Pjx Resources - PJXRF STOCK NEWS

PJX Resources Inc. has discovered massive sulphide mineralization at the Lewis Ridge target in British Columbia, indicating potential for cobalt, copper, nickel, and silver deposits. This discovery occurred while drilling EM and magnetic anomalies, revealing significant mineralization characteristics similar to the Black Butte deposit in Montana. Notably, hole LR22-02 intersected a 1.42 m zone with 60% massive sulphide, analyzing at 644 ppm cobalt and 819 ppm copper. PJX plans to further explore this promising area along with other targets in 2023.

PJX Resources Inc. has announced a significant discovery of mineralized diatreme breccia approximately 500 meters west of its gold-silver-copper prospect. Grab samples reveal high copper values of 8.79%, 3.35%, and 2.01%, along with promising amounts of gold and silver. Geological data suggests potential for a large, mineralized magmatic center on the Dewdney Trail Property. Additionally, the DD Property is being returned to PJX by DLP Resources, allowing PJX to retain full control. The company continues to focus on its mineral exploration efforts in southeastern British Columbia, with promising geological features similar to known productive mining districts.

PJX Resources Inc. has announced plans to extend the expiry of 9,350,400 share purchase warrants by 12 months, now set to expire on October 5, 2023, pending TSX Venture Exchange approval. The exercise price remains unchanged at $0.20 per share. Additionally, exploration is ongoing in the Sullivan Mining District, focused on defining mineral targets through mapping, prospecting, and soil sampling. Drilling is currently testing the Lewis Ridge target, with potential for significant mineralization highlighted by recent airborne surveys.

PJX Resources Inc. announced significant drilling results indicating an extension of the David Gold Zone in the Sullivan Mining District, with a promising intersection of 76.36 g/t gold, along with base metals like lead and zinc. The drilling aimed at identifying high-grade gold zones has shown potential for further mineralization, with computer modeling suggesting additional targets along the Gold Shear Property. Historical data also supports high-grade gold discovery in nearby drilling efforts.

PJX Resources Inc. has successfully closed a non-brokered private placement, raising $1,486,685 through the issuance of 9,391,794 units. This includes 3,895,794 Flow Through Units priced at $0.17 and 5,496,000 Non-flow Through Units priced at $0.15. Each unit includes common shares and purchase warrants at an exercise price of $0.25 for 24 months. Funds will be allocated for exploration in Cranbrook, British Columbia. The offering received conditional approval from the TSXV Exchange.

PJX Resources Inc. has announced a non-brokered private placement, raising $1,486,685 through the issuance of 9,391,794 units. This includes 3,895,794 Flow Through Units priced at $0.17 and 5,496,000 Non-flow Through Units at $0.15. The proceeds will fund exploration expenditures on properties in Cranbrook, British Columbia. PJX has identified over 20 target areas for potential gold, silver, copper, and more. The company consolidates mineral rights in the Sullivan Mining District and plans future drilling.

PJX Resources Inc. has announced that DLP Resources will begin drilling on Magnetotelluric (MT) geophysical targets at the DD Property. This follows earlier hole DD21-02, which found 168m of fragmentals and muds with anomalous zinc. The drilling aims to test large MT anomalies associated with conductive mineralization similar to the Sullivan deposit. A total of approximately 5400m across 3-4 drill holes is planned. PJX's President highlighted the attractive geological potential of the targets, indicating further exploration in gold and copper is ongoing, with results expected soon.

PJX Resources Inc. announced that as of November 4, 2021, its common shares began trading on the OTCQB Venture Market in the U.S. under the symbol PJXRF. This move aims to enhance visibility and trading volume in the U.S. market. The OTCQB is known for listing early-stage companies and requires companies to maintain current reporting and undergo annual verification. PJX continues to trade on the TSX Venture Exchange as PJX and focuses on exploring gold, silver, copper, lead, and zinc properties in British Columbia.

PJX Resources Inc. has completed an investment agreement with Osisko Gold Royalties Ltd, involving the purchase of 6.25 million common shares at C$0.16 each for a total of C$1 million. Additionally, Osisko acquires a 0.5% net smelter return royalty on various property interests, also for C$1 million. The proceeds will fund exploration in the Vulcan Gold Belt, where PJX identified 16 priority gold targets. This underexplored area has historical placer gold production of 1.5 million ounces since 1864.