viewMaxtech Ventures, Inc.

Maxtech Ventures preparing for sample mining at Brasnorte project

Brasnorte is the firm's first project in Brazil and is a large land package of assayed high-grade manganese on four claims

Brasnorte is the firm's first project in Brazil

Manganese-focused Maxtech Ventures Inc. (CSE:MVT) is preparing for sample mining at its Brasnorte project in Brazil after a university report on the Juina claims were 'extremely positive'.

Brasnorte is the firm's first project in Brazil and is a large land package of assayed high-grade manganese of 51.4% to 55.9% on four mineral claims of over 40,000 hectares in the Juina, in the state of Mato Grosso.

Maxtech received the final Juina claims geological review announced in March this year - a key element to the Guia process of the Brazilian Departamento Nacional de Produção Mineral (DNPM).

Final Approval

Maxtech is now waiting on final approval of the Brazil trial mining licence to begin mining and the  Guia process of the DNPM has been submitted.

The company recently received the operating license and final environmental charges for the Guia which is a clear indication the process is near completion.

The company, along with researchers from the University of Brasilia, conducted a geophysical campaign to identify anomalous geophysical patterns related to manganese occurrences on the four claims.

Notably, they identified manganese occurrences near to alkali granite bodies and manganese films were noted along the largest fractures.

In other news, Maxtech updated on its recently staked Vanadium claims in Maracas.

These lie next to the producing Maracas Menchen vanadium mine and the Campbell pit deposit, which is being developed by Toronto-listed Largo Resources (TSE:LGO).

Maxtech told investors it would be sending an exploration team to Maracas to develop a comprehensive research report on the recent acquisition.

"When we allocate our resources they must bring the best possibility of near-term value and revenues to the company," said Peter Wilson, Maxtech chief executive on Thursday.

"This acquisition represents a fantastic early-mover position for us, in a proven vanadium district."

Maxtech shares advanced 3.57% in Toronto to C$0.14.

Quick facts: Maxtech Ventures, Inc.

Price: 0.105 CAD

Market: CSE
Market Cap: $7.63 m

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