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or Name
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Maxtech Ventures Inc (2)
Symbol MVT
Shares Issued 49,186,448
Close 2018-01-22 C$ 0.49
Market Cap C$ 24,101,360
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Maxtech Ventures advancing Brasnorte exploration

2018-01-22 07:56 ET - News Release

Mr. Peter Wilson reports

MAXTECH'S ADVANCES EXPLORATION ON BRASNORTE PROJECTS IN BRAZIL

Maxtech Ventures Inc. is advancing exploration on the Brasnorte project in Mato Grosso, Brazil.

Maxtech's Brasnorte project has focused exploration work to date on the Juina No. 1 claim 866872/2016. On this claim three pits were hand-dug and samples sent for analysis to SGS Geosol Laboratorios Ltda., Belo Horizonte, Brazil. The three assay results were received and analyses details were announced by the company in a news release on April 28. The samples returned the following assay values: MLB-01 -- 52.9 per cent manganese, MLB-02 -- 55.9 per cent Mn and MLB-03 -- 51.5 per cent Mn. Juina No. 1 exploration will file a Guia application in the first quarter.

The company is now beginning further research exploration on the three 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. The company's in-country strategic partner Maringa Ferro-Liga SA visited the Brasnorte project in December and was pleased with the topography and geology. Maxtech will report on its findings once finalized.

Peter Wilson, chief executive officer, 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 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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