Maxus Mining expands Lotto project by 2,633 ha

Executive Summary

• Maxus Mining Inc. has significantly expanded its land holdings at the Lotto Tungsten Project in British Columbia by staking an additional 2,633 hectares, increasing the total project size by approximately 600% to 3,054 hectares.
• The company is currently compiling historical data to prepare a Phase 1 exploration plan for the expanded property, which spans 14 kilometers of stratigraphy favorable for tungsten mineralization.
• The release provides detailed geological context, including historical assay results (up to 10.97% WO3) and geophysical survey data, while also outlining the company's broader portfolio including the Penny Copper, Quarry Antimony, Altura, and Hurley projects.

Key Details

• Land Expansion: Maxus staked an additional 2,633 hectares at the Lotto Tungsten Project.
• Total Project Size: The Lotto Tungsten Project now covers 3,054 hectares, representing a 600% increase in size.
• Geological Setting: The project lies in the Kootenay region and Trail Creek mining division of British Columbia, 19 km west-southwest of Castlegar. It features 14 km of stratigraphy favorable for tungsten mineralization.
• Historical Mineralization:
  • The historic Lotto 3 showing consists of scheelite (tungsten mineral) mineralization within a nine-meter-wide quartz vein exposed along a highway road cut.
  • A selected grab sample from 1980 assayed 10.97% WO3.
  • Disseminated scheelite occurs in quartz veins northwest of the main showing and in localities west of the highway.
• Geophysical Data: In 2006, Astral Mining Corp. conducted a helicopter-borne geophysical electromagnetic survey indicating the area is underlain by Paleozoic argillaceous quartzites and argillites (possibly Lower Jurassic Rossland Group), intruded by Middle to Late Jurassic Nelson intrusions (granite/granodiorite) and Middle Eocene Coryell intrusion syenite.
• Company Portfolio Overview:
  • Total Terrane: Approximately 14,355 hectares.
  • Antimony Projects: 8,178 hectares across three projects.
    • Penny Copper Project: 3,123 hectares near the Sullivan mine. Recent 2017 work returned grab samples with up to 2,388 ppm Cu.
    • Quarry Antimony Project: Historical sample assayed 0.89 g/t Au, 3.8% Cu, 0.34% Zn, 42.5% Pb, 0.65 g/t Ag, and 20% Sb.
  • Strategic Neighbors:
    • Altura: On strike from Equinox Resources' antimony discovery (up to 69.98% Sb).
    • Hurley: Neighbors Endurance Gold Corp.'s Reliance gold project, which reported 19.2% Sb and 2.16 g/t Au over 0.5m in 2024 drilling.
• Qualified Person: Morgan Verge, PGeo, reviewed and approved the scientific and technical information.
• Cautionary Note: Historical results from unrelated operators have not been verified by Maxus's qualified person but provide a scientific basis for continued work.

Notable Quotes

• "We are thrilled to announce the acquisition of additional claims through low-cost staking at the project, effectively increasing the project size by 600 per cent. The property now spans over 14 kilometres of stratigraphy favourable for tungsten mineralization. Our team is currently compiling all available historical data over the project area and we look forward to kickstarting exploration on this significantly expanded property." — Scott Walters, CEO