Medaro Mining Announces Completion of Desktop Study for Clay-Howells West REE Project, Ontario

About this update from Medaro Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - May 19, 2026) - Medaro Mining Corp. (CSE: MEDA) (OTCID: MEDAF) (FSE: 1ZY) ("Medaro" or the "Company") is pleased to announce the completion of a desktop study for exploration targeting at its Clay-Howells West rare earth element ("REE") Project (the "Project") located in the Kapuskasing area of the Cochrane District, northeastern Ontario. The study was prepared for Medaro by Shahab Tavakoli, P.Geo., and evaluated publicly available geological, geophysical, geochemical, and historical exploration datasets to assess REE prospectivity and establish priorities for future field programs.The desktop study integrated historical bedrock mapping, historical exploration information, rock geochemistry, Ontario Geological Survey airborne magnetic and radiometric datasets from the Smooth Rock Falls area, and regional gravity and aeromagnetic datasets (Ontario Geological Survey, 2016, 2023, and Sage, 1988). The objective of the study was to develop a coherent geological framework for the Clay-Howells West tenements, identify areas of elevated prospectivity, and recommend practical follow-up exploration work to validate priority targets and reduce geological uncertainty.Desktop Study HighlightsThe desktop study indicates that the Clay-Howells system, within which the Project is located, may host two principal styles of REE mineralization: (1) an intrusion-internal, magnetite-bearing, potassium (K)-rich syenite REE system; and (2) a contact-hosted, thorium (Th)-rich, light rare earth elements (LREE)-enriched metasomatic system developed along the intrusive margin and intrusive-paragneiss contact. The study interprets that LREE enrichment within the alkalic intrusive suite is associated with magnetite-bearing layers and moderate potassic alteration, while marginal zones may reflect a more evolved Th-dominant metasomatic style related to late-stage alkaline or carbonatitic fluids.Historical mapping and recent drilling in the adjacent Clay-Howells area, located next to the Project, support a multi-phase alkaline-carbonatite intrusive model characterized by syenite, carbonatite, magnetite-rich zones, syenite breccia and fault-alteration breccia (Sage, 1988, Canada Rare Earth Corp., 2011, Argyle Resources Corp., 2025).The regional magnetic data on the Property define broad contrasts and ring-like to linear magnetic features inter...

View stock analysis, news, and events for Medaro Mining Corp.