Maxtech Expands Phase 2 Exploration Due to High-Grade Manganese Assay Results
VANCOUVER, BC--(Marketwired - May 18, 2017) - Maxtech Ventures Inc. (CSE: MVT) (CSE: MVT.CN) (CNSX: MVT) (FRANKFURT: M1N) (OTC PINK: MTEHF), ("Maxtech" or the "Company") is pleased to report that it is expanding exploration activities on Juina claims in Mato Grosso, Brazil.
Maxtech's auger drilling program is being rapidly expanded and carried out on the pre-selected zone at the DNPM 866 271/2017, focusing on sub surface occurrences of manganese bearing cobble horizons up to 60 cm in thickness. Details of the high-grade manganese analyses were announced by the Company in a news release on April 28th. , showing assay values of 52.9% Mn, 55.9% and 51.5% Mn. Additional follow-up with drilling and prospecting near positive holes from Phase 1 exploration will continue. Basic topographic surveys of areas with positive results, combined with a series of lateral holes to address continuity and tonnage will be part of this next phase of work on the ground in Juina.
Due to the positive results the Company will be adding to the team in Brazil immediately. Mapping and delineation of the mineralised zones in addition to the ongoing prospecting is key to future exploration activities on the Juina claims and other acquisitions in Brazil.
Peter Wilson, CEO of Maxtech said, "In order to capitalize on the recent exploration success on our Juina claims it is imperative we expand the scope of our operations. Our Brazilian team is already finding new areas with exactly the same type of mineralisation we encountered previously. We anticipate phase 2 results in the coming weeks."
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 projects 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, and 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.
Contact
Peter Wilson
Email: info@maxtech-ventures.com
Phone: 604-484-8989