Maxtech Ventures Inc (CNSX:MVT) (OTCMKTS:MTEHF) said Wednesday that it has tapped the expertise of mining industry veteran Daniel Geyerhahn Garcia to advance its vanadium exploration program in Brazil.
The Vancouver-based mining company said in a press release that it has engaged Garcia, who is CEO of Goldmen Resources Brazil. He will work with the team in identifying vanadium mineralization deposits where Maxtech has manganese assets.
Garcia has been an active CEO in mining for five years, focusing on gold exploration. He is experienced in mineral research, greenfield projects and environmental licensing.
Maxtech's two vanadium claims in Brazil were submitted to the National Department of Mineral Production in July. They are located in the eastern Bahia state of Brazil, about 813 kilometers (505 miles) northeast of the capital, Brasilia.
The company added that it’s seeking to minimize risk by discussing possible joint-venture exploration opportunities with several groups.
"In the current mining climate, joint-venture partnerships will be key to success with global assets,” CEO Peter Wilson said. “Daniel being on the team in Brazil will be a tremendous asset to the company's vanadium acquisition and exploration strategy."
Shares of the company climbed C$0.04 to C$0.22 in Wednesday’s Canadian trading. They advanced US$0.01 to US$0.14 on the OTC market.
Contact Dennis Fitzgerald at [email protected]