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Maxtech acquires additional 20 000 hectares Brazil

Published by , Digital Assistant Editor
World Fertilizer,

Maxtech Ventures Inc. has announced it has entered into an arms-length agreement to acquire 2 additional manganese prospective mineral claims, totalling 20 000 hectares in Brazil.

Maxtech has now amassed approximately 40 000 hectares of exploration claims in Brazil. Terms of the acquisition include the payment of US$10 000 and the issuance of 200 000 common shares of Maxtech; the transaction is subject to the CSE and regulatory approvals.

As announced on 3 March 2017, the Company initiated an exploration programme on its claims acquired on 6 December 2016. Exploration techniques include using hand-dug pits, mobile auger drills and trenching with backhoes have begun in order to determine the dimensions and grade of any mineralisation materials found containing manganese. Results are expected in the coming weeks.

Maxtech CEO Peter Wilson states, "With this additional acquisition, Maxtech will have amassed one of the larger manganese mineral exploration claim sets in Brazil. The focus on manganese mineralization offers Maxtech an opportunity to potentially directly service nearby farming markets in need of manganese for fertilizer."

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