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CDN Maverick Recovers Historical Drill Core at Nottaway Zn-Ag-Pb-Au Project and Raises $504,000 Through Warrant Exercise
Newsfile· 2025-11-11 07:55
Core Insights - CDN Maverick Capital Corp. has recovered historical drill core from its Nottaway Zn-Ag-Pb-Au Project, enhancing its exploration capabilities and potential for critical minerals [1][2][9] - The company raised $504,000 through the exercise of share purchase warrants, ensuring full funding for future exploration activities [10] Exploration and Technical Details - The recovered core includes samples from five diamond drill holes completed by SOQUEM Inc. in 2015, totaling 875 meters, which intersected significant mineralization [3][5] - Historical results from the SOQUEM drill campaign indicated anomalous values of zinc, lead, and silver, with notable intercepts including 0.27% Zn and 9.7 g/t Ag over 4.5 meters [5] - A reinterpretation of geophysical data suggests that previous drilling missed principal subsurface conductors, indicating the need for follow-up drilling [5][6] New Opportunities - The company plans to assay the core for lithium and other critical minerals, which were not recognized during the initial drilling in 2015 [2][7] - The Nottaway project is strategically located near Q2 Metals Corp.'s Cisco lithium discovery, highlighting its potential for both VMS and lithium-bearing pegmatite systems [7][9] Management Commentary - The Chairman emphasized the strategic advantage gained from the core recovery, allowing for a reassessment of the project's potential with a focus on both VMS systems and lithium opportunities [2][9]