MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) (“Max” or the “Firm”) is happy to report that it has found a sequence of 5 mineralized outcrops (collectively Goal Space AM-14) on a Mining Concession, throughout the AM District of its wholly-owned Cesar Copper-Silver Undertaking, Northeastern Colombia.
Highlights
- 5 newly found outcrops of stratiform copper-silver mineralization overlaying 1,000m2.
- Mineralized layers are uncovered as much as 285m alongside strike and vary in thickness from 0.8m to 4.0m.
- Confirms a number of copper-silver bearing horizons inside thick sedimentary rock sequence.
- Robust proof of 1.5-km continuity of mineralized layers between new discovery and AM-07.
The 5 discoveries affirm a number of copper-silver bearing layers inside a 700-metre-thick sequence of interbedded sandstones within the AM District. Moreover, there’s sturdy proof to recommend that one of many newly found outcrops (Outcrop #2) is a continuation of the mineralized horizon at goal AM-07, situated roughly 1.5-km to the northeast. This helps the Firm’s interpretation that the copper-silver bearing layers within the AM District are steady over giant distances, much like the Kupferschiefer and Kamoa-Kakula deposits.
“As we proceed to acquire high-grade outcomes and find important structural and stratiform copper-silver mineralization, the Firm’s staunch perception in Cesar as a possible for important deposits comes ever nearer to fruition,” commented Brett Matich, CEO of Max.
“The AM-14 mapping and sampling outlines an space some 600 to 1000 metres by 1000 to 1200 metres, strongly supporting our perception in Cesar as a regional or district copper-silver goal, versus a cluster of smaller unrelated zones. We sit up for assay ends in the approaching weeks,” he concluded.
Description of the Mineralisation
Preliminary work has decided that mineralization is hosted in layers of medium to fine-grained sandstone wealthy in natural materials. The copper-silver bearing horizons are distributed throughout a 700-metre-thick bundle of interbedded sedimentary rocks that strike 240⁰ to 260⁰ and dip 30⁰ to 45⁰ northwest. Chalcocite, malachite and azurite are probably the most considerable copper minerals noticed within the outcrop (seek advice from Determine 1 to Determine 3).
All 5 of the outcropping mineralized beds are open alongside strike and at Outcrop #2, the copper-silver bearing sandstone horizon may very well be traced alongside strike for over a distance of 285m. Equally, at Outcrop #5, the mineralized horizon uncovered for over 130m earlier than disappearing below cowl. Layer thickness ranges from 0.8m at Outcrop #4 to 4.0m at Outcrop #5.
Systematic channel sampling of the mineralized outcrop has now commenced. As well as, crews have begun detailed mapping within the neighborhood of the invention with the aim of extending the footprint of mineralization.
Picture reveals outcrop of Cu-Ag bearing sandstone. The mineralized horizon is 2 metres thick and uncovered for 4 metres alongside strike earlier than disappearing below cowl.
Determine 1: Newly Found Outcrop #1 at AM-14
Picture reveals outcrop of Cu-Ag bearing sandstone. The mineralized horizon is 1.25 metres thick and uncovered for 236 metres alongside strike earlier than disappearing below cowl.
Determine 2: Newly Found Outcrop #2 at AM-14
Picture reveals outcrop of Cu-Ag bearing sandstone. The mineralized horizon is 4 metres thick and uncovered for 130 metres alongside strike earlier than disappearing below cowl.
Determine 3: Newly Found Outcrop #5 at AM-14
Determine 4: Location of the AM-14 Discovery
Determine 5: Location of Newly Found Outcrops in Goal Space AM-14
Background
The Cesar Copper Silver Undertaking contains three districts: AM, Conejo and URU. Collectively the three contiguous districts stretch over 120-km in NNE/SSW route (seek advice from Determine 6).
Determine 6: Location and Scale of the Cesar Copper Silver Undertaking, NE Colombia
This area supplies entry to main infrastructure established for oil & fuel and mining operations, together with Cerrejón, the biggest 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 in increasing 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 purple mattress outcrops with intensive 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 purple 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 discipline crews proceed to find and pattern new mineralized outcrops together with on the just lately recognized AM-7 goal (Max Information Launch dated Might 25, 2023 and Max Information Launch dated June 22, 2023).
Conejo District
Halfway south, the Conejo District is the latest 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 main 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 28 targets alongside the 120-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 targeting these targets with the best measurement potential with work that features the next discipline 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 one in all its geological groups to regional exploration with the aim of discovering further copper-silver prospects inside its land bundle overlaying greater than 1,000 sq-km.
Certified Particular person
The Firm’s disclosure of a technical or scientific nature on this information launch was reviewed and authorised by Tim Henneberry, PGeo (British Columbia), a member of the Max Useful resource advisory board, who serves as a certified particular person below 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 main 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 steel for Colombia’s transition to wash vitality. The protection 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 way of accountable environmental stewardship.
Supply: NI 43:101 Geological Report RT Gold Undertaking for Max Useful resource Corp. by Luis Rodrigo Peralta, Mar. 8, 2023. NI 43:101 Geological Report Rio Tabaconas Gold Undertaking for Golden Alliance Assets 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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