
Makenita Resources More Than Doubles Land Position on Sisson West Tungsten Deposit in New Brunswick
Newsfile Corp
Published: Jul 24, 2026, 04:01 PM GMT+9
Sentiment Analysis
Additional claims acquired following positive initial results from the 2026 airborne magnetic survey, more than doubling the project's footprint to 22,665 acres. Expansion targets additional strike extent along the favorable SW-NE structural trend identified in the recent Magnetic Vector Inversion interpretation. Tight share structure: with just over 35 million shares outstanding, management sees meaningful leverage to exploration success across an active remainder of 2026. Makenita Resources Inc. (CSE: KENY) (WKN: A40X6P) (OTCID: KENYF) ("Makenita") is pleased to announce that it has acquired additional mineral claims at its Sisson West Tungsten Project in New Brunswick, more than doubling the projects land package from 9,845 acres to 22,665 contiguous acres, directly bordering Northcliff Resources Ltd.'s (NCF) Sisson Tungsten Mine. Jason Gigliotti, President of Makenita Resources, commented: "This is a very exciting time for Makenita. More than doubling our land position directly against the Sisson deposit, at a time when Sisson has been named a nation-building project by the federal government, speaks to the strategic value of this ground. With just over 35 million shares outstanding, management sees meaningful leverage to any exploration success, and we anticipate an active remainder of 2026 across multiple projects." The expansion follows the Company's July 20, 2026, announcement identifying a clearly defined magnetic high and drill-ready target on the original property. The airborne data and regional historical data have been compiled and evaluated, and a drill program is being formulated for the property. This comes at a time when the Sisson Tungsten Mine, which Makenita's project directly borders, was recently named one of the first nation-building projects by Prime Minister of Canada, Mark Carney. The technical contents of this release were reviewed and approved by Alan King, PGeo, arm's length to the company and a qualified person as defined by National Instrument 43-101. This new acreage was acquired via staking. Makenita currently has several projects located in Canada, including the 102,110-contiguous-acre 'Serpentinization Iron-Magnetite Project' in Saskatchewan bordering Max Power Mining Corp. Makenita also has the 22,665-contiguous-acre 'Sisson West Tungsten Project', prospective for Tungsten in New Brunswick directly bordering Northcliff Resources Ltd.'s (NCF) Sisson Tungsten Mine, as well as the ~9,000-acre 'NTX Rare Earth Project' in Quebec prospective for rare earths. Lastly, Makenita has the 5,542-acre 'Hector Project' in the vicinity of Cobalt, Ontario, which is prospective for cobalt, silver and diamonds. 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.
Source: Newsfile Corp
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