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Strengthens Brazilian Management Team
Vancouver, British Columbia –November 27, 2018 – Maxtech Ventures Inc. (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF) (“Maxtech” or the “Company”) announces it is moving forward with its Brazilian vanadium exploration initiatives.
Maxtech has existing vanadium claims in Northern Brazil and has engaged Daniel Geyerhahn Garcia, CEO Goldmen Resources Brazil to liaise with the in country team and to lead the exploration plan that will identify further potential vanadium mineralization deposits in other Brazilian areas of interest where the Company has established high-grade manganese assets. Mr. Garcia has be been an active CEO for 5 years in the mining sector focused on gold exploration. He has also worked in the State of Amazonas and Pará in other projects and organized teams specialized in the development of the Ouro Apuí and Tapajós project. He also has experience in Mineral Research, Green Field Projects, Licensing environmental, DNPM (ANM) procedures among others.
Maxtech is currently in discussions with several groups who are interested in certain joint-venture exploration opportunities within the Company’s vanadium claim portfolio, This strategy aims to minimize shareholder dilution and financial risk by generating prospects and then exploring them in joint-venture funded partnerships. The Company currently holds a diverse portfolio of global vanadium prospects and has numerous strategic relationships.
Maxtech’s two vanadium claims were submitted to the Departamento Nacional de Produção Mineral (DNPM) in Brazil on July 20th 2018. The total areas of interest are 3500 hectares and they are located in the eastern Bahia State of Brazil, which is roughly 250 km southwest of Salvador and 813 km northeast of the capital of Brazil in Brasilia near the city of Maracás.
The claims are next to the producing Maracás Menchen Vanadium Mine and the Campbell pit deposit being developed by Largo Resources, which is a Toronto-based strategic mineral company focused on the production of vanadium flake, high purity vanadium flake and high purity vanadium powder.
Peter Wilson said, “In the current mining climate, joint-venture partnerships will be key to success with global assets. Daniel being on the team in Brazil will be a tremendous asset to the Company’s vanadium acquisition and exploration strategy.”
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian-based diversified industries corporation focused primarily on manganese mineral properties.
For additional information see the Company’s web site at http://www.maxtech-ventures.com
Email to info@maxtech-ventures.com
Phone: 604-484-8989
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.
Source: Maxtech Ventures Inc.
Vancouver, British Columbia – October 16th 2018 – Maxtech Ventures Inc. (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF) (“Maxtech” or the “Company”) is pleased to announce that it has concluded detailed exploration plans on its two 100% owned vanadium mineral claims in the State of Bahia, Brazil.
The applications were submitted on behalf the Company and granted by the Departamento Nacional de Produção Mineral (DNPM) in Brazil on July 20th 2018. These claims are on strike with the producing Maracás Menchen Vanadium Mine and the Campbell pit deposit being developed by Largo Resources, which is a Toronto-based strategic mineral company focused on the production of vanadium flake, high purity vanadium flake and high purity vanadium powder.
The development of the regional mineral research program to be carried out in the area in accordance with the mining authorities in Brazil and the DNPM processes. These works will be executed in accordance with environmental legislation at the state and federal levels as well. The research work will be carried out by a specialized technical geologist and the work will be developed in stages. Geological mapping throughout the area for the purpose to identify the geological formation where the mineralization of vanadium is probable with open mesh with varied steering profiles. Initially the exploration rows will be 200 by 200 meters and can be modified at the discretion of the field team.
“The Company has located and will be actively researching several other previously identified vanadium claims in Bahia during the period our geologists are in Bahia in the week. Maxtech will continue to build upon their vanadium footprint in Brazil,” stated Peter Wilson, CEO.
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian-based diversified industries corporation focused primarily on manganese mineral properties.
For additional information see the Company’s web site at http://www.maxtech-ventures.com
Email to info@maxtech-ventures.com
Phone: 604-484-8989
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.
Source: Maxtech Ventures Inc.
Vancouver, British Columbia – Maxtech Ventures Inc. (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF), (“Maxtech” or the “Company”) is pleased to announce that it has signed a joint venture agreement to work with Daniel Geyerhahn Garcia of Goldmen Resources Brazil and his partners (“Partners”) on various mining claims in the State of Minas Gerais.
This joint venture will explore for, and evaluate, the potential for acquisition of mineral deposits not limited to manganese but for vanadium and other strategic minerals with Daniel Geyerhahn Garcia in the state of Minas Gerais, Brazil. This agreement provides the framework and opportunity for Maxtech to access projects currently owned or currently under negotiation. The strategic alliance between MVT and the Partners will help fast-track claims with Guias, trial mining licenses, to the next stage submission to the Departamento Nacional de Produção Mineral (DNPM) of Brazil for small-scale mining consents or Lavras that allows for the immediate development of a mineral deposit.
The first claims are in the Cipó mountain range, Espinhaço chain, which represents the watershed between the Atlantic Ocean and the São Francisco River basin in the East of Brazil. Based on the information obtained in a geological survey and presented in a research report by the Partners and filed to the Brazil mining authority provided to Maxtech, the Company was able to verify a large area with the potential for Mn mineralization occurrences. Maxtech is currently evaluating these claims and others and will update on their status once a Company research report has been completed.
Maxtech and the Partners will create a management operating agreement detailing terms of capital contributions by the parties and responsibilities of the parties to each other and will develop exploration programs for each asset as well as procure offtake partnerships for each successful exploration program that leads to a production scenario.
Peter Wilson, CEO of Maxtech. “As I have said beforehand, continuing to build an accomplished team and a diversified portfolio of assets in Brazil increases the potential to find larger resources throughout Brazil and is essential for growth. As we near the last quarter of 2018, the focus of Maxtech has pivoted to building through exploration and the acquisition of globally strategic mineral assets.”
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian-based diversified industries corporation focused primarily on manganese mineral properties.
For additional information see the Company’s web site at http://www.maxtech-ventures.com
Email to info@maxtech-ventures.com
Phone: 604-484-8989
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.
To view the original release, please click here
Source: Maxtech Ventures Inc.
VANCOUVER, British Columbia, October 2, 2018 – Maxtech Ventures Inc. (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF) (“Maxtech” or the “Company”) announces it has signed a letter of intent for an option to purchase a 100% interest in vanadium mineral claims located in Emery County, Utah.
Mining for vanadium and uranium in the Temple Mountain district began in 1914, sixteen years after its initial discovery in 1898. Artisan mining activities were present between the years of 1922 and 1978. The optioned area is situated just north of the Utah State Park of Goblin Valley. Temple Mountain is the most prominent and highest topographical feature of the San Rafael Swell.
The Temple Mountain 43-101 report states that there are 52 contiguous lode mining claims staked covering a total of 1,074 acres or approximately 435 hectares. The entire claim group has a maximum north-south extension of about 3.2 km and a maximum east-west extension of approximately 1.8 km. Historical assay results from exploration holes show maximum values of uranium (U3O8) of up to 1.85% and vanadium (V2O5) oxide of up to 4.97%, indicating pockets or restricted lenses of high-grade ore and uranium grades of up to 4% were also reported. (U.S. Geological Survey Bulletin 1192 by C.C. Hawley, D.G. Wyant & D.B. Brooks, 1965)
Energy Fuels announced September 27th that they will restart operations in Blanding Utah and will resume vanadium production at its White Mesa Mill in mid-November 2018. The principal domestic sources of uranium and vanadium deposits is widespread and found on the Uravan mineral belt which includes areas in southwestern Colorado and the adjoining parts of Utah, Arizona, and New Mexico. (U. S. Atomic Energy Commission Geological Survey Bulletin 988-A0)
Peter Wilson, CEO Stated “Demand for vanadium as a strategic metal has exploded as price surges hit recent highs from approximately $9.00 per pound last year to about $22.63 per pound supported by a high global demand. As a result, mining companies are retuning to explore for vanadium with vigor.”
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian-based diversified industries corporation focused primarily on manganese mineral properties.
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.
Maxtech Ventures Inc.
Email: info@maxtech-ventures.com
Phone: +1-604-484-8989
SOURCE Maxtech Ventures Inc.
VANCOUVER, British Columbia, September 26, 2018 – Maxtech Ventures Inc. (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF) (“Maxtech” or the “Company”) today provides an update on the Company’s strategic mineral asset projects in Brazil.
Peter Wilson, CEO Maxtech, stated, “We are pleased to bring our shareholders an update on our flagship assets in Brazil. Manganese and vanadium are globally high-value strategic metals. We will continue to build on our strategic metal asset base in Brazil as opportunities arise. Our current off-take partnerships stand ready to assist.”
Brasnorte Manganese Project: Juína, State of Mato Grosso / Trial Mining License Update
The Brasnorte project assayed results of high-grade manganese between 51.4% to 55.9% over 4 mineral claims totaling 40,000 ha remain the Company’s focus in the area. MLB DE Nogueira, our in-country asset and exploration management team, will be traveling today to Cuiabá to meet with the Departamento Nacional de Produção Mineral (“DNPM”) to discuss the final stages of approval of the trial mining license (Guia) in order obtain the environmental and operating licenses that the Company needs to further its exploration and trial production initiatives. The Guia documentation details how mining the manganese claims will be determined, using backhoes, rippers, draglines and other equipment. Once the first Guia is approved, Maxtech will coordinate the filing of the next Guia submissions on the remaining claims, so that the entire area in the Brasnorte Project can begin production.
Vanadium: Maracás, State of Bahia
A total of 3,500 hectares located in the eastern state of Bahia close to Largo Resources’ producing Maracás Menchen Vanadium Mine and their Campbell pit deposit, were staked on July 20th, 2018. The Company’s Brazilian based geologist and his vanadium experienced research team will be traveling to Bahia beginning the next stage of research on the claims. There are additional areas of interest in the area which Maxtech is presently investigating.
New Business
Santana do Pirapama, Minas Gerais
Maxtech has signed a non-exclusive letter of interest in Minas Gerais to joint venture with a Brazilian based company on claims where manganese mineralization has been proven under DNPM No. 830.839/2014. The Claimholders Group and the potential joint venture partner have filed for a Guia trial mining license. Maxtech and its in-country partners are assessing the project.
About Maxtech Ventures Inc.
Maxtech Ventures Inc. is a Canadian-based diversified industries corporation focused primarily on manganese and strategic mineral properties.
For additional information see the Company’s web site at http://www.maxtech-ventures.com.
Further information about the Company is available on http://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.
Email: info@maxtech-ventures.com
Phone: +1-604-484-8989
SOURCE Maxtech Ventures Inc.
About MVT
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About MaxTech Ventures
Maxtech Ventures is an early stage developer of mineral projects worldwide with a focus on near term manganese production
Building Through International Mining Properties
Maxtech Ventures Inc. is a Canadian based diversified industries company building through the acquisition of international mining properties. The primary business focus has been the assembly and acquisition of key mineral projects for future exploration. Our goal is to become a force in the Green Energy Revolution first through the development of manganese deposits and other strategic minerals, and ultimately as a significant low-cost supplier of manganese for industry and to the burgeoning LMC battery market and vanadium to those companies building large battery storage facilities.
Vision
The company is presently targeting mining properties in North Africa and South America which are rich in deposits. In Brazil alone Maxtech has positioned itself with more than 40,000 hectares of potential high grade Mn claims. Maxtech’s long term strategy is to build an international industrial minerals company to produce and sell manganese ore and processed Mn as well as vanadium into the global markets of Europe, North America and Asia.
Maxtech Ventures Inc. is a Canadian based diversified industries company building through the acquisition of international mining properties. The primary business focus has been the assembly and acquisition of key mineral projects for future exploration. Our goal is to become a force in the Green Energy Revolution first through the development of manganese and vanadium deposits. The company intends to establish itself globally as a significant low-cost supplier of manganese to the burgeoning lithium battery industry and vanadium to those companies building large battery storage facilities.
The company is presently targeting mining properties in North Africa and South America which are rich in deposits. In Brazil alone Maxtech has positioned itself with more than 40,000 hectares of potential high grade Mn claims. Maxtech’s long term strategy is to build an international industrial minerals company to produce and sell manganese ore and processed Mn and vanadium into the global markets of Europe, North America and Asia.
The Company is focused on becoming a low-cost supplier of high grade manganese to global markets and vanadium.
The market for manganese is three-fold: in fertilizer, it is an essential nutrient in photosynthesis creating greener crops; for steel production in the creation of alloys; and in high-grade form it is becoming more prevalent in the battery market.
Initial Focus
The Company’s initial project in Brazil is a large land package with assayed high grade manganese samples of 51.4% to 55.9% on 4 mineral claims of + 40,000 hectares in the State of Mato Grosso, Brazil.
Exploration in the state of Mato Grosso was designed to test the character and expand the size of colluvium showings that had been identified on the properties. Surface exploration by the prospecting team uncovered unknown manganese bearing clasts and cobbles. The pitting program consisted of hand dug pits and the contents were sifted with manganese bearing clasts separated and collected leaving the soil and other clasts behind. The pits were filled in and the surface returned to a natural state. The selected samples in this program were grab samples from the pits and were screened for testing. The analyses was done by SGS Geosol Laboratorios LTDA., Belo Horizonte, Brazil.
Maxtech has entered into an agreement with Maringá Ferro-Liga to enable the joint evaluation, exploration and potential acquisition of project specific manganese assets in Brazil, and if justified, to engage in the development and mining of specific claims. Maxtech and Maringa will sign project-specific agreements between the parties prior to engaging in any operations on properties.The agreement shall have a term of 3 years and is non-exclusive.
Founded in 1946, Grupo Maringá now has over 2,000 employees with over USD $200 million in 2016 revenues. The Maringá companies are located in the states of Paraná and São Paulo. They produce sugar cane, sugar, ethanol, energy and manganese alloy. Maringá Ferro-Liga S.A. is a subsidiary of Grupo Maringá and is located in Itapeva, State of São Paulo. It is the second largest manganese ferroalloy producer in South America, producing high quality silico-manganese and high-carbon ferromanganese.
Management
Maxtech Ventures has assembled a group of veterans in mining and exploration, acquisitions and field management to guide the development of their mineral interests.
PETER WILSON, CEO
Mr. Wilson has been the lead financier for public and private companies raising over $300 million worth of equity and debt financings in the mining and energy fields internationally during the last 20 years. An experienced corporate executive, he has extensive relationships in project acquisition, corporate structure and finance specializing in but not limited to the global resource sector. As president of Hana Mining Ltd based in Vancouver, Canada, he orchestrated the creation and discovery of a major copper/silver district in Botswana, Africa positioning Hana into a market capitalization of over $580 million dollars. Prior to these involvements, Mr. Wilson served as Vice President of Samoth Capital Corporation a $150 million TSE listed merchant bank involved in participating real estate lending and development throughout the southwestern United States and Canada.
RYAN CHEUNG, CFO
Mr. Cheung is the founder and managing partner of MCPA Services Inc., chartered professional accountants, in Vancouver, B.C. Leveraging his experience as a former auditor of junior venture and resource companies, Mr. Cheung serves as a director and/or officer or consultant for public and private companies providing financial reporting, taxation and strategic guidance. He has been an active member of the Chartered Professional Accountants of British Columbia (formerly Institute of Chartered Accountants of British Columbia) since January, 2008. Mr. Cheung holds a diploma in accounting from the University of British Columbia and a bachelor of commerce in international business from the University of Victoria.
JOHN HARPER, CONSULTING GEOLOGIST
Mr. Harper is an international mineral exploration geoscientist and consultant with over 30 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 Cancana’s manganese claims.
MERIS KOTT, PRESIDENT COMMERCIAL
Ms. Kott is a global consultant and business development specialist. She attends trade shows and global seminars forging strategic relationships for Maxtech worldwide. She is key to the mining operations of Maxtech and works closely with our teams. She has an economics degree from McGill University and a Design Engineering degree.
Directors
EUGENE HODGSON, INDEPENDENT DIRECTOR
Mr. Hodgson is a graduate of the University of Calgary and holds a Bachelor of Arts Degree in Political Science. He has held senior positions in both the public sector for the Northwest Territories and British Columbia governments. He has served on the Board of Directors of various companies including Grandfield Pacific Corporation, Arimex Resources Inc., Equitable Real Estate Investment Corp., Sea Breeze Power Corp. Silvermex Resources Inc., Chair of Pacific Cascade Minerals and Director of Timmins Gold Corp. a TSE and NYSE listed company.
ALEX TSAKUMIS, DIRECTOR
Mr. Tsakumis has over 25 years investment experience within the North American capital markets with private and public companies. Beginning his career in 1989, he has experience in capital formation, management and growth of listed companies including mergers and acquisitions, finance, corporate governance, marketing and corporate communications. Born and raised in Vancouver, Mr. Tsakumis is a graduate of University of British Columbia with a BA in Economics.
SANTOKH SAHOTA, DIRECTOR
Mr. Sahota has been involved for over forty years in the acquisition, development, management, and disposal of both commercial and residential real estate. He has also been involved with a range of other businesses over the years, with investments in both private and public entities and in fields as varied as hospitality (restaurants, bars, nightclubs), and mining.
PROJECTS
Brazil
The Company’s First Project in Brazil is a large land package of assayed high grade manganese of 51.4% to 55.9% on 4 mineral claims of + 40,000 ha in the State of Mato Grosso, Brazil.
Manganese is primarily known for its uses in steel production, which makes up about 90% of the metal’s demand. However, it is less known for its important uses in batteries and particularly fertilizers.
Manganese is an essential micronutrient that is needed for plant and animal life. While it is needed in lesser amounts than the major fertilizer elements (N, P, K), the metal is essential for healthy growth of plants.
As the world’s largest net agricultural supplier, Brazil is the world’s breadbasket and agribusiness makes up almost a quarter of the country’s GDP.
Project – Mato Grosso
Project Overview
Maxtech Ventures has four claims totalling near 40,000 hectares in the Juina are in the Mato Grosso region of Brazil.
The Company’s exploration in the state of Mato Grosso was designed to test the character and expand the size of colluvium showings that had been identified on the properties. Surface exploration by the prospecting team uncovered unknown manganese bearing clasts and cobbles. The pitting program consisted of hand dug pits and the contents were sifted with manganese bearing clasts separated and collected leaving the soil and other clasts behind. The pits were filled in and the surface returned to a natural state.
Maxtech has begun the next phase of operation on its portfolio of claims in the Juina area of Mato Grosso by filing a “GUIA” application or trial mining license on one of the Company claims.
These claims contain numerous manganese occurrences found through reconnaissance prospecting to date. Analyses of the grab samples taken from surficial cobbles located within these claims returned values of 51.4% to 55.9% Mn. (as released May 4th). The analyses were performed by SGS Geosol Laboratorios LTDA of Belo Horizonte, Brazil.
In conjunction with the company’s strategic partner in Brazil, Maxtech has begun a new due diligence phase on additional claims with high-grade potential and a timeframe in which to ramp up a full mining plan in the Mato Grosso area.
Maxtech is planning to expand its Brazilian operation into other states of the country including Rondonia and Goias.
Strategic Partner:Maringa Ferro-Liga SA
Zambia
Zambia is one of the largest copper producers in Africa, and draws revenue from mining companies through taxes and royalties. At the recent Mining Indaba 2018 conference in Cape Town, South Africa, the Zambian Minister of Mines and Mineral Development, Hon Christopher Yaluma noted Zambia remained one of the most favorable Investment destinations in Southern Africa. Hon Yaluma added that Zambia due to the new mining policy instituted in 2014 is a lucrative mining jurisdiction for investors and global mining companies.
CORPORATE DATA
Exploration & Research on Manganese Assets
Maxtech Mining Zambia has been established as a subsidiary of Maxtech Ventures. In conjunction with Maxtech’s strategic development partner GeoQuest, the Company has 2 large scale exploration licenses to explore potential high grade manganese deposits in Zambia in AOl 1 & AOl 2 visible on the map above and they have both been validated by the Zambian Minister of Mining. The Company is actively evaluating more areas of interest where manganese mineralization is visible with an emphasis on researching claims with established histories of manganese occurrences. In addition, Maxtech is seeking further global off-take partners to complete a vertical manganese operation platform in the region.
Strategic Partner:GeoQuest Limited, Lusaka, Zambia
Source: http://www.maxtech-ventures.com/
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