Maxtech Ventures continues exploration on Juina claims
Maxtech Ventures Inc (2) (C:MVT)(OTCBB:MTEHF)
Shares Issued 48,786,448
Last Close 5/10/2017 $0.47
Thursday May 11 2017 - News Release
Mr. Peter Wilson reports
MAXTECH DETAILS EXPLORATION PROGRAM ON JUINA CLAIMS IN MATO GROSSO, BRAZIL
Maxtech Ventures Inc. has detailed its phase 1 manganese exploration program on the Juina claims in Mato Grosso, Brazil.
The company initiated its phase 1 exploration program in Brazil on March 3. After an intensive review of the filed National Instrument 43-101 Brasnorte summary research report prepared by John Harper, PGeol, and announced on March 30, groundwork was scheduled on the four Juina claims located north of Juina, Mato Grosso. 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 Laboratorios 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.
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© 2017 Canjex Publishing Ltd.
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