Makenita Resources Commences Drilling at Hector Silver Project in Ontario
Rhea-AI Summary
Makenita Resources (OTC:KENYF) has initiated drilling operations at its Hector Silver-Cobalt Project in Ontario's Larder Lake Mining Division. The maiden drill program targets areas identified through 522.9 line-kilometres of airborne magnetic and VLF-EM surveys.
Key target areas include the Block 9 silver anomaly, which historically yielded up to 326 g/t silver, and the South Keora shaft, a historic prospect with reported grades of 12-15% cobalt and up to 1,000 oz/ton silver from 1913 sampling. The program aims to test silver and cobalt targets based on an updated structural model.
Positive
- Historical high-grade samples from South Keora shaft showed exceptional grades of 12-15% cobalt and up to 1,000 oz/ton silver
- Previous drilling at Block 9 yielded significant silver grades of up to 326 g/t
- Comprehensive 522.9 line-kilometres of airborne magnetic and VLF-EM surveys completed to refine drilling targets
Negative
- Project is still in early exploration phase with no defined mineral resources
- Historical results may not be indicative of current mineralization
News Market Reaction 1 Alert
On the day this news was published, KENYF declined 4.59%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2025) - Makenita Resources Inc. (CSE: KENY) (OTC Pink: KENYF) (WKN: A40X6P) is pleased to announce that drilling has officially commenced at its Hector Silver-Cobalt Project, located in the historic Larder Lake Mining Division of Ontario.
Mobilization to site was completed on schedule, and the drill is now turning on the project's highest-priority targets. These include areas highlighted through detailed geological interpretation and recent fieldwork, including regions newly exposed due to wildfire-related clear-cutting.
The maiden drill program is designed to test silver and cobalt targets informed by an updated structural model derived from 522.9 line-kilometres of airborne magnetic and VLF-EM surveys conducted. This data has been critical in refining drill targeting.
A key area of interest is the Block 9 silver anomaly, historically drilled by Teck in the early 1970s. Shallow diamond drilling in this zone returned assay results of up to 326 grams per tonne silver (9.5 oz/ton) (Assessment File 31M05SE0075). The program will also test the South Keora shaft, a historic high-grade prospect mapped over a 100-metre strike length, where sampling from as early as 1913 reportedly returned 12
Management cautions that past results or discoveries on properties near Makenita's may not necessarily indicate mineralization on the company's property. (https://www.makenitaresources.com/wp-content/uploads/2025/06/20240918-Makenita-Hector-NI-43-101-updated_reduced.pdf)
"This is an exciting moment for Makenita and our shareholders," said Jason Gigliotti, President and CEO of Makenita Resources. "With drilling now underway, we are actively testing the targets we've been developing over the past year and are optimistic about what we might uncover. This is a key step forward in realizing the exploration potential of the Hector Project."
Situated in a prolific mining district with a strong history of silver and cobalt production, the Hector Project remains a cornerstone asset in Makenita's exploration portfolio.
Qualified Person:
Kristopher Raffle, P.Geo., Principal of APEX Geoscience Ltd., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical content of this news release.
For further information, please contact:
Jason Gigliotti
President, CEO & Director
604-609-6527
info@makenitaresources.com
www.makenitaresources.com
The CSE has neither approved nor disapproved of the contents of this press release.
Forward Looking Statements
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Makenita. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Makenita disclaims any intention or obligation to update or revise such information, except as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256986
FAQ
What are the historical silver grades at Makenita Resources' (KENYF) Hector Project?
Where is Makenita Resources' (KENYF) Hector Silver-Cobalt Project located?
What are the cobalt grades reported at KENYF's South Keora shaft?
What exploration work has Makenita Resources completed at the Hector Project?
How extensive is the South Keora shaft mineralization at KENYF's Hector Project?
