Maxus Mining (CSE: MAXM), announced Wednesday that is has expanded its land holdings by staking of an additional 1,803 hectares at the Quarry antimony project in British Columbia, Canada.
The company said it is currently compiling of all available historic data on the project to prepare its Phase 1 Exploration Plan.
In June, Maxus acquired 100% interest in three antimony exploration properties in BC: Quarry, Hurley and Altura, covering approximately 3,700 hectares.
Antimony is a strategic metal used in military applications such as ammunition, infrared missiles, nuclear weapons, as well as in batteries and photovoltaic equipment.
The recent cancellation of antimony exports by China, combined with a substantial price increase, have driven efforts to locate and extract this critical metal in Canada and the US.
Quarry antimony project
“We are pleased to announce the acquisition of additional claims through low-cost staking along a silver-lead-zinc-antimony (Ag-Pb-Zn-Sb) mineralized trend at the project,” Maxus CEO Scott Walters said in a news release. “This expansion increases the Property to over 7 kilometres of favourable stratigraphy.”
The 2,632-hectare property is located on the north side of the Osilinka River, between Tenakhi and Wasi creeks, about 46 kilometres northwest of Germansen Landing in.
Historical sampling highlights the property’s high-grade potential. In 1991, a sample returned assays of 20% Sb, 0.89 g/t Au, 3.8% Cu, 42.5% Pb, and 0.65 g/t Ag. Earlier grab samples collected in 1954 averaged 83.5% Pb and 1575 g/t Ag.
The site offers reliable year-round access, supporting ongoing exploration initiatives, the company said.
