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Maxtech Ventures Inc. has completed its first three diamond drill holes at the St. Anthony gold mine, accumulating a total of 919 meters drilled. The visually promising drill cores contain wide mineralized intervals and observable gold. A total of 354 samples are sent for analysis, with results awaited. Maxtech plans a Phase II drilling program based on initial findings. The St. Anthony site historically produced 63,310 ounces of gold, highlighting its significant potential for future exploration.
Maxtech Ventures Inc. (CSE:MVT)(Frankfurt:M1N)(OTC PINK:MTEHF) has completed its first diamond drill hole, SA21-15, at the St. Anthony mine in Ontario. This marks the start of a 15-hole drill program targeting 5,000 meters aimed at verifying historical drilling. The company intends to enhance its mineral resource estimate, with a goal of increasing the current non-compliant estimate of 1.2 million ounces to 3 million ounces. Additionally, Maxtech issued 5 million stock options at $0.10 each, valid for two years.
Maxtech Ventures Inc. (CSE:MVT)(Frankfurt:M1N)(OTC PINK:MTEHF) has announced the commencement of a 5,000m Phase 1 drilling program at the St. Anthony Gold property in Ontario. This initiative aims to validate and expand the gold mineralization previously identified in the area, specifically targeting historic results for enhanced confidence in the deposit. The company highlights a potential increase in resources up to 3 million ounces and plans to operate under strict COVID-19 safety guidelines. Additionally, the company has extended the expiry date of 1,705,882 warrants by one year.
Maxtech Ventures Inc. has accelerated its path towards acquiring a 100% interest in the St. Anthony gold property in Ontario. The company is advancing its exploration and drilling plans with a commitment of approximately $1,500,000 for an initial 5,000-meter drill program. Maxtech aims to increase its ownership to 30% and potentially 65% following future drill phases. The final 35% can be acquired by committing an additional $3,000,000 towards further exploration. CEO Peter Wilson emphasizes the significance of the project.
Maxtech Ventures Inc. (CSE:MVT, OTC PINK:MTEHF) has announced a $726,000 financing for a 5,000 m drilling program at its St. Anthony Gold Project. Mobilization begins February 22, 2021, focusing on twinning drill holes and extending gold zones. Previous production included 63,310 oz of gold at a grade of 5.95 g/t. The project consists of 233 claims over 4,224 hectares. Maxtech aims for a significant gold and silver resource while adhering to COVID-19 protocols.