Maxus Mining compiles historical data for Quarry

Executive Summary

• Maxus Mining Inc. released highlights from a comprehensive historical data compilation at its Quarry Project in British Columbia, identifying significant historical polymetallic mineralization.
• The company recently consolidated the project by acquiring the Beveley property and has engaged Palliser Exploration for a 2025 reconnaissance field program, with results pending.
• Historical drilling and sampling indicate high-grade lead, zinc, and silver intercepts, alongside a non-compliant historical resource estimate for the Bull's-eye zone, providing a basis for future modern exploration.

Key Details

• Project Consolidation: The Quarry project was consolidated via the acquisition of the Beveley property, announced on September 26, 2025.
• Historic Drilling Intercepts:
  • Hole 77-111: 23.6 metres grading 1.83% Pb, 2.82% Zn, and 56.2 g/t Ag.
  • Hole 78-251: 13.0 metres grading 0.65% Pb, 2.58% Zn, and 42.5 g/t Ag.
  • Hole 80-662: 6.91 metres grading 2.42% Pb, 2.43% Zn, and 87.7 g/t Ag.
  • Hole 80-762: 3.81 metres grading 1.00% Pb, 3.19% Zn, and 43.5 g/t Ag.
• Historical Resource Estimate (Bull's-eye Zone):
  • Drill Indicated: 99,781 tonnes grading 1.42% Pb, 2.24% Zn, and 36.3 g/t Ag.
  • Original Category (Unclassified): 2.72 million tonnes grading 3.66% Pb+Zn and 36.3 g/t Ag.
  • Note: This estimate is not NI 43-101 compliant and is not treated as a current mineral resource or reserve.
• Historic Grab Sampling Results:
  • Regent mineral occurrence (massive galena-bearing vein): Average assays of 83.5% Pb and 1,576 g/t Ag.
  • Additional samples reported elevated values including 20% Sb, 42.5% Pb, 3.8% Cu, and 0.89 g/t Au.
• Exploration Strategy: The company is compiling historical drill hole data into 2-D and 3-D workspaces to interpret subsurface geology. A qualified person (QP) has not yet done sufficient work to classify these historical estimates under modern standards.
• Future Work: Confirmatory/twin drilling, specific-gravity testing, and modern QA/QC are required to upgrade and verify the historical estimate. Palliser Exploration is conducting a reconnaissance field program for fall 2025.

Notable Quotes

• "Historic exploration at the project has generated a meaningful body of sampling, drilling and mapping data that documents polymetallic mineralization across the property," said Scott Walters, chief executive officer of Maxus. "This body of historical information provides important context for the mineralized zones identified to date and informs the company's ongoing review of the project."