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High-grade and bulk tonnage gold potential at
St. Anthony gold mine
CSE: MVT - OTC: MTEHF - Frankfurt: M1N
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MAXTECH's St. Anthony gold project is a 4,224 ha property located in the Kenora-Patricia mining district in Ontario 85 km east of the town of Sioux Lookout, 13 km south of Savant Lake known for high-grade gold deposits & home of Newmont Goldcorp’s Musselwhite Mine which is one of the worlds largest gold mines.
St. Anthony gold mine produced 63,310 oz of gold from 1905 to 19411
Dormant for over 70 years many targets have not seen any exploration since then.
MAXTECH's very experienced gold exploration staff is capitalizing on modern drilling, mapping and mining techniques to maximize extraction of existing mines as well as locating and drilling new found deposits with very positive results.
St. Anthony mine area is considered the highest probability, nearest term bulk tonnage target 1
St. Anthony mine area is considered the highest probability, nearest term bulk tonnage target 1
‒ Historical work focused on the gold potential of only the quartz veins and paid little to no attention to the low-grade mineralization in the altered wall rocks (less than 3 to 5 g/t Au)
‒ Estimating ~14,000 to 15,000 m of infill drilling to define a maiden resource
‒ Mines were developed to depth of up to ~200 m, but were not fully exploited or explored
1. Andrew Tims, B.Sc. in Geology from Carlton University in Ottawa
‒ Historical work focused on the gold potential of only the quartz veins and paid little to no attention to the low-grade mineralization in the altered wall rocks (less than 3 to 5 g/t Au)
‒ Estimating ~14,000 to 15,000 m of infill drilling to define a maiden resource
‒ Mines were developed to depth of up to ~200 m, but were not fully exploited or explored
1. Andrew Tims, B.Sc. in Geology from Carlton University in Ottawa
Newly Built Bridge
NEWLY BUILT ROAD
Easy Access to Site
quartz veins
Gold In Core Samples
Highly EXPERIENCED team
EXPLORATION PROGRAMS
Program requires three drill phases over 3 known impressive strike lengths of 20 km, 21 km and 12 km
In-fill and expansion drilling of the St. Anthony mine area
Expansion drilling of the Dawson White deposit
Expected to focus on the Buckshaw, Couture Lake and Lucky Bones areas
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BINDING LOI TO EARN A 50% INTEREST WITH PATH TO 100% OWNERSHIP
On August 10, 2020, Maxtech signed a binding letter of intent with Magabra Resources Corp. to earn a 50% JV interest in the claims at the St. Anthony Gold Camp.
Under the proposed JV, Maxtech to expend up to C$18M over a 14-month period for a 50% undivided interest in the claims with the rights to acquire the remaining 50% based upon a mutual agreed third-party evaluation at the time
‒ Maxtech agrees to spend up to C$6M in an initial work program
Following initial due diligence, Maxtech will pay to Magabra the following:
‒ C$300K in cash
‒ 400,000 options at the price of C$0.08
‒ 4M restricted common shares valued at C$0.10/share
Magabra will serve as project manager for all work programs to be conducted on the claims
Magabra and Maxtech will nominate one person each to a committee that shall mutually agree and approve work on the claims
Pursuing The Next High-Grade Gold Discovery in Ontario
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Stay Updated On:
Fast moving mine developments
Drill results and upcoming assays
Company developments & statements
CSE: MVT - OTC: MTEHF - Frankfurt: M1N
Pursuing The Next High-Grade
Gold Discovery in Ontario
CSE: MVT - OTC: MTEHF - Frankfurt: M1N
SIGN UP FOR INVESTOR UPDATES