VANCOUVER, BC–(Marketwired – May 04, 2017) – Maxtech Ventures Inc. (CSE: MVT) (CSE: MVT.CN) (CNSX: MVT) (FRANKFURT: M1N) (OTC PINK: MTEHF), (“Maxtech” or the “Company”) announces the initial results of its exploration showing strong indications of high-grade manganese mineralisation on its claim in the State of Mato Grosso.
Phase I exploration of surface and sub-surface sample results from the pitting and auger drilling showed a range of 51.4 to 55.9% grade of manganese. Surface exploration by our prospecting team uncovered previously unknown manganese bearing clasts and cobbles. Our prospectors initiated a pitting program with hand dug pits and the contents were sifted with manganese bearing clasts separated and collected leaving the soil and other clasts behind. With the manganese clasts retained, the pits were filled in and the surface returned to a natural state. The analyses was done by SGS Geosol Laboratorios LTDA., Belo Horizonte, Brazil and represented in the table below.
*The selected samples are not necessarily representative of the mineralisation. The grab samples from these pits were sieved and/or screened but they are not composite samples.
| Sample ID | XRF79C | XRF79C | XRF79C | XRF79C | XRF79C | XRF79C | XRF79C | XRF79C | XRF79C | XRF79C | XRF79C | PHY01E | ||||||||||||
| SiO2 | Al2O3 | Fe2O3 | CaO | MgO | TiO2 | P2O5 | Na2O | K2O | Mn | BaO | LOI | |||||||||||||
| % | % | % | % | % | % | % | % | % | % | % | % | |||||||||||||
| BRANCO_PREP | >99 | <0,1 | 1.81 | <0,01 | <0,1 | <0,01 | <0,01 | <0,1 | <0,01 | <0,008 | <0,01 | 0.21 | ||||||||||||
| MLB 01 | 7.57 | 2.06 | 1.75 | 0.08 | 0.12 | <0,01 | 0.042 | <0,1 | 0.21 | 52.9 | 3.08 | 11 | ||||||||||||
| MLB 02 | 5.72 | 1.51 | 0.9 | 0.07 | <0,1 | 0.03 | 0.042 | <0,1 | 0.14 | 55.9 | 1.63 | 11.58 | ||||||||||||
| MLB 03 | 1.76 | 2.5 | 0.52 | 0.08 | <0,1 | 0.02 | 0.033 | <0,1 | 0.05 | 51.5 | 10.4 | 10.05 | ||||||||||||
| MLB 02 | — | — | — | — | — | — | — | — | — | — | — | 11.57 | ||||||||||||
| SG_079 | — | — | — | — | — | — | — | — | — | — | — | 6.32 | ||||||||||||
| MLB 03 | 1.74 | 2.47 | 0.52 | 0.08 | <0,1 | 0.03 | 0.012 | <0,1 | 0.05 | 51.4 | 10.4 | — | ||||||||||||
| SRM25D | 2.51 | 5.24 | 3.91 | 0.08 | 0.12 | 0.13 | 0.251 | <0,1 | 0.89 | 51.7 | 0.21 | — |
The technical information contained in this news release has been reviewed and approved by Mr. John Harper B.Sc., P.Geol, who is a Qualified Person with respect to Maxtech’s manganese project as defined under National Instrument 43-101.
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.
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.
Maxtech Ventures Inc.
Email: info@maxtech-ventures.com
Phone: 604-484-8989