12:04:08 EDT Fri 17 Jul 2026
Enter Symbol
or Name
USA
CA



Makenita Resources Inc
Symbol KENY
Shares Issued 41,235,996
Close 2026-07-16 C$ 0.145
Market Cap C$ 5,979,219
Recent Sedar+ Documents

Makenita identifies magnetic high at Sisson West

2026-07-17 10:03 ET - News Release

Mr. Jason Gigliotti reports

MAKENITA RESOURCES IDENTIFIES CLEARLY DEFINED MAGNETIC HIGH WITHIN THE 'SISSON WEST TUNGSTEN PROJECT' DIRECTLY BORDERING THE SISSON TUNGSTEN DEPOSIT IN NEW BRUNSWICK

Makenita Resources Inc. has complied and evaluated the airborne data and regional historical data. This project is directly adjacent to the Sisson tungsten mine in New Brunswick. On Nov. 13, 2025, the Sisson tungsten mine was selected by the Prime Minister of Canada, Mark Carney, as one of the first nation-building projects. The 2026 Nu Sense detailed airborne magnetic survey (50-metre nominal flight height, 100-metre line spacing) over the Makenita property, combined with the historic Florenceville regional aeromagnetic data set, has identified a local magnetic high directly on Makenita ground. This is interpreted from magnetic lineaments and a 3-D magnetic vector inversion (MVI) magnetic inversion as a possible new, secondary intrusion at depth on the west flank of the large central Devonian Howard Peak granodiorite. This is a similar environment to the Sisson tungsten-molybdenum deposit, which is just to the northeast along the main southwest-northeast structural trend on the eastern side of the Howard Peak granodiorite. 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.

Structurally, large southwest-northeast-trending features mapped from the Mag 1VD (first vertical derivative) magnetic data appear to cut across the batholith and extend from the Sisson area onto Makenita property. These are interpreted as potentially controlling structures similar to the structural setting associated with vein-hosted mineralization at Sisson. This strengthens the case that Makenita's ground sits along a favourable structural trend rather than being geologically isolated from it.

On the geochemical side, regional tungsten-in-till data show an anomaly south and southwest of the Sisson deposit that, based on ice-flow direction and dispersal patterns, may be sourced from the western side of the felsic intrusive -- that is, from Makenita ground rather than from Sisson itself.

Jason Gigliotti, president of Makenita Resources, commented: "This is very significant news for Makenita. We now have what appears to be a clearly defined drill target with similar characteristics to the Sisson tungsten deposit next door. We are immediately formulating plans to conduct a drill plan to test this target. When you couple this major news with our recent expansion of the Serpentinization iron-magnetite project in Saskatchewan bordering Max Power Mining Corp, clearly these are very exciting times for Makenita management and shareholders, especially since there is still a very low share count outstanding."

Qualified person

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. The data gathered through the government sites have been relied upon as accurate but have not been independently verified by the qualified person.

The updated and correct acreage for the Serpentinization project should be 102,110.

About Makenita Resources Inc.

Makenita currently has several projects located in Canada, including the 102,110-contiguous-acre Serpentinization iron-magnetite project in saskatchewan bordering Max Power Mining. Makenita also has the 9,845-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 approximately 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, Ont., 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.

We seek Safe Harbor.

© 2026 Canjex Publishing Ltd. All rights reserved.