Maxtech Acquires Historic Intrusion Related Assets NE of Azimut Lac Elmer discovery, Quebec
Maxtech Acquires Historic Intrusion Related Assets NE of
Azimut Lac Elmer discovery, Quebec
Vancouver, British Columbia (March 31, 2020): Maxtech Ventures Inc. (“Maxtech” or the “Company” (CSE: MVT)
(Frankfurt: M1N) (OTC: MTEHF ) announces today th at it has acquired 100% interest in two additional claims
northeast of Azimut Exploration Lac Elmer Gold discovery by online staking.
The MVT Quebec Gestim newly titled ground is to the northeast of Azimut and covers two historic silver occurrences.
One o ccurrence with reported sam ple number 2000024784 from a rock described as a tonalite, returned historic
value of 3.5 ppm Silver. Sample number 2000024763, from a rock described as an amphibolite, returned 3.7 ppm
Silver, this second historic value is on the other acquired claim title and is over 2km from the other reported sample
location, both sample locations are shown to be taken from a plotted road in the area.
In June 2019, Azimut announced that exploration had commenced in the Lac Elmer area “...highly pr ospective
for intrusion related...gold deposits”. Wikipedia and other online sources describe Tonalite as “...igneous, plutonic
(intrusive) rock, of felsic composition, ...”.
“Given the recent exploration success in the area, we thought it prudent to stake additional ground at little cost
adding to our current exploration opportunities in Quebec.” Stated Peter Wilson, CEO.
Additionally, the Company announces that it has granted, effective March 30, 2020 an aggregate of 2,500,000 stock
options (ea ch an "Option") to certain directors, officers, and consultants of the Company in accordance with the
Company's current stock option plan. Each Option is exercisable into one common share (a "Share") of the Company
at a price of $0. 08 per Share for a perio d of two years from the date of grant, being today , all o ptions vestin g
immediately.
About Maxtech Ventures Inc.
Maxtech Ventures Inc., a Canadian-based diversified industries corporation , is focused on identifying and advancing
high-value mineral properties.
For more information about MAXTECH VENTURES: http://www.maxtech-ventures.com
Email to [email protected]
Phone: 604-484-8989
Further information about the Company is available on www.SEDAR.com under 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.