Makenita Resources Inc. has significantly increased its presence in central New Brunswick, more than doubling the land footprint of its Sisson West tungsten project to 22,665 acres, the company announced July 27.
Strategic expansion beside established deposit
The additional claim acquisitions enlarge the contiguous package from an initial 9,845 acres to 22,665 acres, placing Makenita's ground directly alongside the known Sisson tungsten deposit. The company said the move follows positive results from a 2026 airborne magnetic survey that highlighted a clearly defined magnetic high and a drill‑ready target.
In its release, Makenita described the newly added claims as targeting further strike extent along a favourable southwest–northeast structural trend identified in a Magnetic Vector Inversion interpretation of the survey data. Company management said a drill program is being formulated for the property.
What the company says
"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," said Jason Gigliotti, president of Makenita Resources.
The company also highlighted its capital structure, noting a relatively tight share count of just over 35 million shares outstanding, which management said provides meaningful leverage to exploration success.
Local and regional context
The Sisson deposit — now the site of the Sisson Tungsten Mine project — has broader significance for the province and the country. The source material notes the federal government recently designated Sisson as one of its first "nation‑building" projects. Proximity to a major deposit can accelerate permitting, infrastructure sharing and potential economic spillover for nearby communities if exploration advances to development.
While Makenita's announcement focuses on geophysical data and planned drilling, any future activity would be subject to regulatory approvals, environmental assessment processes and community consultation. Local stakeholders and municipal officials will likely be watching for details on the timing and scope of proposed fieldwork and any subsequent development plans.
Key technical and corporate details
- Land package increased from 9,845 acres to 22,665 acres.
- New targets identified from the 2026 airborne magnetic survey.
- Company reports just over 35 million shares outstanding.
- Management is planning a drill program based on the interpreted targets.
| Item | Value |
|---|---|
| Previous land area | 9,845 acres |
| Expanded land area | 22,665 acres |
| Shares outstanding | Just over 35 million |
What comes next
Makenita said the airborne data and compiled regional historical information have been evaluated and that a drill program is being formulated. The company previously issued results on July 20 identifying the magnetic high and describing the target as drill‑ready.
For residents and regional observers, the immediate items to watch are announcements about drill timing, planned access routes, contractor hires and potential community engagement sessions. Exploration programmes typically involve baseline environmental and engineering studies, and companies working in New Brunswick are required to follow provincial regulations and consult with local authorities and, where applicable, Indigenous communities.
The expansion underscores continued interest in critical minerals in Atlantic Canada. Tungsten is used in a range of industrial applications and has been categorised by governments as a material of strategic importance. Proximity to an established project such as Sisson may increase the technical and commercial interest in adjacent claims, as evidenced by Makenita's rapid increase in land position.
The company did not provide a firm timetable for drilling in its July 27 release. It said technical contents of the announcement were reviewed and approved by a qualified person, Alan King, P.Geo., who is arm's length to the company.
Observers will be looking for further technical reports, work permits and any community consultation plans that detail how exploration will be conducted and how potential impacts will be managed.
