Maxus Mining samples 105 ppm Mo, 21 ppm W at Lotto

Executive Summary

• Maxus Mining Inc. released initial analytical results from its 2025 reconnaissance field program at the Lotto tungsten property in British Columbia, conducted by Palliser Exploration Ltd.
• The program identified an emerging polymetallic system with tungsten and molybdenum anomalism associated with quartz veining and alteration, supporting the potential for a structurally controlled deposit.
• Two specific rock samples returned significant geochemical values, and the company is proceeding with a 3-D geological model to prioritize future exploration targets.

Key Details

• Project Location: Lotto tungsten property, Trail Creek mining district, British Columbia, Canada (approx. 20 km west of Castlegar, B.C.).
• 2025 Field Program Results:
  • Sample G018634: Returned 105 parts per million (ppm) molybdenum; hosted in altered siltstone with abundant quartz veining and strong iron-oxide alteration.
  • Sample G018641: Returned 21 ppm tungsten; hosted in granodiorite with abundant quartz veining and strong iron-oxide alteration.
• Historical Context:
  • Historical Loto 3 showing features a nine-metre-wide quartz vein with scheelite (CaWO4) mineralization.
  • A 1980 grab sample from the Loto 3 claim returned 10.97% WO3 (tungsten trioxide), which the company considers high-grade (threshold >1.0% WO3).
• Technical Approach:
  • Integration of historical drilling and 2025 field results into a centralized 3-D geological model is underway to refine targeting.
  • Future work includes systematic rock sampling, detailed geologic mapping, and airborne geophysical surveys to increase sample density and interpretive confidence.
• Laboratory Analysis:
  • Samples processed by Agat Laboratories (Calgary, Alta.), accredited to ISO 9001:2015 and ISO/IEC 17025.
  • Methods included dry crushing, pulverizing, metals by four-acid digest/ICP-OES, and gold by fire assay.
• Qualified Person: Morgan Verge, PGeo, Vice-President, Exploration, reviewed and approved the technical information.

Notable Quotes

• "The Lotto property is beginning to demonstrate the characteristics we look for in a prospective critical minerals project... These early results, combined with compelling historical data, are helping us define a clear path forward. Our next phase of work will focus on expanding the footprint of mineralization and advancing high-priority targets as we work to unlock the broader potential of this underexplored project." — Scott Walters, CEO