Mr. Mario Pezzente reports
GERMANIUM MINING CORP. COMPLETES SUMMER FIELD WORK AND AWAITS ASSAY RESULTS AT ITS 100% OWNED LAC DU KM 35 GERMANIUM PROPERTY IN QUEBEC
Germanium Mining Corp. has completed summer fieldwork, consisting of systematic and detailed mapping and sampling, with an emphasis on the Laganiere showing area. A total of 192 outcrops were mapped and sent to the laboratory a total of 115 rock samples that will be assayed for, among others, germanium, copper, zinc and gold. Another five samples were also included for quality control purposes for a total of 120 samples. The company expects to get assay results by mid-October, 2026.
Mario Pezzente, chief executive officer, commented:
"We have strategically expanded our 100-per-cent-owned Lac du Km 35 germanium property ahead of the active 2026 exploration season to allow for potential additional discoveries contiguous to the north of the
Laganiere showing that
hosts the highest-grade germanium sample in the province of Quebec at 186 parts per million. We are
excited to receive shortly TDEM [time-domain electromagnetic] survey results with a goal of outlining new conductors in the vicinity of the Laganiere germanium showing on this highly prospective critical metal project. Germanium Mining Corp. is focused on unlocking strategic resources in stable jurisdictions to potentially contribute to a more secure and resilient North American supply chain."
Magnetic airborne survey results
The survey covered the whole property at a line spacing of 50 metres, which allowed a clear and accurate outline of the Faribault shear zone, particularly near the Laganiere showing area. Toward the southern boundary of the property, an east-northeast structure was also outlined transecting mafic and ultramafic intrusives, consisting of an assemblage of gabbro and pyroxenites. Both these areas, the Laganiere germanium showing and that east-northeast structure, were prospected in details.
The survey also highlighted a new east-west corridor that is approximately three kilometres long by one kilometre wide near the western edge of the property. This corridor within a low magnetic area represents a new sector prospective for gold. A short mapping and sampling program along this new corridor is expected to begin soon this fall.
Electromagnetic ground survey results
The immediate area of 1.4 kilometres by 1.4 kilometres surrounding the Laganiere showing was surveyed at a line spacing of 100 metres and stations at every 25 metres. Strong conductors were outlined underneath the Laganiere germanium showing at depth. Modelling and interpretation of these conductors will determine their approximate depth and allow diamond drill targeting.
In addition, new and strong conductors were also defined on the southwestern portion of the electromagnetic survey grid. These conductors will be modelled and interpreted as well and represent potential drill targets. Surface expressions of these conductors were prospected during summer exploration program.
Coming diamond drilling program
Upon receiving assay results and interpretation of the ground electromagnetic survey, Germanium Mining will begin drill targeting and apply for drill permits. The first phase of diamond drilling will aim to reach the discovery-hole stage. The campaign is planned to consist of six to 10 holes for a total of approximately 2,500 metres that are planned to be drilled early in 2027.
Current sample results returned approximately 0.02 per cent (186 parts per million) germanium at the Laganiere showing, currently the highest-grade germanium sample in the province of Quebec to date.
Lac du Km 35 property
The 100-per-cent-owned Lac du Km 35 germanium property is approximately 40 kilometres east of the mining town of Chibougamau in the Nord-du-Quebec region of Quebec and offers excellent access through Highway 167 and a main logging road that intersects the property.
The property comprises the prominent Faribault shear zone (FSZ), oriented east-southeast and located toward the eastern part of the property. The FSZ dips to the south-southwest and ends to the Grenville front, which extends southwest-northeast for several hundreds of kilometres. The FSZ is a key structural feature that may connect with other permeable zones at depth, acting as a preferential conduit for hydrothermal fluids.
Discovered by government geologists in 1998 and never followed up, the Laganiere germanium showing consists of a peridotite outcrop within the Laganiere gneissic complex, which comprises amphibolites and hornblende and biotite gneisses. The Laganiere showing returned a value of 0.02 per cent (186 parts per million) germanium and is currently the highest germanium value ever reported from an outcrop in the province of Quebec.
The Laganiere germanium showing is also 450 metres northeast of the FSZ, 800 metres from the southern margin of the Duberger felsic pluton and approximately two kilometres to the west of the Grenville front. The area between the FSZ and the Laganiere germanium showing, including electromagnetic anomalies, was never drill tested and will be the main focus of Germanium Mining.
About germanium
Germanium is a hard, greyish and brittle metalloid. Germanium has many growing applications in electronics and solar, fibre optics, and infrared optics for civil and military uses. Germanium is in the list of critical metals in Canada, the United States and the European Union.
Since Dec. 3, 2024, China, the largest producer of refined germanium, has banned germanium exports to the United States. Germanium is not an openly traded commodity and recent spot prices have germanium over $5,000 (U.S.) per kilogram.
The company cautions that the geological information provided in this news release is of historical nature and mineralization may not be representative of mineralization on the Lac du Km 35 property.
Qualified person
Benoit Moreau, PEng, a qualified person as defined by National Instrument 43-101, and vice-president of exploration for Germanium Mining, has prepared and is responsible for the technical information contained in this news release.
About Germanium Mining Corp.
Germanium Mining is a publicly traded mineral exploration company focused on the exploration and advancement of discovery-stage mineral properties in top-tier mining jurisdictions across North America.
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