GERMANIUM MINING Corp. announced it has increased the size of its 100% optioned Lac du Km 35 Germanium property, located near the mining town of Chibougamau, Quebec. The property has been strategically expanded by 4 mineral claims covering over 221 hectares and now comprises a total of 79 claims covering an area of 4,371.28 hectares (43.7 square kilometres).
Property Description. The FSZ dips to the south-southwest and ends to the Grenville front, which extends southwest-northeast for several hundreds of kilometres. The Grenville front separates the Abitibi greenstone belt from younger Mesoproterozoic rocks and is only a few kilometres to the east of the property.
The FSZ is an important feature that could have been joined by other permeable zones at depth 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 that comprises amphibolites and hornblende and biotite gneisses. The Laganiere showing returned a value of 0.02% (186 parts per million) Germanium.
These results are considered historical in nature. A qualified person has not completed sufficient work to verify these historical results, and the Company is not treating these historical results as current mineral resources or mineral reserves. The Laganiere germanium showing is located right alongside the main lumber road and immediately adjacent to the south to a cluster of electromagnetic anomalies of roughly 400 metres by 400 metres in size that were never tested.
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. Apart from regional mapping and sampling of government geologists, the Laganiere germanium show area remains vastly underexplored and overlooked and constitutes the prime focus for the Company. Recent exploration work performed in 2024, consisting of prospecting and sampling, allowed the company to collect 39 outcrop samples.
Values up to 0.27% nickel, 0.04% cobalt, 0.24% copper and 0.21 gram per tonne gold were obtained from these samples. The highest zinc value is 0.07% and only three samples had overall zinc values over 0.05%. The Company has made a second amendment to the Mineral Property Option and Purchase Agreement dated January 14th 2025 (the "Purchase Agreement"), as amended by an amending letter agreement dated April 22 nd, 2025 (the "First Amendment") whereas in consideration for the acquisition of the Additional Claims, the Company shall issue to the Vendor an aggregate of 200,000 units of the Company (the "Units") only after the work has been executed and acknowledged by the Ministry of Natural Resources of Quebec (MNR).
Each Unit shall consist of one common share in the capital of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one additional Share at an exercise price of $0.60 per Share for a period of 24 months from the date of issuance. The issuance of the Units is subject to compliance with applicable securities laws and the policies of the Canadian Securities Exchange (the "CSE"), including any required acceptance for filing.
The securities issued pursuant to this Second Amendment will be subject to a four-month plus one day hold period. Azure Ridge. The Company has completed a brief field reconnaissance program at the Company's optioned Azure Ridge Historical Mine.
The program consisted entirely of site reconnaissance and geological observations. This work is preliminary in nature and is intended to support the Company's understanding of the property. No conclusions regarding economic viability can be drawn at this stage.
Qualified Person.
