Maxtech Red Lake Gold Project Update New Website Launch
Maxtech Red Lake Gold Project Update
New Website Launch
Vancouver, Canada – June 9, 2020 – Maxtech Ventures (“Maxtech” or the “ Company“) (CSE: MVT) (Frankfurt: M1N) (OTC:
MTEHF) provides news on their drilling and field exploration activities at the Company’s Panama Lake gold property, located in
Red Lake.
The drill started turning on May 15 , and the fourth and final hole of Maxtech’s 2,000-meter diamond drilling program was
completed on June 3. This is the first phase of the Company’s exploration in the area. Holes 3 and 4 were drilled north of Panama
Lake. The drill setup was located approximately 500 meters along strike from Benton Resources’ 2019 drill hole gold
intersections (please see the Company’s news release dated May 12, 2020). The holes were targeted to intersect both limbs of
an interpreted fold, with a likely surface expression immediately northwest of Panama Lake. The purpose of the holes was to
investigate if the interpreted fold could have acted as a structural trap for the interpreted gold corridor seen up -strike.
Maxtech’s experienced geological field team covered significant portions of the property accessible by truck, foot, boat and
helicopter, with a focus on confirming interpreted structures based upon the available geophysical data, as well as geologically
mapping the property to better contextualize the data collected from drilling. The on-site geological team compr ising of 5
geologists maintained a safe work environment. Any prospective gold vectors discovered in the core will be used in conjunction
with the increased property-wide geological understanding to follow up on any mineralized intervals intersected in the drilling
and to generate future drill targets.
Maxtech completed the first phase of the initial drill campaign and the Company will release results on a timely basis. Maxtech
is currently evaluating the next stage of exploration activities on the project based upon the results of this combined field and
drilling program. The Panama Lake gold project comprises of an 11,700 hectare land package that is approximately 88.5 sq. km.
Peter Wilson, CEO, comments, “I want to thank the entire team here at Maxtech, one of the most professional and organized
teams I have worked with. The knowledge gained from this program can only enhance our expectations of success on the next
leg of the program.”
About Maxtech Ventures Inc.
Maxtech Ventures Inc., a Canadian-based diversified industries corporation, is focused on identifying and advancing high-value
mineral properties.
For additional information see the Company’s web site at http://www.maxtech-ventures.com
Email to [email protected]
Phone: 604-484-0355
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 law s. 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 c ontains 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.