Maxus expands land holdings at Quarry antimony project in British Columbia

Maxus Mining (CSE: MAXM) announced Wednesday that is has expanded its landholdings at the Quarry antimony project in British Columbia by staking an additional 1,803 hectares.

With the expanded project, the company said it is now compiling all available historic data to prepare its Phase 1 exploration plan.

In June, Maxus entered an option to acquire Quarry and two other antimony exploration properties (Hurley and Altura) in the province covering approximately 3,700 hectares. It also acquired a high-grade tungsten project in the deal.

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 mineralized trend at the project,” Maxus CEO Scott Walters said in a news release. “This expansion increases the property to over 7 km of favourable stratigraphy.”

The now-expanded 2,632-hectare property is located on the north side of the Osilinka River, about 46 km northwest of Germansen Landing.

Historical sampling highlights the property’s high-grade potential. In 1991, a sample returned assays of 20% antimony, 0.89 g/t gold, 3.8% copper, 42.5% lead and 0.65 g/t silver. Earlier grab samples collected in 1954 averaged 83.5% lead and 1,575 g/t silver.

The site offers reliable year-round access, supporting ongoing exploration initiatives, the company said.