Maxus Mining talks historical sampling at Lotto

Executive Summary

• Maxus Mining Inc. released a summary of historical exploration insights for its 3,054-hectare Lotto project in British Columbia, focusing on critical minerals like tungsten, molybdenum, copper, silver, and zinc.
• The company reviewed over 15 historic assessment reports, identifying high-grade tungsten mineralization at the Loto 3 showing and polymetallic anomalies at the Midas showing.
• Historical data provides a scientific basis for future modern exploration, with the project located in a prolific mineral district with excellent infrastructure.

Key Details

• Project Overview: The Lotto project comprises 3,054 hectares in the Kootenay region and Trail Creek mining division of British Columbia, located less than 20 kilometers from Castlegar and accessible via the Crowsnest Highway.
• Loto 3 Showing:
  • Hosts scheelite (Ca(WO4)) mineralization within a nine-metre-wide quartz vein exposed along a highway road cut.
  • Historical samples returned assays up to 10.97 per cent WO3 (tungsten oxide) from a pit sample located approximately 60 metres north of the quartz zone.
• Midas Showing:
  • Historical geochemical soil sampling identified anomalous zones of molybdenum, copper, silver, zinc, and tungsten associated with key structural controls.
  • 1973 biochemical sampling uncovered a result of 9,500 parts per billion molybdenum.
  • A 1973 diamond drill program tested anomalous zones, outlining wide mineralized breccia zones containing molybdenum, copper, and silver; these zones remain open and underexplored.
• Geological Context: The project is underlain by rocks of the Coryell plutonic suite, featuring east-west-trending breccia zones crosscutting the intrusive package. Quartz and quartz-magnetite vein stockworks overprint country rocks, providing ideal conduits for mineralization.
• Data Compilation: The technical team compiled data from more than 15 historical assessment reports into a centralized GIS database to support modern exploration programs.
• Company Portfolio Context: Maxus Mining holds approximately 15,098 hectares total, including the Penny copper project (3,123 hectares) and antimony projects (Quarry, Alturas, Hurley). Recent highlights in the portfolio include antimony assays up to 69.98% at Alturas and gold/antimony results at Hurley.

Notable Quotes

• "The historical results at the Lotto property provide a compelling indication of the strong discovery potential we see across the project. With encouraging molybdenum, silver and copper values in the Midas area alongside occurrences of high-grade tungsten at the Loto 3 area, the project offers exposure to both traditional and critical minerals. These results reinforce our confidence that Lotto can deliver meaningful value as we unlock its multimetal potential through modern exploration." — Scott Walters, Chief Executive Officer