Yesterday, Canadian-based diversified industries company, Maxtech Ventures Inc. (Maxtech), which is focused primarily on manganese and strategic mineral properties, provided an update on the company’s mineral asset projects in Brazil.
CEO of Maxtech, Peter Wilson, stated: “We are pleased to bring our shareholders an update on our flagship assets in Brazil. Manganese and vanadium are globally high value strategic metals. We will continue to build on our strategic metal asset base in Brazil as opportunities arise. Our current offtake partnerships stand ready to assist.”
Brasnorte Manganese Project
The Brasnorte project demonstrated assay results of high-grade manganese between 51.4% to 55.9% over four mineral claims totalling 40 000 ha remain the company’s focus in the area. MLB DE Nogueira, Maxtech’s in-country asset and exploration management team, were planning to travel yesterday to Cuiabá to meet with the Departamento Nacional de Produção Mineral (DNPM) to discuss the final stages of approval of the trial mining license (Guia) in order obtain the environmental and operating licenses that the company needs to further its exploration and trial production initiatives. The Guia documentation details how mining the manganese claims will be determined, using backhoes, rippers, draglines and other equipment. Once the first Guia is approved, Maxtech will coordinate the filing of the next Guia submissions on the remaining claims, so that the entire area in the Brasnorte Project can begin production.Vanadium: Maracás, State of Bahia
A total of 3500 ha located in the eastern state of Bahiaclose to Largo Resources’ producing Maracás Menchen Vanadium Mine and their Campbell pit deposit, were staked on 20 July 2018. The company’s Brazilian based geologist and his vanadium experienced research team will be travelling to Bahia beginning the next stage of research on the claims. There are additional areas of interest in the area which Maxtech is presently investigating.
Maxtech has also signed a non-exclusive letter of interest in Minas Gerais to joint venture (JV) with a Brazilian based company on claims where manganese mineralisaation has been proven under DNPMNo.830.839/2014. The Claimholders Group and the potential JV partner have filed for a Guia trial mining license. Maxtech and its in-country partners are assessing the project.
Read the article online at: https://www.globalminingreview.com/exploration-development/27092018/maxtech-provides-update-on-brazilian-flagship-assets/