- Max Resource has identified three new copper-silver discoveries spanning along the CESAR North 80-kilometre-long belt
- CESAR lies along the copper-silver-rich 200-kilometre-long Cesar Basin in northeastern Colombia
- Max’s multi-faceted exploration program for 2021 includes drill core analysis and modelling and field exploration
- Max looks forward to reporting continued results from the CONEJO and URU zones located along the CESAR North 80-kilometre-long copper-silver belt
- Max Resource Corp. is a copper and precious metals exploration company
- Max Resource Corp. (MXR) opened trading at C$0.18 per share
Max Resource ( MXR) is pleased to report initial assay results for a new target located within the CESAR project in North-Eastern Colombia.
Table 1. Rock sample results of 1.0% copper and above.
| Copper | Silver | Width | Sample # |
| 4.8% | 51 g/t | 25-metre | 876502 |
| 1.0% | 6 g/t | 25-metre | 876509 |
| 6.3% | 47 g/t | 0.5-metre | 867233 |
| 12.4% | 162 g/t | float | 876130 |
Presently, the SP target spans over 1.6-kilometres and is open in all directions. The reconnaissance composite grab sampling over 25-metres averaging 4.8 per cent copper and 51 g/t silver is considered very significant, as it indicates the presence of higher copper and silver grades within each 25-metre interval.
This first pass sampling program is to be followed up with trenching and detailed chip channel sampling.
Max CEO Brett Matich commented on the results.
“In 2021 alone, Max’s in-country team have now identified three new copper-silver discoveries spanning along the CESAR North 80-kilometre-long belt, showing the importance of identifying the extent of the copper-silver rich mineralization. In addition to these new results, Max looks forward to reporting continued results from the CONEJO and URU zones located along the CESAR North 80-kilometre-long copper-silver belt.
World demand for copper continues to increase because it is the key metal for the green revolution’s move to electric vehicles, solar, wind and clean power grid infrastructure. Combined with copper’s declining reserve base, new discoveries of copper are essential to replace depleting reserves. The potential district size of the CESAR discoveries positions Max to take advantage of the copper shortfalls.”
Kupferschiefer, the world’s largest silver producer and Europe’s largest copper source, is a mining orebody of 0.5 to 5.5-metres thick at depths of 500-metres, grading 1.49 per cent copper and 48.6 g/t silver. The silver yield is almost twice the production of the world’s second-largest silver mine.
Cesar Copper-Silver Project overview
CESAR lies along the copper-silver-rich 200-kilometre-long Cesar Basin in northeastern Colombia. This region enjoys major infrastructure resulting from oil & gas and mining operations, including Cerrejon, the largest coal mine in Latin America, now held by global miner Glencore (refer to Figure 3).
Due to the district-scale and copper-silver prospectivity of the Cesar Basin, Max has implemented a multi-faceted exploration program for 2021:
Advanced Drill Core Analysis and Modelling: ongoing interpretation of seismic sections and analysis of historical drill holes are all being integrated into our structural modelling of the Cesar Basin, in collaboration with Ingeniería Geológica Universidad Nacional de Colombia (“IGUN”) in Medellín (January 7, 2021, NR).
Geochemical and Mineralogical: research programs by the University of Science and Technology (AGH) of Krakow, Poland. AGH brings their extensive knowledge of KGHM’s world-renowned Kupferschiefer sediment-hosted copper-silver deposits in Poland to the CESAR project.
Geophysical: Fathom Geophysics is interpreting seismic data, funded by the Company in collaboration with one of the world’s leading copper producers.
Proprietary Field Exploration & Techniques: Max’s in-country exploration teams continue to target new copper-silver stratabound mineralized zones.
CESAR North 80-kilometre-long-copper-silver zone:
- In 2020, Max discovered both the copper-silver rich AMS (previously named AM South) zone and the AMN (previously named AM North) zone 40-km north, collectively spanning over 45-km², highlight values of 0.1 to 34.4% copper and 5 to 305 g/t silver over intervals ranging 0.1 to 25.0-metres;
- In March 2021, Max’s announced the CONEJO discovery, now spanning 3.2-km by 1.6-km and open in all directions. CONEJO returned values greater than 5.0% copper from 23 rock panels varying from 5.0m by 5.0m to 1.0m by 1.0m, 66 rock panel samples returned values over 1.0% copper (March 24, 2021 NR):
- 12.5% copper + 84 g/t silver over 5.0-metre by 5.0-metre
- 10.5% copper + 50 g/t silver over 3.0-metre by 2.0-metre
- 10.4% copper + 95 g/t silver over 5.0-metre by 5.0-metre
- 10.2% copper + 62 g/t silver over 5.0-metre by 5.0-metre
- 10.0% copper + 80 g/t silver over 5.0-metre by 5.0-metre
- 8.7% copper + 89 g/t silver over 5.0-metre by 5.0-metre
- 8.4% copper + 60 g/t silver over 5.0-metre by 5.0-metre
- 7.9% copper + 21 g/t silver over 5.0-metre by 5.0-metre
- 7.7% copper + 84 g/t silver over 5.0-metre by 5.0-metre
- 7.4% copper + 47 g/t silver over 5.0-metre by 5.0-metre
- The 2021 URU discovery is located 30-km south of CONEJO, now expanded to 12-km² and open in all directions. URU appears to have major-scale potential; Thirteen rock samples over widths ranging from 10 to 25-metres returned values of 2.0% copper and above, thirty-seven returned values greater than 1.0% copper, with highlight values of 5.7 % copper and 37 g/t silver:
- 4.3% copper and 8 g/t silver over widths of 10-metres
- 3.9% copper and 7 g/t silver over widths of 10-metres
- 3.6% copper and 12 g/t silver over widths of 10-metres
- 3.0% copper and 6 g/t silver over widths of 10-metres
- 3.0% copper and 37 g/t silver over widths of 10-metres
- Late April 2021, Max identified the SP target, which lies along the mid-portion of the CESAR North 80-km belt, in line with the four previous copper discoveries URU, CONEJO, AMN and AMS;
- Exploration continues on the CONEJO and URU zones;
- In addition, Max has initiated the process of mineral claim approvals and drill permitting;
- CESAR West: Max has identified copper porphyry-style mineralization along a significant target zone.
Max Resource Corp. is a copper and precious metals exploration company focused on advancing both the newly discovered district-scale CESAR copper-silver project in Colombia and the newly acquired RT Gold project in Peru.
Max Resource Corp. (MXR) opened trading at C$0.18 per share.
