- The massive 23,571-acre hydrogen project was announced today
- Just over 30 million shares. Narrow share structure
- Start the main news flow cycle
- Great marketing plan to get started
Makinita Resources Corporation (“Company” or “Maknita”) (Kenny: CSE) (A40X6P: WKN) (KenevOTCID (OTCID) is pleased to announce that it has acquired the “Serpentinization Iron-Magnetite Project” in Saskatchewan. This project consists of 23,517 contiguous acres on Max Power Corp’s immediate border in Saskatchewan. This project has potential for iron and magnetite.
“This project has a huge footprint in a known potential area for iron and magnetite,” said Jason Gigliotti, President of Makenita Resources Inc. “In certain cases when you have large iron formations rich in certain minerals, such as magnetite, you can stimulate iron formation to produce naturally occurring hydrogen.” This project is right on the border with Max Power Corp (Maxx). With just over 30 million shares outstanding, any success on the ground would have a tangible impact on the company given such a small float. Management expects We are very active the remainder of the year on multiple projects and I am very optimistic about the near and medium-term outlook for Macnita.
Qualified person
The technical contents of this release have been reviewed and approved by Frank Payne, PGeo, a director of the Company and a Qualified Person as defined in National Instrument 43-101.
About Makinita Resources
Makinita currently has several projects located in Canada. The Sisson West Tungsten Project, consisting of approximately 9,845 contiguous acres of tungsten potential, is located in New Brunswick immediately bordering Northcliff Resources Ltd.’s Sisson Tungsten Mine. (NCF), as well as the 23,517-acre Serpentinization Iron-Magnetite Project in Saskatchewan bordering Max Power Corp. Makinita also owns an approximately 9,000-acre “NTX Rare Earth Project” in Quebec with potential rare earth potential. Finally, McKenita owns the 5,542-acre Hector property located near Cobalt City, Ontario, which is famous for its cobalt, silver and diamonds. Management cautions that previous findings or discoveries on properties near Makinita may not necessarily be indicative of the presence of mineralization on the Company’s properties.
This land was acquired by cadastral signing.
Makinita Resources Corporation
“Jason Gigliotti”
Jason Gigliotti
President, CEO and Director
For more information about this press release, please contact:
Makinita Resources Corporation
Jason Gigliotti, President, CEO and Director
Phone: 604-609-6527
E: (email protected)
Th: www.makenitaresources.com
CSE has neither approved nor disapproved the contents of this press release.
Forward-looking statements
Certain information in this press release may contain forward-looking statements that involve significant known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as “will,” “may,” “should,” “expect,” “anticipate” and similar expressions. All statements other than statements of historical fact contained in this press release are forward-looking statements that involve risks and uncertainties. Such statements cannot be guaranteed to be accurate and actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned that the assumptions used in preparing any forward-looking information may prove to be incorrect. Events or conditions may cause actual results to differ materially from those anticipated, as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond Makinita’s control. The reader is cautioned not to place undue reliance on any forward-looking information. Although such information is considered reasonable by management at the time of preparation, it may prove incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements 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.
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