Northwire Canada EditionFriday, August 7, 2026
Northwire
NXS 0.170 +0.0% NTH 0.170 +3.0% IMG 22.48 +0.6% ATY 0.255 +0.0% SMN 0.110 −4.3% WPM 175.79 +1.9% CNC 1.60 −4.8% RME 0.175 +0.0% INTR 0.770 −3.8% PNTR 0.430 −4.4% COPR 0.350 +0.0% YGT 0.180 +0.0% ARIC 0.880 +6.0% LUCA 0.920 −3.2% IVN 11.39 −0.3% HHH 4.30 +9.1% NXS 0.170 +0.0% NTH 0.170 +3.0% IMG 22.48 +0.6% ATY 0.255 +0.0% SMN 0.110 −4.3% WPM 175.79 +1.9% CNC 1.60 −4.8% RME 0.175 +0.0% INTR 0.770 −3.8% PNTR 0.430 −4.4% COPR 0.350 +0.0% YGT 0.180 +0.0% ARIC 0.880 +6.0% LUCA 0.920 −3.2% IVN 11.39 −0.3% HHH 4.30 +9.1%
Drill Results

Maxus Mining Announces Positive Results from 2025 Exploration Program at Penny Copper Project in British Columbia

MAXM · Price

Executive Summary

  • Maxus Mining reports positive results from its 2025 exploration program at the Penny Copper Project, including a MobileMT survey that identified continuous conductive horizons and several copper‑anomalous soil and rock samples.
  • The field program collected 311 geochemical samples (264 soils, 37 rocks, 10 tills); notable assays include 0.34 % Cu from outcrop sample 326313 and up to 3,440 ppm Cu in a dolostone sample.
  • Maxus exercised an option to increase its advertising budget with RMK Marketing Inc., adding $250,000 CAD (total budget now $500,000 CAD) for online promotional activities.

Key Details

  • MobileMT Survey: 519 line‑km flown over 46 sq km; identified laterally continuous conductive horizons and steep conductors along the Palmer Bar Fault suggesting potential stratabound Cu‑Ag mineralization.
  • Geophysical Highlights: High magnetic susceptibility correlated with resistive domains in magnetite‑bearing arenite beds; ongoing interpretation.
  • Soil Sampling: 264 samples collected on a 50 m × 50 m grid across east and west grids, confirming widespread copper anomalism.
  • Rock Sampling (37 samples):
  • Sample 326301 (dolostone) – 294 ppm Cu, 3 ppb Au, 720 ppm Mn.
  • Sample 326313 (quartzite outcrop) – 3,440 ppm Cu, 9 ppb Au, 121 ppm Mn; visual mineralization with unknown metallic mineral.
  • Sample 326361 (quartzite/outcrop) – 209 ppm Cu, 6 ppb Au, 942 ppm Mn; includes malachite‑type mineralization.
  • Till Sampling: 10 till samples collected to evaluate method applicability; processed with multi‑acid digestion packages.
  • Analytical Procedures: Samples analyzed by Actlabs using fire assay, aqua regia, and four‑acid digestions; QA/QC included blanks, standards, and field duplicates per protocol.
  • Total Geochemical Samples: 311 (264 soils, 37 rocks, 10 tills).
  • Marketing Services Update: Maxus exercised its option under the RMK agreement to raise the advertising budget to $500,000 CAD by paying an additional $250,000 CAD; services include Google AdWords campaign management and landing‑page optimization. No securities were issued as compensation.

Notable Quotes

  • “The 2025 exploration program has confirmed copper anomalism across the Penny Project and identified several promising geophysical targets for future work,” – Scott Walters, CEO.
Read the original news release →

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