Maxtech Ventures is a Canadian resource exploration and development company with diversified mining assets in Canada and internationally.
Maple Property, Dominican Republic
Overview
MAXTECH VENTURES has entered into an agreement to earn an 80% interest in a 253 sq. km. property in the Dominican Republic. The Maple property is located 15 kilometers south of the town of La Vega in the central part of the Dominican Republic. The property is prospective for precious and base metals.
The agreement provides that Maxtech Ventures Inc. may acquire an 80% interest in the property by paying a total of $150,000, payable in two payments of $75,000; one upon the signing of the agreement and the other on March 1, 2008 and spending US$2,000,000 on exploration on the property over a three year period. The property is subject to a net smelter return of 2%. Maxtech will have the option to purchase 1% of the NSR for $1,000,000 at any time within five years following an economic discovery.
The entirety of the agreement and its conditions are subject to the approval of the government of Dominican Republic.
Model and Location
