Makenita Resources Engages Drilling Contractor for Maiden Drill Program at Hector Silver Project in Ontario

Rhea-AI Summary

Makenita Resources (KENYF) has engaged Vital Drilling Services to commence its maiden drill program at the Hector Silver Project in Ontario's Larder Lake Mining Division. The project covers 2,243 hectares across 126 contiguous unpatented mineral claims. The drilling program will target high-priority areas identified through geological interpretation and recent fieldwork, including the Block 9 silver anomaly, which historically yielded 326 g/t silver, and the South Keora shaft area, where historic sampling reported 12-15% cobalt and up to 1,000 oz/ton silver. The program is guided by structural models derived from airborne magnetic and VLF-EM surveys conducted between 2017-2021. Drilling is expected to begin in late June 2025, marking a significant milestone in the company's exploration efforts.

Positive

• Historic high-grade samples from the property showed promising results: 326 g/t silver at Block 9 and up to 1,000 oz/ton silver with 12-15% cobalt at South Keora shaft
• Project is strategically located in the proven Larder Lake Mining Division with a history of silver and cobalt production
• Company has modern geological data from 522.9 line-kilometers of airborne magnetic and VLF-EM surveys to guide drilling
• Property size is substantial at 2,243 hectares with 126 contiguous claims

Negative

• This is a maiden drilling program with no proven resources yet
• Historic results may not be indicative of current mineralization as stated in the cautionary note
• Early-stage exploration project with inherent geological and operational risks

Vancouver, British Columbia--(Newsfile Corp. - June 18, 2025) - Makenita Resources Inc. (CSE: KENY) (OTC Pink: KENYF) (WKN: A40X6P) is pleased to announce that it has engaged Vital Drilling Services, based in Sudbury, Ontario, to conduct its maiden drill program at the Hector Silver Project. Mobilization to site is underway, with drilling expected to commence later this month.

Located in the historic Larder Lake Mining Division, the Hector Property comprises 126 contiguous unpatented mineral claims covering 2,243 hectares. The initial phase of drilling will focus on high-priority targets identified through geological interpretation and recent fieldwork, including areas newly accessible due to wildfire-related clear-cutting.

The program is designed to test new silver and cobalt targets informed by an updated structural model derived from airborne magnetic and VLF-EM surveys conducted between 2017 and 2021. These surveys, totaling 522.9 line-kilometres, underpin the targeting approach.

One key area of focus is the Block 9 silver anomaly, historically explored by Teck in the early 1970s. Historic shallow diamond drilling in this area returned assays of results including 326 grams per tonne silver (9.5 oz/ton) (Assessment File 31M05SE0075). Drilling will also target the South Keora shaft, a historic high-grade prospect mapped over a 100-metre strike length, where sampling from around 1913 reportedly returned 12-15% cobalt and up to 1,000 oz/ton silver (Mineral Inventory MDI31M05SE00131). Management cautions that past results or discoveries on properties in proximity to Makenita may not necessarily be indicative of the presence of mineralization on the company's properties (https://www.makenitaresources.com/wp-content/uploads/2025/06/20240918-Makenita-Hector-NI-43-101-updated_reduced.pdf).

"This marks a significant milestone for Makenita," said Jason Gigliotti, President and CEO of Makenita Resources. "With drilling about to begin, we are eager to test the geological models we've developed and validate the historic mineralization reported on the property. We believe the Hector Project could hold substantial exploration potential, and this campaign is the first step in potentially unlocking that value for our shareholders."

Situated in a proven mining district with a rich legacy of silver and cobalt production, the Hector Project is positioned as a core strategic asset for Makenita as it advances its 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/255900

FAQ

When will KENYF start drilling at the Hector Silver Project?

Drilling is expected to commence in late June 2025, with mobilization to the site currently underway.

What are the historical silver grades at KENYF's Hector Project?

Historical results include 326 g/t silver at Block 9 and up to 1,000 oz/ton silver with 12-15% cobalt at the South Keora shaft area.

How large is Makenita Resources' Hector Silver Project?

The Hector Property comprises 126 contiguous unpatented mineral claims covering 2,243 hectares in the Larder Lake Mining Division.

What type of exploration data has KENYF collected at the Hector Project?

The company has conducted airborne magnetic and VLF-EM surveys between 2017 and 2021, totaling 522.9 line-kilometres, which inform their targeting approach.

Who is conducting the drilling program for KENYF at Hector?

Vital Drilling Services, based in Sudbury, Ontario, has been engaged to conduct the maiden drill program.