Maxtech Details Exploration Program on Juina Claims in Mato Grosso, Brazil
VANCOUVER, BC--(Marketwired - May 11, 2017) - Maxtech Ventures Inc. (CSE: MVT) (CSE: MVT.CN) (CNSX: MVT) (FRANKFURT: M1N) (OTC PINK: MTEHF), ("Maxtech" or the "Company") details Phase 1 Manganese Exploration Program on Juina claims in Mato Grosso, Brazil.
The company initiated its Phase 1 Exploration Program in Brazil on March 3rd. After an intensive review of the filed NI 43-101 Brasnorte Summary Research Report prepared by John Harper P.Geol. and announced on March 30th, ground work was scheduled on the 4 Juina claims located north of Juina, MT. The claim package totals 39,667.89 hectares in size.
Maxtech's exploration work performed to date focused on claim 866872/2016, part of the Juina claim group. In this area 3 pits were hand dug and samples sent to SGS Geosol Laboratórios LTDA, Belo Horizonte, Brazil for analysis. The 3 assays were received by Maxtech and analyses details were announced by the Company in a news release on April 28th. The samples returned the following assay values; MLB-01 52.9% Mn, MLB-02 55.9% Mn and MLB-03 51.5% Mn. Further to initial pitting there were 16 auger holes drilled covering an area 50 m by 25 m, centered around pit MLB-03. The mineralized horizon occurred from surface to an average depth of 0.6 m. Some peripheral auger holes did not encounter Mn at the surface but are now being followed up with further prospecting and remain open as exploration continues. Pits MLB-01 and MLB-02, located in the same claim, were sampled and also returned high assay values for manganese. These mineralized pits have not yet been followed up. Detailed exploration is on-going.
The Maxtech team is Brazilian based and organized by MLB Mining and Marcio Bastos who has led successful manganese exploration teams for companies in the region. Mr. John Harper B.Sc., P.Geol, who is a Qualified Person with respect to Maxtech's manganese project as defined under National Instrument 43-101 is in charge of all exploration activities for the Company in Brazil.
Peter Wilson, CEO said, "The company's preliminary assay results are fantastic, therefore Phase 2 exploration will be immediately ramped up. The grades of Mn found are directly attributable to our on-the-ground prospecting team in Brazil."
The technical information contained in this news release has been reviewed and approved by Mr. John Harper B.Sc., P.Geol, who is a Qualified Person with respect to Maxtech's manganese project as defined under National Instrument 43-101.
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian based diversified industries corporation with gold and manganese mineral properties. Its focus is on mining and the products that are derived therefrom.
For additional information see the Company's web site at http://www.maxtech-ventures.com
Further information about the Company is available on www.SEDAR.com under the Company's profile.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
