PJX Resources Discovers a Third Large Target Area with Sullivan Style Sedex Deposit Potential on the Dewdney Trail Property in Southeastern British Columbia
PJX Resources Expands Exploration Footprint as Drill-Driven Burn Accelerates Toward Potential Liquidity Event
The most recent news release (February 19, 2026) announces the identification of a third large target area, the Grundy Creek area, on the Dewdney Trail Property. This target is defined by a historical adit containing massive sulphide boulders and a 2 km magnetic anomaly. Management indicates that the property now hosts three significant target areas: Estella Basin, Lewis Ridge, and Grundy Creek. The company plans to continue drilling the Estella target while advancing the other two targets throughout 2026. This follows the December 2024 discovery of a "Quake zone" in hole ND25-26, which intersected 63.7m of pervasive mineralization (estimated 30m true thickness).
The impact of the latest news is Routine - Positive. While the identification of a third target increases the "optionality" of the land package, it remains at the pre-drilling stage. - Technical Validation: The news provides geological context but no new assays. It relies heavily on "Sullivan-style" comparisons, which are high-reward but historically difficult to prove in this district. - Contextual Momentum: This news serves to maintain market interest following the more material December 2025 discovery. The "Quake zone" intersection in late 2025 was the primary value driver; the current news simply expands the pipeline of targets. - Risk Factor: The expansion of targets increases the required exploration budget. Given the current cash levels and burn rate, the company is effectively increasing its "bet" without yet having a defined resource.
PJX Resources is focused on the Sullivan Mining District in British Columbia. - Flagship Project: The Dewdney Trail Property (part of a 750 km² total land package). - Objective: To discover a Sedex (Sedimentary Exhalative) deposit similar to the historical Sullivan Mine (which produced 160M tonnes of high-grade Pb-Zn-Ag). - Exploration Status: Recent drilling (late 2025) has confirmed a massive mineralizing system (the "Quake zone"), but the company has not yet defined a NI 43-101 compliant resource.