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Maxtech Announces Completion of the First Drill Hole at St Anthony Mine and 5,000 m Program Underway
VANCOUVER, BC / ACCESSWIRE / June 15, 2021 / Maxtech Ventures Inc. ("Maxtech" or the "Company") (CSE:MVT)(Frankfurt:M1N)(OTC PINK:MTEHF) is pleased to announce
About this update from Spark Energy Minerals Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / June 15, 2021 / Maxtech Ventures Inc. (\"Maxtech\" or the \"Company\") (CSE:MVT)(Frankfurt:M1N)(OTC PINK:MTEHF) is pleased to announce completion of its first diamond drill hole, SA21-15, as part of its Phase One diamond drilling program on the St Anthony mine property located in the Kenora-Patricia Mining District of North Western Ontario. Hole SA21-15 is the first of two planned twinned holes in a 15-hole drill program targeting a total of 5,000 m. Twinning drill holes is a traditional technique used for QA-QC verification of historical drilling to provide data necessary for completing a National Instrument 43-101 (\"NI 43-101\") compliant mineral resource estimate. Hole SA21-15 twinned a 2011 drill hole with the second twinned hole setting up adjacent to a 2010 drill hole. The remaining drill holes in the work program will be a combination of infill and peripheral drilling to expand the mineralization along strike and down dip. Drill core samples will be sent to ALS Global for gold (Au-AA23) and multi-element (ME-MS61) analysis plus spectral mineralogy data will be collected from selected samples through the mineralized envelope to assist in vectoring to additional gold bearing structures. Peter Wilson, CEO stated, \"the 2009/2010 drilling showed a non - compliant 1.2 million ounce probability within only a 300m by 300m area over the St. Anthony Mine. The Phase 1 drill program will focus on infill and expansion drilling to prove up more tonnage and looking to increase up to 3 million ounces by opening up the current deposit in other directions and by properly assaying for nugget effect gold. An infill-drilling program is being utilized to confirm the extent of mineralization between previous drill holes and hopefully expand the St. Anthony mineralization zones. (source: Technical Report on the St. Anthony and Best/King Bay Properties, prepared by Graeme Evans BSc, PGeo, June 16, 2015).\" The Company also announced that is has issued 5,000,000 options under its Stock Option Plan to officers, directors and consultants. Each option is exercisable at $0.10 for a period of two years. About The St. Anthony Gold Project: The St. Anthony Gold Mine is located in the Kenora-Patricia Mining District of Ontario and encompasses four historical mining operations including the largest past-producing mine in the...