Max Resource - CEO, Brett Matich
CEO, Brett Matich
Source: Max Resource
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Max Resource Corp. (MAX) has found continuous copper-silver mineralization at the CESAR Project in Colombia
  • The URU-C and URU-CE targets were drill tested and confirmed the continuation of copper-silver mineralization at depth
  • Follow-up drilling has been planned for both targets
  • Nearly all of the holes intersected mineralized zones with characteristics associated with a district-scale hydrothermal system
  • Max Resource Corp. (MAX) is down 9.10 per cent, trading at $0.25 per share as of 12:36 p.m. EST

Max Resource Corp. (MAX) has found continuous copper-silver mineralization during its initial drilling program at the CESAR Project in Colombia.

According to the company, the URU-C and URU-CE targets were drill tested within the 20-kilometre-long copper-silver bearing URU District. These targets confirmed the continuation of copper-silver mineralization at depth and were only 750 metres apart from each other.

Source: Max Resources Corp.

The URU-C target returned 7.00 per cent copper and 115 grams of silver per tonne at 9.00 metres in hole URU-12. Further drilling is planned to confirm the continuation of high-grade mineralization down dip.

At URU-CE, a 19 metre, 1.30 per cent copper discovery was confirmed in hole URU-9, which intersected a broad zone of copper oxide. The broad associated alteration zone implies the potential for a bulk tonnage system.

Follow-up drilling at this target will test higher-grade zones at the surface, which were discovered along the strike to the south.

The company’s drill program included 14 holes over 2,244 metres. Nearly all of the holes intersected mineralized zones, with six intersecting significant copper-silver mineralization. All holes encountered characteristics associated with a district-scale hydrothermal system.

CEO of Max Resources, Brett Matich, commented,

“We are pleased that the first drill program has achieved the objective of confirming two discoveries which continue at depth… The company’s exploration team has now commenced its fully-funded 2023 exploration and drilling program.”

Max Resource Corp. (MAX) is down 9.10 per cent, trading at $0.25 per share as of 12:36 p.m. EST.


More From The Market Herald

" Osisko Mining (TSX:OSK) announces $75 million private placement

Osisko Mining (OSK) will undertake a C$75 million bought-deal private placement.

" @ the Bell: Markets tumble amid rate worries

Canada’s main stock index was weighed down on Monday by commodity-linked and financial stocks. The telecom and utilities sectors posted some gains.
Dolly Varden Silver Corporation - President & CEO, Shawn Khunkhun.

" Dolly Varden Silver (TSXV:DV) reports highest-grade silver assay found so far on the Kitsault Valley Property

Dolly Varden Silver Corporation (DV) discovered the highest-grade silver assay found so far on the Kitsault Valley Property.

" Millennial Potash (TSXV:MLP) announces $2M private placement of units

Millennial Potash Corp. (MLP) has announced a private placement for gross proceeds of $2 million.