Essex Resources talks sampling results at Rabbitt

The most recent news release from May 5, 2026, provides an operational update on the Rabbitt copper-silver-lead-zinc property in British Columbia. The company reports that a comprehensive exploration program completed in Fall 2025 (Induced Polarization geophysics and soil geochemical surveys) has identified anomalies consistent with sulphide mineralization. Detailed data analysis is ongoing, with a comprehensive report expected soon to refine targets for potential drill testing. This follows the October 2025 announcement where exploration activities officially commenced on the property after the company's IPO.

The news is classified as Routine - Positive because it confirms progress in the exploration timeline but lacks definitive economic data. While identifying anomalies consistent with sulphide mineralization validates the geophysical work, it does not constitute a discovery or drill intercept. Given the stock has been stagnant at $0.12 since March 2026, this update serves to maintain investor interest rather than trigger a significant re-rating. The market likely anticipated an update following the Fall 2025 survey completion; therefore, the information is incremental rather than transformative. There is no mention of new financing or capital raising in this release, which remains a critical risk factor for the company's survival and project advancement.

• Company: Essex Resources Corp. (TSXV: ESXR).
• Flagship Project: Rabbitt property, located in the Similkameen mining division of Southern British Columbia (~23 km NW of Princeton).
• Property Details: Eight contiguous mineral claims totaling 1,048 hectares.
• Mineralization: Copper-silver-lead-zinc. Northern portion features massive sulphide showings interpreted as a flat-lying, plate-like zone.
• Status: Company holds an option to acquire 100% interest and title. Currently in the exploration phase (geophysics/soil sampling) with drilling pending target refinement.