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Makenita Resources "More Than Doubles" Its Saskatchewan Serpentinization Iron-Magnetite Project to 116,149 Contiguous Acres

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Makenita Resources (KENY.CN) has "more than doubled" its Serpentinization Iron-Magnetite Project in Saskatchewan, growing the contiguous land package from 51,304 acres to a district-sized 116,149 acres, it said on Friday.

The project directly borders Max Power Corp (MAXX.CN) and is prospective for iron and magnetite, said the company and added that management is currently formulating plans to begin work as soon as possible.

The project targets iron and magnetite, with additional upside potential for naturally occurring hydrogen production by stimulating iron-rich magnetite formations through serpentinization, added the company.

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