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Maxus Mining Highlights Historical Polymetallic Results at the Quarry Project in British Columbia, Canada
Globenewswire· 2026-01-06 13:00
Core Insights - Maxus Mining Inc. has consolidated the Quarry Project by acquiring the Beveley Property, enhancing its position in the Bralorne Mining District of British Columbia [1] - The company has completed a comprehensive data compilation of historical assessment reports, generating exploration targets for the fall 2025 exploration program [2] Quarry Project Highlights - Historical exploration has documented polymetallic mineralization across the Quarry Project, with significant drilling results including: - 23.6 m of 1.83% Pb, 2.82% Zn, and 56.2 g/t Ag in hole 77-11 - 13.0 m of 0.65% Pb, 2.58% Zn, and 42.5 g/t Ag in hole 78-25 - 6.91 m of 2.42% Pb, 2.43% Zn, and 87.7 g/t Ag in hole 80-66 - 3.81 m of 1.00% Pb, 3.19% Zn, and 43.5 g/t Ag in hole 80-76 [4] - Historic estimates for the Bullseye Zone include: - 99,781 tonnes at 1.42% Pb, 2.24% Zn, and 36.3 g/t Ag (drill-indicated, historical) - 2.72 Mt at 3.66% Pb + Zn, 36.3 g/t Ag (original category not classified) [6] - The company is compiling drillhole data into 2D and 3D workspaces to advance the project towards modern exploration [4][7] Historical Summary - Historical work has outlined multiple zones of base metal and precious metal mineralization, with significant grab sampling results from the Regent mineral occurrence showing: - Average assays of 83.5% Pb and 1,576 g/t Ag - Additional values including 20% Sb, 42.5% Pb, 3.8% Cu, and 0.89 g/t Au [5] Strategic Location - The Quarry Project is strategically located 28 km northwest of Germansen Landing, British Columbia, within favorable carbonate and dolomite breccia host rocks [4]
PMET Resources to Expand Land Position in James Bay Region
Prnewswire· 2025-11-12 11:30
Core Viewpoint - PMET Resources Inc. has entered into a definitive agreement to acquire the Pikwa Property, expanding its land position in the James Bay region of Quebec, which is expected to enhance its exploration potential for multiple commodities [1][6][10]. Acquisition Details - The acquisition involves a 100% interest in the Pikwa Property from Azimut Exploration Inc. and SOQUEM Inc. [1][6] - The Pikwa Property consists of 509 mineral claims covering approximately 10 km of a highly prospective greenstone belt trend [2][3]. - The acquisition is subject to customary closing conditions, including approval from the Toronto Stock Exchange [6]. Geological Potential - The Pikwa Property is located immediately west of PMET's flagship Shaakichiuwaanaan Property and is part of a continuous land position of over 70 km of greenstone trend [3][5]. - The geological setting of the Pikwa Property indicates strong potential for various commodities, including orogenic gold, porphyry deposits, and LCT pegmatites [2][3]. - Historical exploration has identified spodumene-bearing pegmatite and spodumene grains in till, further enhancing the property's potential [3][4]. Strategic Importance - The acquisition is viewed as a strategic addition to PMET's land holdings, consolidating some of the most prospective LCT pegmatite trends globally [5]. - The Pikwa Property includes multiple base and precious metal targets, which have been the focus of historical exploration efforts [4][5]. Financial Considerations - Upon closing, PMET will issue an aggregate of 841,916 common shares at a deemed price of $3.68 per share to Azimut and SOQUEM [8]. - A 1% net smelter return royalty interest will be granted to both Azimut and SOQUEM in relation to the Pikwa Property [8].