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.

Satellite Digital Elevation
Model and Location

Geology

The property is located in the central zone of a Cretaceous volcanic belt at the margin of a large intrusive body of magnetic tonalite represented by a significant airborne magnetic anomaly.

Although the Spanish mined gold on the island as early as the 1520s, gold production in the Dominican Republic was insignificant until 1975 when the Pueblo Viejo Mine was discovered.