Maximus Ventures Ltd.
COMPANY DATA | INTRODUCTION
| PROPERTY IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE
| Address: | #408, 837 West Hastings Street Vancouver, B.C. Canada V6C 3N6 |
| Tel No.: | (604) 685-6851 |
| Fax No.: | (604) 685-6493 |
| Web Site: | www.maximusventures.com |
| Corporate Email: | ir@maximusventures.com |
| Contact Person: | Barbara Dunfield |
| Position: | Director |
| Traded Market: | TSX Venture Exchange |
| Traded Symbol: | MXV |
| Outstanding Shares: | 9,400,716 |
| Public Float: | Approx. 6.58 million |
| 52 Week High: | $ 0.82 |
| 52 Week Low: | $ 0.17 |
| Present Price: | Click Here |
INTRODUCTION
Maximus Ventures Ltd. is actively pursuing exploration and production opportunities in precious metal. The Company has
an 80% interest in the high grade Condor Yacu gold/silver property in Argentina, and has acquired 1,000 hectares of joint venture lands adjacent to and to the north of Condor Yacu and 6,900 hectares of 100% owned adjacent lands to the south.
PROPERTY IN HAND
Maximus Ventures Ltd. has an option to earn a 80% interest in the high grade Condor Yacu gold/silver project in joint venture with Cardero Resource Corp. (20%), and has acquired 1,000 hectares of joint venture lands adjacent to and to the north of Condor Yacu and 6,900 hectares of 100% owned adjacent lands to the south.
Condor Yacu is located in north western Argentina in the physiographic region known as the "Puna", approximately 125
km southwest of Salta in the Province of Catamarca. The area is characterized by a high plateau with elevations generally around 4,000 metres in moderately rugged terrain with sparse vegetation and dry climate. Exploration can be carried out year round.
Results encountered from drilling in 2001 and 2002, returned assayed values in the South Zone of high grade gold and silver mineralization over long intersections.
Also, the Condor Yacu property is located near the intersection of the north-south trending Diabillos-Cerro Galan fault zone, a regional shear zone, and the north-west trending Cerro Ratones Lineament. Associated hydrothermal activity at the intersection of these two major features near Condor Yacu is thought to have led to the gold-silver mineralization at the property.
Maximus has recently completed a 2003 Phase 1 diamond drill program which has extended the known high grade mineralization in the South Zone along strike and at depth. Results include 10.74 g/t gold and 114.3 g/t silver over 32.6 metres, and 22.26 g/t gold and 140.7 g/t silver over 27.0 metres.
The Company will conduct a 2003 Phase 2 exploration program which includes drilling the Central and Northern Zones at
Condor Yacu in addition to drill targets recently identified on the Silver Standard Resources joint venture ground. The 2003 Phase 2 program will also comprise surface mapping and sampling on Maximus' newly acquired 100% owned adjacent concessions to the south of Condor Yacu.
Maximus Ventures Ltd. now has under its control in excess of 11 km of strike length of the Condor Yacu structure and is optimistic that based on assayed results to date, the project has the potential to become a major precious metals discovery.
MANAGEMENT
The Maximus Ventures Ltd. management comprises a group of professionals with international experience. They include:
Ian Rozier, B.Sc., M.Sc., P.Eng., Director, Chairman
Ian Rozier has been engaged in the financing and exploration of junior resource companies since 1987. Formally with Goldfields of South Africa, Golder Associates, and principal of Canex International Consultants of Vancouver, he has primarily involved with the acquisition, valuation and feasibility studies for many projects throughout the world. Since 1987 he has been involved with the financing, , exploration and promotion of public companies with projects in the Philippines, Indonesia, Australia and South America.
Barbara Dunfield, MBA, Director, President, Chief Financial Officer
Over the past 20 years Barbara Dunfield has had a wide range of experience in the management and development of public companies. Formerly a stock broker, she is familiar with the financing and marketing of public companies and played a significant role in the restructuring and growth of MXV. She continues to make a major contribution to the management and development of the Company.
Doug Hyndman, LLB, Director
Doug Hyndman is a lawyer with the firm Kornfield MacKoff and specializes in banking and finance. He sits as an independent director on the board of several public companies and is very familiar with the financial and regulatory aspects of public companies in the natural resource industry.
Paul Ray, Director
Paul Ray is an independent director and has a wide range of experience with public companies. He has over 25 years experience working as a consultant and contractor in the exploration and mining industry.
NEWS UPDATE
On February 26, 2004, Mr. Ian Rozier, Chairman, reported that Maximus Ventures Ltd. had informed the Gryphon Consortium that it will not be closing on the assignment of the option over a 70% interest in the Phoenix Gold Project, Nevada. The Company is currently evaluating several other projects for possible acquisition and will be making a further announcement in the near future.
On February 04, 2004, Maximus Ventures Ltd. reported the results of the 2003 Phase 2 drill program at the Condor Yacu and Los Corderos properties in northern Argentina. The drill program which was completed in late December 2003 was primarily focused on the Los Corderos property and on the north and central zones of the Condor Yacu property. Seven diamond drill holes were completed at Condor Yacu for a total of 621 metres in order to test three previously untested IP anomalies on the North Outcrop Zone and a zone of hydrothermal breccia located by surface mapping within the Central Zone. At the Los Corderos area a program of surface mapping, rock sampling and diamond drilling was successfully completed. The surface mapping and sampling outlined an area of brecciated and silicified volcanic (andesite) and intrusive (granite porphyry) rocks that returned values of up to 7 grams/tonne gold from fractures.
On December 18, 2003, Maximus Ventures Ltd. reported that the company has entered into an agreement with the Gryphon Consortium whereby it has acquired the rights to a 70% interest in and to the Phoenix gold-copper property project in northeast Nevada. The Phoenix Project is 100% owned by Golden Gryphon Explorations Inc. ( "GGE" ). The company and GGE will be entering into a joint Venture Agreement reflecting these interests for ongoing exploration work.
On December 05, 2003, Maximus Ventures Ltd. reported that the Company has entered into an investor relations agreement with Sundar Communications Group Inc.. Sundar will assist the Company with promotional and investor relations services.
On October 30, 2003, Maximus Ventures Ltd. reported that the mechanical trenching program at Condor Yacu has been completed and the 2003 Phrase 2 drill program has commenced. Mapping and sampling at the Los Corderos, approximately 8 km to the north of Condor Yacu has also been completed and results have been received from Chemex Menoza.
On September 25, 2003, Maximus Ventures Ltd. reported that work has
commenced at the Condor Yacu gold-silver property in Argentina. The camp at
Condor Yacu has been upgraded. Backhoe excavators have arrived at site and
trenching has commenced at the Central and North Zone at Condor Yacu.
Surface trenching will be conducted south of the existing trench at Condor
Yacu where the mineralized structure is up to 15m wide, and has been rooted
at depth by drilling with reported assayed grades of over 14 g/t gold and
129 g/t silver with a true width of over 12m (News Release dated February
11, 2003).
On September 08, 2003, Maximus Ventures Ltd. reported that the 2003 Phase II
drilling program is scheduled to begin in early October 2003. Over 1000m of
diamond drilling is scheduled for the Condor Yacu property and on the Los
Corderos and Relincho II concessions to the north of Condor Yacu held in
joint venture with Silver Standard Resources Ltd. (News Release dated April
9, 2003.n June 12, 2003, Maximus Ventures Ltd. reported the results from the 2003 Phase 1 drilling program at the Condor Yacu property in northwest Argentina in which the Company has an option to earn an 80% interest from Cardero Resource Corporation.
The 2003 Phase 1 drilling program at Condor Yacu comprised of 900 m of diamond drilling, surface mapping and sampling. The objectives of the drill program were to investigate the structural continuity of the South Zone portion of the mineralized north-south striking Condor Yacu shear fault, and to further investigate the high grade gold and silver mineralization along strike form previous drilling which reported grades of 14.5 g/t gold and 129 g/t silver over a true width of 12.2 m in CY-02-05.
A total of ten diamond drill holes were completed in the recent drill program. Of these, six holes intersected the mineralized structure. Four holes missed the structure but the geological interpretation enabled the structure to be located, intersected and sampled in the other six holes.