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Maxtech Ventures set for vanadium exploration in Brazil

The claims are on strike with the producing Maracás Menchen vanadium mine and the Campbell pit deposit

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Maxtech is exploring for vanadium in Brazil

Maxtech Ventures Inc (CSE: MVT, Frankfurt: M1N) is set to begin vanadium exploration in Brazil.

The firm has two claims in the state of Bahia in Brazil and has now concluded its exploration plans.

They are on strike with the producing Maracás Menchen vanadium mine and the Campbell pit deposit, which is being developed by Largo Resources Ltd (TSE;LGO).

The latter is  a Toronto-based strategic mineral company focused on the production of vanadium flake, high purity vanadium flake and high purity vanadium powder.

The work will be executed in accordance with environmental legislation at the state and federal levels as well, said Maxtech.

"Geological mapping throughout the area for the purpose to identify the geological formation where the mineralization of vanadium is probable with open mesh with varied steering profiles.

"Initially the exploration rows will be 200 by 200 meters and can be modified at the discretion of the field team," said the company.

''The company has located and will be actively researching several other previously identified vanadium claims in Bahia during the period our geologists are in Bahia in the week.

"Maxtech will continue to build upon their vanadium footprint in Brazil,'' Peter Wilson, Maxtech CEO, told investors on Tuesday.

Quick facts: Maxtech Ventures Inc

Price: 0.065 CAD

CSE:MVT
Market: CSE
Market Cap: $3.68 m
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