Final Guia Approval Pending, Vanadium Research in Bahia Begins
Maxtech Ventures Inc. (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF) (“Maxtech” or the “Company”) is pleased to announce results of the University of Brasilia report on the Juina claims were extremely positive and will begin preparations to sample mine once final Guia approval is granted.
Maxtech, in cooperation with researchers from the Applied Geophysics Laboratory of the Institute of Geosciences at the University of Brasilia, conducted a geophysical campaign to identify the anomalous geophysical patterns related to manganese occurrences on four claims of the Brasnorte Project in order to prepare for Guia approval and commence mining operations in Juina.
The University of Brasilia researchers identified manganese ore occurrences near to alkali granite bodies. Throughout the granite, manganese films were noted along the largest fractures, and eventually a higher concentration of manganese ore. Manganese ore was identified along these fractures dispersed in the soil in the form of blocks and pebbles. In addition, larger blocks were found in areas with higher concentrations of manganese ore in darker soils (purple in black).
Maxtech is awaiting final approval of the Brazil trial mining license to begin mining in Juina. The Guia process of the Brazilian Departamento Nacional de Produção Mineral (DNPM) has been submitted. The Company recently received the operating license and final environmental charges for the Guia which is clear indication the process is near completion. Once granted, Maxtech will begin sample mining in Juina.
The Company’s recently staked Vanadium claims in Maracás are comprised of two blocks and are situated near and on trend with Largo Resources Maracás Menchen producing vanadium mine in the State of Bahia. Maxtech will be sending an exploration team to Maracás to develop a comprehensive research report on the recent acquisition.
Peter Wilson CEO stated, “When we allocate our resources they must bring the best possibility of near-term value and revenues to the Company. This acquisition represents a fantastic early-mover position for us, in a proven vanadium district.”
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
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