Garfield Hills Property | Nevada
Geophasic Exploration LLC, is preparing for phase 1 of the Company’s exploration program on its 128 mineral claims located in Mineral County, Nevada, United States, known as the Garfield Hills property. Crews are anticipated to mobilize on February 3rd, 2026.
The proposed work on the Garfield Hills property will be focused on identifying the potential for porphyry-related mineralization styles present in the Pamlico district. Most historic exploration and production in the Pamlico district have focused on skarn and carbonate replacement deposits found in country rocks around a Cretaceous intrusion beneath much of the Garfield Hills property. Additionally, mineralized quartz veins can be present within the intrusion that can host gold, silver and copper.
The planned exploration will consist of soil sampling, rock sampling, and geologic mapping of the rocks present on the property known to host mineralization elsewhere in the district. Identifying uranium mineralization outboard of the areas focused on by prior operators will be an additional goal of the planned exploration.
Jag Bal, President of Lexston states, “We are excited to begin our Phase 1 Work Program on our Garfield Project which borders Guardian Metal Resources, and where Guardian has recently completed extensive work. Guardian has stated on their website, three-dimensional (“3D”) inversion modelling of magnetic data highlights two large deep seated intrusive/magnetic bodies at the High-Grade and Power Line Zones, these have a vertical extent of over 800 m and appear to continue below the depth of investigation of the ground magnetic survey. We are focusing work in these areas.”
The Company entered into an assignment agreement with 2730573 Alberta Ltd., an Alberta corporation, and Imperium Mine Supply Corp. (a Nevada company and a subsidiary of 2730573 Alberta Ltd.) and three individual optionors dated November 18, 2025 (the “Assignment Agreement”) and was assigned the Option To Acquire the Garfield Hills Property Term Sheet between 2730573 Alberta Ltd. and three individual optionors dated August 31, 2025 (the “Term Sheet”) and the Definitive Option Agreement between Imperium Mine Supply Corp. and three individual optionors effective as of October 22, 2025 (the “Option Agreement”).
Dory Property | British Columbia
The Company entered into the Dory Property Option Agreement dated January 18, 2023 (the “Option Agreement”) with Nicholas Rodway (the “Optionor”) to acquire up to 100% interest in the mineral property, generally known as the “Dory Property” consisting of four (4) mineral claims #1098125, #1098126, #1098127 and #1098419 located 25 km west of Port Alberni in British Columbia. The size of the Dory Property is approximately 1,348 hectares. The Dory Property has potential for copper, zinc and gold.
On June 2, 2023 the Company filed the “NI 43-101 Technical Report on The Dory Property Port Alberni British Columbia Canada” dated March 13, 2023 authored by Derrick Strickland, P. Geo (the “Report”).