PJX Resources Inc. announce the discovery of massive and semi-massive sulphide boulders of Sullivan deposit style zinc, lead, silver, cadmium, and indium mineralization. This significant new sediment-hosted discovery is on the Company's Dewdney Trail Property in the Sullivan Mining District in southeastern British Columbia, Canada. PJX's prospecting team discovered boulders with sulphide mineralization in an area about 50 metres (m) by 150 m at the base of a talus slope.

Some sulphide boulders display layering and breccia textures with grades of zinc-lead-silver mineralization similar to ore at the Sullivan deposit. The sulphide boulders with zinc (sphalerite mineral), lead (galena), and iron (pyrite and pyrrhotite) are magnetic. The boulders occur at the base of the mountain slope and on the edge of a large magnetic anomaly identified by Expert Geophysics from the 875 line-kilometre airborne geophysical survey flown for PJX in 2021.

Sample SMT-23-1 (6.71% zinc, 2.23% lead, 16.05 g/t silver, 1,258.9 ppm or 0.12% copper) Sphalerite (zinc sulphide), galena (lead sulphide), and iron sulphides (pyrite, pyrrhotite) occur in fragments that are locally banded or bedded in apearance as seen above. The mineralization also occurs in the groundmass of the rock. Sample SMT-23-8 (3.55% zinc, 0.98% lead, 7.5 g/t silver, 442.1 ppm or 0.04% copper) Although this sample is lower in grade it tells an important story.

The individual massive sphalerite fragments are a possible indicator of higher grade zinc rich massive sulphides possibly buried under the talus slope. Sample SMT-23-7 (9.33% zinc, 2.48% lead, 14.62 g/t silver, 495 ppm or 0.04% copper) Alternating dark and light coloured bands with sulphides (zinc, lead, iron) appear to be sulphide-rich beds that have been broken apart possibly by slumping during deposition on the ocean floor, or the beds may have broken apart during later folding. Airborne Magnetic Map: Massive sulphide boulders occur downslope from a magnetic anomaly (red to pink area).

The boulders are magnetic. The initial target area with deposit potential is defined by an elevated magnetic signature that is over 1.5 km along strike. Stronger magnetic anomalies (pink colour) may represent more iron rich (pyrrhotite mineral) zones similar to those that occur at the Sullivan deposit.

Less strong magnetic anomalies (red to orange colour) may represent areas with more zinc or lead sulphide mineralization that would be more weakly magnetic. The 160 million tonne Sullivan deposit produced ore containing some 17 million tonnes of zinc and lead metal and more than 285 million ounces of silver during 90 years of operation before closing in 2001.