PJX Resources Enhances the Potential to Discover Reduced Intrusion Related Gold System (RIRGS) Type Deposits in the Sullivan Mining District and Announces Stock Option Grant
Executive Summary
The airborne magnetic and Mobile MT surveys have identified two significant magnetic lows (ML-A and ML-B) near gold-bearing sheeted veins, with ML-B extending approximately 1,100 meters in length. Both magnetic anomalies are positioned above a substantial, highly resistive zone at depth estimated to be 1.5 to 2 kilometers below surface, potentially indicating a large intrusive body that could be the source of reduced intrusions associated with surface gold mineralization. ML-B trends northeast, consistent with gold-bearing sheeted veins and aligned with a historical 1,600-meter-long gold-in-soil anomaly.
The geological, mineralogical, and geophysical characteristics of the Gar target area are comparable to established RIRGS deposits such as Kinross's Fort Knox and Snowline Gold's Valley discovery. The target area lies within the Vulcan Gold belt at the intersection of two continental-scale structures: the Vulcan Tectonic Zone and the Rocky Mountain Trench fault, which is the southern extension of Alaska's Tintina fault system associated with major gold deposits.
PJX has consolidated 100% of mineral rights to the largest land package (750 km²) in the Sullivan Mining District, with more than 20 prospective targets identified across their properties. The company's 2026 exploration program will primarily focus on RIRGS potential at Gar and Sullivan deposit-style Sedex potential at the Estella Basin target area, with drill permits already secured for the Dewdney Trail Property. This development positions PJX as a significant exploration player in a tier-one jurisdiction with existing infrastructure and multiple deposit types under investigation.
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