Vancouver, British Columbia (FSCwire) - Maxtech Ventures Inc. (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF) (“Maxtech” or the “Company”) is pleased to announce that it has filed documentation for the acquisition of two vanadium mineral claims in the State of Bahia, Brazil.
The two claims were submitted to the Departamento Nacional de Produção Mineral (DNPM) in Brazil on July 20th 2018. The total areas of interest are 3500 hectares and they are located in the eastern Bahia State of Brazil, which is roughly 250 km southwest of Salvador and 813 km northeast of the capital of Brazil in Brasilia near the city of Maracás. The Maxtech claims are next to the producing Maracás Menchen Vanadium Mine and the Campbell pit deposit being developed by Largo Resources, which is a Toronto-based strategic mineral company focused on the production of vanadium flake, high purity vanadium flake and high purity vanadium powder.
Additionally, Maxtech has formed a vanadium exploration-research team to work on identifying further potential vanadium mineralization deposits in other Brazilian areas of interest where the Company has established high-grade manganese assets. Maxtech is currently formalizing a due diligence review program and will be organizing its local geological team to conduct a research report on the claims once approval of its filings is granted by the DNPM.
“The new generation of batteries being manufactured are establishing manganese and vanadium as the strategic tech-minerals of the future. The vanadium mineralization observed and successfully mined in the area by Largo Resources and our current operations in Brazil, made Bahia a logical step for Maxtech. We look forward to acquiring additional claims with potential vanadium mineralization in other jurisdictions as well,” stated Peter Wilson, CEO.
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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