on PJX Resources Inc. (isin : CA72585A1093)
PJX Resources Updates on Sedex Deposit Potential and Warrant Extension
PJX Resources Inc. has announced the discovery of iron-rich minerals with copper and traces of zinc and lead on its Dewdney Trail Property, near Cranbrook, BC. This discovery suggests a potential for a Sedex-type deposit, similar to the nearby Sullivan deposit. The findings were made during drilling that commenced in August after obtaining a five-year exploration permit.
Further drilling is planned to explore higher and laterally within the venting system to better understand the extent of the mineralization. The company aims to build on these promising early results, looking to confirm the presence of significant zinc-lead-silver deposits.
PJX also plans to extend the expiry date of 9,391,794 share purchase warrants by 12 months to December 20, 2025. This extension, pending TSXV Exchange approval, will provide additional financial flexibility for the company.
R. E.
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