Maxus Mining compiles historical Quarry data

Executive Summary

• Maxus Mining completed a full compilation and analysis of all historic drill‑hole data for its Quarry project in British Columbia.
• The compiled dataset will be integrated with an upcoming VTEM airborne geophysical survey to accelerate the upgrade of the Bull’s‑eye zone to a NI 43‑101‑compliant mineral resource estimate.
• Historical drilling highlights significant base‑metal and silver grades, providing a scientific basis for forthcoming modern exploration programs.

Key Details

• Historical Drill‑hole Compilation: All available historic drill data for Quarry have been digitized, validated, and entered into 2‑D/3‑D workspaces; a searchable database will be released in the coming weeks.
• Key Historic Intercepts:
• Hole 77‑111 – 23.6 m @ 1.83 % Pb, 2.82 % Zn, 56.2 g/t Ag.
• Hole 78‑251 – 13.0 m @ 0.65 % Pb, 2.58 % Zn, 42.5 g/t Ag.
• Hole 80‑662 – 6.91 m @ 2.42 % Pb, 2.43 % Zn, 87.7 g/t Ag.
• Hole 80‑762 – 3.81 m @ 1.00 % Pb, 3.19 % Zn, 43.5 g/t Ag.
• Historic Resource Estimates (non‑NI 43‑101):
• 99,781 t @ 1.42 % Pb, 2.24 % Zn, 36.3 g/t Ag (drill indicated).
• 2.72 M t @ 3.66 % Pb+Zn, 36.3 g/t Ag (original category not classified).
• Upcoming VTEM Airborne Survey: Expected to be completed within weeks; results will be merged with the historic drill database for target refinement.
• Planned Next Steps: Desktop geological interpretation, confirmatory twin‑drilling at appropriate spacing, specific‑gravity testing, modern QA/QC, collar location verification, 3‑D grade modelling, and QP verification to CIM standards.
• Strategic Context: Quarry lies ~28 km NW of Germansen Landing in favorable carbonate/dolomite breccia host rocks, supporting a critical metals system (Ag, Pb, Zn).

Notable Quotes

“The project hosts a compelling critical metals system with meaningful silver, lead and zinc mineralization demonstrated by historical drilling,” said Morgan Verge, PGeo, Vice‑President of Exploration.
“By compiling and validating the historic drill database and integrating it with our forthcoming airborne survey, we are positioning the project to rapidly refine targets and advance the Bull’s‑eye zone toward a modern NI 43‑101‑compliant resource.”

Materiality Assessment: Non‑Material – Positive (provides material operational insight but does not yet constitute a new resource estimate or financial impact).