Maxtech has begun the next phase of operation on its portfolio of claims in the Juina area of Mato Grosso. The Company has four claims totalling near 40,000 ha in this area. These claims contain numerous manganese occurrences found through reconnaissance prospecting to date. Detailed prospecting and geological studies will follow up on these showings in our next phase of exploration in order to acquire a trial mining license (“GUIA”). 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 our 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.
Additionally, the Company is planning to expand its Brazilian operation into other states of the country including Rondonia and Goias. To that extent, the Company has signed a letter of interest with an existing manganese mining operation located in the state of Goias. The Company and its partner will initiate due diligence activities including a site visit in the coming weeks to evaluate the property for potential acquisition. Maxtech will report on its findings as research progresses.
Peter Wilson, CEO of Maxtech said “We continue to be excited about the Manganese industry and its future potential. The price and demand for high-grade Manganese is again on an upward trend. There are only a handful of junior pure-play Manganese explorers, this is an advantage Maxtech is looking to capitalize on as it expands its exploration claims in Brazil and strategic relationship with Maringá Ferro-Liga.”
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
Email to [email protected]
Further information about the Company is available on www.SEDAR.com under the Company’s profile.
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.