- Max Resource (MXR) has received its first mining concession contract for its CESAR Project in Colombia
- The contract has an initial term of 30 years and focuses on the URU Zone located along the CESAR North 90 km copper-silver belt
- The contract is essential to eventually securing drill permits and developing a drill program on the property
- CESAR sample highlights to date include 34.4 per cent copper and 305 g/t silver as well as 14.8 per cent copper and 132 g/t silver
- Max Resource is a copper and precious metals exploration company focused on projects in Colombia and Peru
- Max Resource (MXR) is up by 5.26 per cent and is currently trading at $0.20 per share
Max Resource (MXR) has received its first mining concession contract for its CESAR Project in Colombia.
The contract focuses on the URU Zone located along the CESAR North 90 km copper-silver belt. It has an initial term of 30 years and includes an extension for a further 30 years.
The company interprets the sediment-hosted stratiform copper-silver mineralization in the Cesar basin as analogous to both the Central African Copper Belt (CACB) and the Kupferschiefer deposits in Poland.
Almost 50 per cent of the copper known to exist in sediment-hosted deposits is contained in the CACB.
Kupferschiefer is the world’s largest silver producer and Europe’s largest copper source. It comprises a mining orebody ranging from 0.5 to 5.5 m thick at depths of 500 m grading 1.49 per cent copper and 48.6 g/t silver.
CESAR sample highlights to date include 34.4 per cent copper and 305 g/t silver as well as 14.8 per cent copper and 132 g/t silver.
Max’s Technical Consultant, Christian Grainger, will present the CESAR Project at the Colombian Gold Symposium today at 3:00 pm ET, including a live stream.
Brett Matich, Max Resource’s CEO, stated,
“Receipt of this initial mining concession contract is a key step in obtaining drill permits and developing a plan for the very first drilling program on the URU copper-silver zone.
The Max technical team is now working in the field to identify drill targets over the approved mining concession contract and continue to expand the 48 km² URU Zone.”
Max Resource is a copper and precious metals exploration company focused on projects in Colombia and Peru.
Max Resource (MXR) is up by 5.26 per cent and is currently trading at $0.20 per share as of 10:59 am ET.
