Maxtech Closes Acquisition Contiguous to Azimut Elmer Gold Discovery
MAXTECH CLOSES ACQUISITION CONTIGUOUS TO AZIMUT ELMER GOLD DISCOVERY Vancouver, British Columbia (February 20, 2020): Maxtech Ventures Inc. (“Maxtech” or the “Company” (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF) is pleased to announce it has closed its acquisition of a 100% interest in ground directly adjacent to Azimut Exploration’s Elmer gold discovery in James Bay Quebec.
This purchase agreement supersedes the acquisition agreement announced on January 15, 2020. The parties have agreed to an all cash deal for $5,000 and Maxtech will own a 100% interest in the property and the acquisition is an arms length transaction.
The ground is contiguous on the west to Azimut Exploration and contiguous to the north of Dios Exploration. On January 14, 2020 Azimut announced its drill results of 3.15 g/t au over 102.0 M including 10.1 g/t au over 20.5 M at its Patwon Prospect, Elmer Gold Property in the James Bay Region of Quebec. Maxtech will review historic data in the area and report on any findings. Azimut also announced a $6 million financing on February 19, 2020.
“This acquisition places Maxtech solidly within the James Bay regional gold discovery play, adjacent the phenomenal Elmer discovery hole announced by Azimut. We feel Maxtech is positioning ourselves for exploration success and currently reviewing historical data in the area, looking to acquire additional large cell blocks.” Stated Peter Wilson, CEO, Maxtech Ventures Inc.
********
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.