en.Wedoany.com Reported - Canadian junior resource exploration company Makenita Resources (CSE:KENY | WKN:A40X6P | OTCID:KENYF) has expanded its serpentinized iron-magnetite project in Saskatchewan from 51,304 acres to 116,149 acres, reaching district-scale proportions. The company's management stated that it plans to initiate related work immediately.

The project borders the project area of Max Power Mining (CSE:MAXX). Makenita noted that the region holds exploration potential for iron and magnetite. Makenita President Jason Gigliotti said the increase in project acreage comes at an opportune time amid the company's significant growth. Gigliotti stated that the project demonstrates strong potential for iron and magnetite, and in certain large magnetite-rich iron formations, the strata can be stimulated to generate natural hydrogen. He also added that Makenita is entering the most active growth period in the company's history, and the company has added additional marketing efforts to help disseminate information to a broader audience.

Gigliotti noted that Makenita has just over 35 million shares outstanding, meaning any success on the ground could have an outsized impact on the company. Management is very optimistic about the company's short-term and long-term goals and plans to work as hard as possible for shareholders.

This expansion comes one month after Makenita had already increased the project's land area from 23,517 acres to 51,304 acres. Makenita Resources is a Canadian junior resource exploration company focused on assembling low-risk asset portfolios during the exploration stage.

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