Thursday, July 13, 2017 11:31:47 AM
Maxtech starts next stage of exploration in Brazil
Maxtech Ventures Inc (2) (C:MVT)
Shares Issued 49,186,448
Last Close 7/6/2017 $0.32
Thursday July 13 2017 - News Release
An anonymous director reports
MAXTECH CONTINUES EXPLORATION PROGRAM ON CLAIMS IN MATO GROSSO, BRAZIL
Maxtech Ventures Inc. has begun the next stage of exploration and is applying for a GUIA trial mining licence.
An application is being prepared and will be submitted to the DNPM (National Department of Mineral Production, Departamento Nacional da Producao Mineral) in August for a GUIA (guia de utilizacao (trial mining use permit)) licence allowing the company to mine and process initial high-grade surface tonnage (as released on May 4). Subject to permitting, mining will commence on the Juina claims to a maximum 6,000 tons of manganese-bearing material permitted under each GUIA.
Maxtech has also engaged John Harper, BSc, PGeol, to update the recently published regional independent National Instrument 43-101 technical report (as filed on March 30) on its manganese projects in the state of Mato Grosso, Brazil. The updated report will provide additional anaylsis of samples taken from auger drilling and pitting from the second phase of exploration.
Mr. Harper has worked in the region since 2006, initially conducting exploration and bulk sampling of diamond-bearing kimberlites. From 2008 he has reviewed, mapped and developed numerous (about 100) manganese showings, several of which were or currently are in production. Mr. Harper is an international mineral exploration geoscientist and consultant with over 40 years industry experience in base and precious metals, manganese, uranium, and diamond exploration. He is a member in good standing of the Association of Professional Engineers and Geoscientists of Alberta (APEGA) and Ontario (APGO). His international experience has taken him to projects throughout North America, Brazil and Africa. For the past several years, his expertise has taken him to Brazil where he has managed comprehensive exploration programs for Meridian Mining SE on its manganese claims.
The technical information contained in this news release has been reviewed and approved by Mr. Harper, 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 is a Canadian-based corporation with gold and manganese mineral properties. Its focus is on mining and the products that are derived therefrom.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd.
Read more at http://www.stockhouse.com/companies/bullboard/v.mvt?postid=26464873#moQQxH1aM3UQzVDg.99
Recent MTEHD News
- Dually-Listed Junior Miner Finds Massive Success • AllPennyStocks.com • 08/15/2023 08:10:00 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM