The Company has mobilized for the first-ever drill program at the historic Alps-Alturas Antimony Mine, following up on over 95 tonnes of historical antimony production averaging 57.2% Sb1
VANCOUVER, British Columbia, July 09, 2026 (GLOBE NEWSWIRE) -- Maxus Mining Inc. ("Maxus" or the "Company") (CSE: MAXM | OTCQB: MXMGF | FRA: R7V) is pleased to announce mobilization is underway for the inaugural drill program at its flagship Alturas West Project (the "Project" or "Alturas West"), located in the Slocan Mining Division of southeastern British Columbia.2 The Company has partnered with Palliser Exploration Ltd. ("Palliser") to support field operations for the fully permitted 2026 exploration campaign.
The 2026 exploration program at Alturas West (the "Program") is designed to systematically advance high-priority antimony targets through a combination of drilling, surface exploration, and early-stage metallurgical evaluation. Mobilization activities are currently underway, including staging of equipment, establishment of field infrastructure, and coordination of helicopter-supported operations ahead of drilling commencement.
The initial drill pads have been positioned to test the antimony-bearing shear zone associated with surface rock chip samples returning up to 69.98% Sb. The inaugural drill Program has been designed to evaluate the continuity of mineralization at depth.
Scott Walters, Chief Executive Officer of Maxus, commented: "Mobilizing for our first drill program at Alturas West marks a major milestone for Maxus as we transition from target generation into systematic drill testing. Through the integration of modern geophysics, historical exploration data, prospecting, and structural modeling, we believe that we have identified several compelling targets with strong discovery potential. With antimony now recognized as a strategically important critical mineral, we believe Alturas West represents a rare opportunity to evaluate a historically productive antimony district using modern exploration techniques. We are also pleased to be working alongside Palliser Exploration as we execute this important next phase of exploration at Alturas West."
2026 Exploration Program Highlights – Alturas West
Approximately two thousand (2,000) metres of helicopter-supported diamond drilling focused on high-priority exploration targets and depth-testing of known zones of surficial antimony and polymetallic mineralization;
Drill targets refined through integration of newly acquired VTEM airborne geophysical data, recent prospecting results, and 3D structural modeling;