Maxus Mining acquires portfolio of antimony and tungsten projects in British Columbia

[Ben Graham]

Maxus Mining (CSE: MAXM | FRA: R7V), announced Thursday it has entered into a Property Option Agreement  to acquire a 100% interest in one tungsten & three antimony exploration properties in British Columbia which cover 4,122 hectares. 

The antimony projects, Quarry, Hurley and Altura cover approximately 3,700 hectares of terrain and the Lotto tungsten project covers 422 hectares.

The Quarry property is exposed in a limestone rock quarry located on the north side of Osilinka River, about 46 kilometres northwest of the community of Germansen Landing. The Quarry showing is exposed in a limestone rock quarry and consists of the minerals sphalerite, galena, cerussite, chalcopyrite, boulangerite, malachite, azurite, and stibnite. 

One sample in 1991 assayed 20% Sb, 0.89 gram/tonne Ag, 3.8% Cu, 42.5% lPb, and 0.65 gram/tonne Au. Grab samples retrieved in 1954 yielded assays which averaged 83.5% Pb and 1576 g/t Ag. The site offers reliable, year-round access providing support for ongoing exploration initiatives, the company said. 

The Lotto tungsten project lies within the Kootenay region and Trail Creek Mining Division of British Columbia, a prolific mineral district known for its resource potential and well-developed infrastructure that support sustained exploration activity.

Lotto contains the Lotto 3 showing which consists of scheelite (tungsten mineral) mineralization within a 9-meter-wide quartz vein exposed along a highway roadcut. A selected grab sample taken in 1980 from a quartz vein with scheelite assayed 10.97% Wo3, according to the company.

The Hurley antimony project is 10 kilometres east of the historic Bralorne-Pioneer Gold Mining Camp which has produced over 4 million ounces of gold, Maxus said. The adjacent Reliance gold project reported intervals that include 19.2% Sb and 2.16 g/t Au over 0.5m encountered during the 2024 drilling campaign.

The Altura antimony project is positioned on the western area of Dolly Varden Mountain, roughly 29 kilometres northeast of New Denver, British Columbia – an area recognized for its strong antimony mineral potential. The property consists of a persistent quartz vein carrying disseminated pyrite and argentiferous tetrahedrite and minor stibnite and chalcopyrite. 

“By diversifying our portfolio to include minerals essential for emerging technologies and the future of energy, we are uniquely positioned to capitalize on these evolving markets,” CEO Scott Walters said in a news release.