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Lynx Resources Corp
Symbol LYNX
Shares Issued 17,987,001
Close 2026-10-19 C$ 0.14
Market Cap C$ 2,518,180
Recent Sedar+ Documents

Lynx completes trenching, sampling at Turner's Ridge

2026-10-20 16:55 ET - News Release

Mr. Kevin Zhou reports

LYNX RESOURCES COMPLETES TRENCHING PROGRAM AT TURNER'S RIDGE PROPERTY

Lynx Resources Corp. has completed the mechanical trenching and channel sampling component of its phase 1 exploration program at the Turner's Ridge property in western Newfoundland. The phase 1 exploration program is being conducted based on the recommendations outlined in the technical report for the property prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects. A copy of the technical report can be found under the company's profile on SEDAR+.

The trenching program was designed to follow up on and further evaluate priority exploration targets refined through the company's 2026 soil sampling program. Mechanical trenching and channel sampling focused on the area surrounding the historical trench, the area near the 508,000-part-per-million (ppm) lead (Pb) soil anomaly and selected targets in the southern portion of the property. Field observations identified galena mineralization in several exposed areas, including stringer to semi-massive, breccia-infill galena. Two trenches completed in the southern portion of the property encountered unmineralized igneous intrusive bedrock beneath approximately 1.5 metres of overburden.

A total of 26 channel samples and one additional grab sample were collected during the program. The company also added six quality assurance/quality control (QA/QC) samples, for a total of 33 samples.

Following completion of the trenching and channel sampling program, the company expects to commence an induced polarization (IP) geophysical survey at Turner's Ridge. The survey will be conducted by Simcoe Geoscience Ltd., an independent geophysical contractor of the company, using its Alpha IP time-domain induced polarization/resistivity system, and will comprise a minimum of approximately 3.0 line kilometres (km) across three survey lines, each approximately 1.0 kilometre in length and spaced approximately 200 metres apart. The survey will utilize 100-metre dipole spacing and is designed to investigate to depths of approximately 300 metres. The results of the IP survey will be integrated with the company's soil sampling, trenching and channel sampling results to further refine priority exploration targets at the project.

Sampling methodology

Channel samples were collected from exposed bedrock using a portable diamond saw. Sample locations and relevant geological observations were recorded by field personnel. The QA/QC program for the channel samples includes certified reference standards, blanks and duplicates, with one of each type of QA/QC sample inserted approximately every 10th sample. The samples will be submitted to Eastern Analytical Ltd. in Springdale, Nfld., an independent laboratory of the company, for analysis once the QA/QC standards are received. The samples will be analyzed using Au (gold) 30-gram (g) fire assay and inductively coupled plasma (ICP-34). For samples that had elemental concentrations exceeding the limits of the trace geochemical package, ore-grade multiacid digestion will be used. ICP-34 uses a 200-milligram (mg) subsample that is totally dissolved in four acids and analyzed by ICP-OES (inductively coupled plasma optical emission spectroscopy). Fire assay is a lead-collection/fusion, for refinement of total subsample into a silver dore bead. The silver bead is dissolved in an aqua-regia digestion and analysis by atomic absorption (AA). Ore-grade analysis provides a higher dissolution for samples with a higher metal concentration. This is a more precise method than the trace geochemistry. Before analysis by atomic absorption, 0.200 g to 2.00 g of sample is digested with three acids.

Eastern Analytical has implemented a quality system compliant with the International Standards Organization (ISO) requirements for the competence of testing and calibration laboratories. The company regularly participates in the Canmet Round-Robin proficiency test and passes all criteria. Foreseeing the need for a globally recognized mark of quality, Eastern Analytical, in February, 2014, achieved *ISO/IEC 17025 accreditation. Samples submitted are analyzed with the strictest quality control: Blanks (analytical and method), duplicates and standard reference material (CANMET, CDN, OREAS and GEOSTAT) are inserted into the sequences of client samples.

Qualified person

Alex Bugden, PGeo, a qualified person in accordance with National Instrument 43-101 and independent from Lynx, has reviewed and approved the technical information contained in this news release.

About Lynx Resources Corp.

Lynx is a mineral resource company engaged in the acquisition and exploration of mineral resource properties. Its principal project is the Turner's Ridge property, located in Newfoundland and Labrador, Canada, in which it holds an option to acquire a 100-per-cent undivided right, title and interest. The company may, from time to time, evaluate and acquire additional mineral properties of merit.

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