VANCOUVER, British Columbia, Oct. 29, 2019 (GLOBE NEWSWIRE) -- A brief, late-season exploration program on the Panama Lake gold project, a 74-square kilometer property in Ontario’s Red Lake region, has just been completed.
Maxtech Ventures Inc. (“Maxtech” or the “Company”) (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF)”), dispatched a prospecting crew to its Panama project on October 17, in order to carry out field follow-up on a number of gold targets identified by Benton Resources, the company from which Maxtech acquired the property (please see the Company’s news release dated September 10, 2019).
“We are already in possession of a substantial and encouraging data base, the reason for us acquiring the project to begin with”, said Maxtech’s CEO, Peter Wilson. “The recently completed field program will provide us with more up-to-date information regarding additional targets identified by our predecessor that had yet to be examined in the field. We wanted to get this done before the snow flies, so we are better positioned to plan our next steps on this exciting property”.
Information obtained in this initial field effort will be integrated into the company’s overall data base, enabling Maxtech’s exploration team to formulate its plans for the months ahead and the 2020 field season to follow. The Company will continue to update information on and results from this project on an ongoing basis.
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 info@maxtech-ventures.com
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.