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Maxus Mining Announces 2025 Exploration Program at its Penny Copper Project
Globenewswireยท2025-07-10 12:00

Core Viewpoint - Maxus Mining Inc. is set to initiate a comprehensive exploration program at its Penny Copper Project in British Columbia, which includes an airborne mobile magnetotelluric geophysical survey and further investigation of previously identified mineralized outcrops [1][2][4]. Exploration Program Details - The exploration program will utilize an airborne mobile magnetotelluric geophysical survey to enhance understanding of the Penny Property [2][4]. - Detailed hand trenching, geological mapping, and systematic sampling will be conducted to define the extent, geometry, and continuity of recently discovered mineralized outcrops [2][4]. Mineralization Potential - Previous exploration programs have identified extensive multi-element anomalies with elevated concentrations of gold, copper, barium, and zinc [3]. - A newly discovered zone of buried outcrop returned assay results of up to 1,920 ppm Cu, 41 ppb Au, and 1,310 ppm Ba over an approximate strike length of 50 meters [5]. - Multiple mineralized samples from the Upper and Middle Creston Formation returned copper values up to 2,388 ppm Cu [6][11]. Historical Context - The Penny Copper Project has a history of exploration activity spanning over 100 years, with recent work including rock sampling and geological mapping [11]. - The project is located near the historically significant Sullivan Mine, which has attracted exploration activities from various companies [6][11]. Company Overview - Maxus Mining Inc. focuses on locating, acquiring, and developing economic mineral properties in premier jurisdictions, with a diverse portfolio that includes approximately 7,244 hectares of prospective terrane [10].