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Maxtech Initiates 2019 Vanadium Exploration Program in Quebec

PR-Inside.com: 2018-12-06 14:02:20
Notifies Ministère de l'Énergie et des Ressources Naturelles

Focusing on Lac Patu Vanadium Project


VANCOUVER, BC / ACCESSWIRE / December 6, 2018 / Maxtech Ventures Inc. (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF) ("Maxtech" or the "Company") is pleased to announce initiation of a summer exploration program at the Lac Patu Vanadium project located in Quebec.


Maxtech Ventures has notified the Quebec Ministère de l'Énergie et des Ressources Naturelles (MERN) that the following exploration activities will be undertaken on the Lac Patu claims starting June 1st-2019. Activities will include: on-site visit, surface geochemical sampling and mapping and a ground based 1000 line km geochemical survey. All samples will be collected and analyzed to test for the presence of vanadium and other mineralizations to ascertain potential. Further details of the exploration program will be finalized later this winter.


The Lac Patu Vanadium Project is staked directly north and along the trend of Uranor'suranium discovery at Lac Minowean. In 2009, Uranor and Areva conducted a Versatile Time Domain Electro Magnetic (VTEM) survey over the area locating several targets, and only those with high radioactivity were drilled. These 9 drill holes on the east side of Lac Minowean found uranium, copper, cobalt and vanadium. Geochemical values from drilling were reported as 8.03% vanadium (14.0% V2O5), 1.76% cobalt and 1.50% copper over 0.5 meters in the underling dolomite. The Company's Lac Patu Project is situated in the area of the highest Electromagnetic response identified by the VTEM survey above, which is 3 km from Uranor's discovery drilling. The Project consists of 72 mineral titles encompassing an area of 3,420 hectares (34 km²). Rock types in the area are paleoproterozoic in age and consist of dolomite, mudstone, conglomerates and pyroclastics. More localized outcrops of amphibolite and gabbro can be found along the riverbanks.


Peter Wilson, CEO, stated, "Vanadium is a newly emerging energy and strategic metal for a new class of cost effective battery storage technologies. As the vanadium price-per-pound continues to reach all-time highs, Maxtech is motivated to begin phase one work programs on our Lac Patu vanadium prospect in Quebec."


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 www.maxtech-ventures.com

Email to info@maxtech-ventures.com

Phone: 604-484-8989


Further information about the Company is available on www.SEDAR.comunder 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.


SOURCE: Maxtech Ventures Inc.

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Published by
Fred Gautreau
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e-mail
www.fscwire.com



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