logo-loader
viewMaxtech Ventures, Inc.

Maxtech Ventures eyeing drill start early in 2020 at Panama Lake

The project sits on trend with Great Bear Resources' successful Dixie project

Maxtech Ventures, Inc. -
The site hosts a number of historically documented gold occurrences, soil geochemical anomalies and geophysical features indicative of mesothermal gold systems

Maxtech Ventures Inc (CSE:MVT) (OTCMKTS:MTEHF) is aiming to kick off drilling at its Panama Lake property in Red Lake, Ontario, early in the new year.

The project sits on trend with Great Bear Resources' (CVE:GBR) (OTCMKTS:GTBDF) successful Dixie project and hosts a number of historically documented gold occurrences, soil geochemical anomalies and geophysical features indicative of mesothermal gold systems, Maxtech noted.

READ: Maxtech Ventures begins exploration at Panama Lake in Red Lake

"I'm excited by the Panama Gold Project and its potential for discovery!" said James Rogers, who is Maxtech's senior vice-president of exploration and a geologist with over 30 years experience at Red Lake.

He recently completed a brief field campaign to identify some of the historically documented features ahead of a wintertime drill campaign and summertime exploration to follow.

"Putting together the most recent work completed on the property by Goldcorp, Noranda and Benton including high quality geological, geochemical and geophysical mapping, has laid the foundation for a successful drilling campaign," said Rogers.

"I am currently talking to experienced drill contractors and geologists that will comprise the team on the ground. The Panama Lake property hosts features indicative of deep-rooted plumbing and shows the structural folding, faulting and rock type contrast necessary to host orogenic gold deposits, not unlike that of the famous Red Lake trend. Our property hosts some excellent targets that we look forward to drilling."

Maxtech said its drill targets to be tested consist of those where existing geophysical data has already indicated potential structural traps, and where soil geochemical gold anomalies were historically documented but never drilled.

Between eight and ten holes are forecasted for a total of 3,500 meters, depending upon what is encountered as drilling progresses, it added.

Canada headquartered Maxtech Ventures is focused on identifying and advancing high-value mineral properties.

Contact the author at [email protected]

Quick facts: Maxtech Ventures, Inc.

Price: 0.085 CAD

CSE:MVT
Market: CSE
Market Cap: $5.62 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Maxtech Ventures, Inc. named herein, including the promotion by the Company of Maxtech Ventures, Inc. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Arizona Silver Exploration will be going back to Philadelphia after drilling...

Arizona Silver Exploration (TSXV: AZS) (OTCQB: AZASF) VP of Exploration Greg Hahn joined Steve Darling from Proactive with some results from the company’s drill program at their Philadelphia project. Hahn discusses the next step the company is planning. Hahn also told Proactive they are...

2 hours, 10 minutes ago

2 min read