MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) (“Max” or the “Firm”) is happy to report it has found one other important mineralized outcrop at its AM District, inside its 100% owned Cesar Copper-Silver Venture, Northeastern Colombia. The brand new goal, AM-08 is situated roughly 7-km southeast of the AM-07 discovery (seek advice from Determine 2 and Max Information Launch dated June 22, 2023).
“This new and thrilling discovery reinforces Max’s thesis that the Cesar Copper-Silver Venture might host a number of stand-alone deposits. The Max area crew has now recognized 22 targets throughout three separate districts of the 90-km Cesar copper-silver belt: AM, Conejo and URU,” commented VP Exploration, Bruce Counts.
“As well as, Max’s 4,000-line-km high-resolution airborne magnetic and radiometric survey over your entire AM District is properly underway. Survey outcomes will likely be used to refine present targets and establish new targets by mapping the lithologies and the geological buildings that management mineralization,” he concluded.
Determine 1: Photographs of Outcrop at Goal AM-08 and rock specimen with major copper minerals Chalcocite and Malachite
Preliminary work on the brand new AM-08 outcrop has decided the copper-silver mineralization is hosted in a steeply dipping construction inside a porphyritic rhyolite, a sort of felsic volcanic rock, and that it’s uncovered throughout a width of 10m earlier than disappearing underneath cowl. Chalcocite and malachite are essentially the most plentiful copper minerals noticed within the outcrop with minor quantities of chalcopyrite and covellite additionally current (seek advice from Determine 1).
Systematic channel sampling of the mineralized outcrop has now commenced, and crews have begun detailed mapping within the neighborhood of the brand new discovery with the aim of extending the footprint of mineralization. Drone video of the AM-08 discovery could be considered right here.
Determine 2: Location of the AM-08 Discovery
Background
The Cesar Copper Silver Venture contains of three districts: AM, Conejo and URU. Collectively the three contiguous districts stretch over 90-km in NNE/SSW course (seek advice from Determine 3).
Determine 3: Location of the Cesar Copper Silver Venture, NE Colombia
This area offers entry to main infrastructure ensuing from oil & fuel and mining operations, together with Cerrejón, the most important coal mine in South America, held by international miner Glencore. Max’s twenty mining concessions collectively span over 188-km².
In 2022, Max executed a 2-year co-operation settlement with Endeavour Silver Corp. (TSX: EDR, NYSE: EXK), which assists to increase its 100% owned landholdings, Endeavour will maintain an underlying 0.5% NSR.
AM District
Beginning within the far north of the Jurassic basin, traditional stacked pink mattress outcrops with in depth lateral continuity have been rock sampled over many kilometres throughout the AM District. Spotlight values of 34.4% copper and 305 g/t silver have been documented within the sedimentary pink mattress sequences. The Firm confirmed that stratiform mineralization continues at depth with two scout drill holes accomplished earlier this 12 months (Max Information Launch dated April 4, 2023). As well as, Colombian area crews proceed to find and pattern new mineralized outcrops together with on the not too long ago recognized AM-7 goal (Max Information Launch dated Could 25, 2023 and Max Information Launch dated June 22, 2023).
Conejo District
Halfway south, the Conejo District is the newest to be acknowledged and is characterised by structurally managed mineralization hosted in intermediate and felsic volcanic rocks. Quite a few mineralized outcrops have been found over 3.7-km on the major goal within the district with floor samples averaging 4.9% copper (2% cut-off). No drilling has been carried out at Conejo, nevertheless it has emerged as an space of focus for the Firm.
URU District
Mineralization throughout the URU District is hosted in intermediate volcanic rocks and is structurally managed, much like deposits within the Central African Copper Belt. At URU-C, a 9.0m of seven.0% copper and 115 g/t silver floor discovery was confirmed at depth by drill gap URU-12, which intersected 10.6m of three.4% copper and 48 g/t silver. On the URU-CE goal, 750m to the east, 19.0m of 1.3% copper found in outcrop was confirmed by drill gap URU-9, which intersected a broad zone of copper oxide returning 33.0m of 0.3% copper from 4.0m, together with 16.5m of 0.5% copper (Max Information Launch date January 24, 2023).
CESAR Goal Analysis
Max has recognized and is evaluating 22 targets alongside the Cesar 90-km-long belt for potential drill testing. The Firm is targeted on increasing, refining, and prioritizing these targets in preparation for a drill program. Preliminary efforts have been focused on these targets with the best dimension potential with work that features the next area actions:
- Systematic chip and channel sampling of the mineralized outcrops.
- Detailed geological and structural mapping of every displaying.
- Goal scale prospecting and soil sampling.
- Airborne Magnetic/Radiometric Surveys.
Regional Exploration
Max has demonstrated that the Cesar basin is fertile for copper-silver mineralization over a big space; nonetheless, solely a fraction of the basin has been explored. Because of this, Max has devoted on of its geological groups to regional exploration with the aim of discovering extra copper-silver prospects over 1,000 sq-km.
Certified Individual
The Firm’s disclosure of a technical or scientific nature on this information launch was reviewed and accepted by Tim Henneberry, PGeo (British Columbia), a member of the Max Useful resource advisory board, who serves as a certified particular person underneath the definition of Nationwide Instrument 43-101.
About Max Useful resource Corp.
Max Useful resource Corp. (TSXV: MAX) is a mineral exploration firm advancing the newly found district-scale Cesar copper-silver undertaking. The wholly owned Cesar undertaking sits alongside the Colombian portion of the world’s largest producing copper belt (Andean belt), with world class infrastructure and the presence of worldwide majors (Glencore and Chevron).
As well as, Max controls the RT Gold undertaking (100% earn-in) in Peru, encompassing a bulk tonnage major gold porphyry zone, and 3-km to the NW, a gold bearing large sulphide zone. Historic drilling in 2001, returned values ranging 3.1 to 118.1 g/t gold over core lengths starting from 2.2 to 36.0m.
Max is proactive, with the company aim of transitioning the Cesar basin in direction of the mining of copper, the important thing metallic for Colombia’s transition to scrub power. The security of our folks and the communities the place we function is most necessary. We conduct exploration in a way which helps safety of ecosystems by accountable environmental stewardship.
Supply: NI 43:101 Geological Report RT Gold Venture for Max Useful resource Corp. by Luis Rodrigo Peralta, Mar. 8, 2023. NI 43:101 Geological Report Rio Tabaconas Gold Venture for Golden Alliance Sources Corp. by George Sivertz, Oct.3, 2011.
For extra data go to: https://www.maxresource.com/
For added data contact:
Tim McNulty E: information@maxresource.com T: (604) 290-8100
Rahim Lakha E. rahim@bluesailcapital.com
Brett Matich T: (604) 484 1230
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