Maxtech Ventures Inc. (" Maxtech " or the " Company ") (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF) is pleased to announce that it has received official authorization that the "exploration drill permit" has been granted to our partner Magabra Resources Corp. from the Ontario Ministry of Energy, Northern Development and Mines in Thunder Bay. The permit contains all necessary approvals to commence our JV drill program at the St. Anthony Gold Property (the "Project") and to carry out the first phase of drilling at the Project. The exploration permit is issued under the authority of section 78.3 of the Mining Act and the Exploration Plans and Exploration Permits Regulation (O. Reg. 30812).
The St. Anthony Gold Property is located in the Kenora-Patricia Mining District of Ontario and is 85 km east of the town of Sioux Lookout, or 13 km south of the smaller town of Savant Lake. The drill program will be composed of three phases. Phase 1 will focus on the St. Anthony Mine plus extend the gold bearing zone(s) to the north and south. Phase 2 & 3 will be dependent on Phase 1 results but will also test new gold potential at the Buckshaw, Couture Lake and Lucky Bones areas.