Maxtech Advances Exploration on Brasnorte Projects in Brazil
January 22, 2018 (Source) — Maxtech Ventures Inc. (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF), (“Maxtech” or the “Company”) announces that it is advancing exploration on the Brasnorte project in Mato Grosso, Brazil.
Maxtech’s Brasnorte project has focused exploration work to date on the Juina #1 claim 866872/2016. On this claim 3 pits were hand dug and samples sent for analysis to SGS Geosol Laboratorios LTDA, Belo Horizonte, Brazil. The 3 assays results were received 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. Juina #1 exploration will file a Guia application in the first quarter.
The Company is now beginning further research exploration on the 3 remaining claims of approximately 30,000 contiguous hectares in Mato Grosso. The Brazilian team organized by MLB Mining has led successful manganese exploration for companies in the region. Our in-country strategic partners Maringá Ferro-Liga S.A. visited the Brasnorte Project in December and were pleased with the topography and geology. Maxtech will report on their findings once finalized.
Peter Wilson, CEO, stated “The Brasnorte Manganese exploration properties represent a large scale opportunity to significantly increase the manganese landscape in Brazil. The demand for the mineral is higher than the readily available supply in-country for agricultural needs. The importation of Manganese is cost prohibitive because of logistical and high transportation costs to the farming community, therefore our initiative is to be one of the go-to suppliers of high grade Mn in Brazil.”
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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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.
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