PJX Resources Inc. [TSXV-PJX] reported that the British Columbia Government has issued a for five-year permit to drill on PJX’s Dewdney Trail Property located near Cranbrook, British Columbia. This Summer and Fall, PJX plans to drill, for the first time, Sullivan style and grade zinc-lead-silver mineralization discovered late last year on the Dewdney Trail Property.
John Keating, President of PJX, commented, “This is the first time in 130 years that this style and grade of mineralization has been discovered outside of the Sullivan deposit area. The mineralization was discovered at surface by prospecting and is about 200 m from an historical mine road. We are excited to now have the permit to drill and test these areas with high mineral potential.”
PJX owns 100% of the mineral rights to multiple properties totaling over 680 km² of mineral claims in the Sullivan Mining District of Southeastern British Columbia, Canada. Exploration in late 2023 discovered boulders and outcrop of Sullivan deposit style and grade mineralization on PJX’s Dewdney Trail Property that is over 150 km² in size. The zinc, lead, silver, and other critical metal mineralization discovered at surface on the Dewdney Trail Property is magnetic and appears to be associated with a strong to moderate magnetic airborne geophysical anomaly that can be traced for approximately 1.6 km. The mineralization and geophysical anomaly have never been drilled.
The also announced results of its annual and special meeting of shareholders, which was held on Tuesday, June 18, 2024. The meeting was held, in part, to deliver the annual audited financial statements and related management’s discussion and analysis of the company, fix and appoint the directors of the company, appoint the company’s auditors, and approve both the company’s Share Incentive Plan and Shareholder Rights Plan, all as set out in the Management Information Circular that was delivered to shareholders in advance of the Meeting.
A total of 77,707,985 common shares were represented at the meeting either in person or by proxy, representing approximately 44.6% of the issued and outstanding shares of the company. All resolutions were passed by shareholders.
PJX is focused on gold, silver and base metals (zinc, lead, copper, nickel). Its properties are located in the historical Sullivan Mine District and Vulcan Gold Belt near Cranbrook and Kimberley, southeastern British Columbia.
