Sedex) deposit similar to the historic Sullivan Mine (160+ million tonnes grading ~12% lead-zinc and 67 g/t silver), located nearby.