Max Resources - CEO, Brett Matich
CEO, Brett Matich
Source: Mining Investment Events
Market Herald logo


Be the first with the news that moves the market
  • Max Resources (TSXV:MXR) has partnered with several organisations to advance its CESAR silver and copper project in Colombia 
  • Max has engaged Fathom Geophysics to conduct a technical study on the site, mapping underground mineral features to determine drilling targets 
  • Max has partnered with a currently un-named major global gold producer at the CESAR project, but has not released the details regarding the partnership. 
  • The company has also partnered with the University of Technology and Science in Krakow, a global leader in mineral science 
  • Max Resources (MXR) is down 10 per cent, with shares trading at C$0.09 and a market cap of $2.65 million 

Max Resources (TSXV:MXR) has partnered with several organisations to advance its CESAR silver and copper project in Colombia in northeast Colombia.

The partnership has brought together an unnamed major global copper miner, a leading mineral research institute and a cutting-edge geophysics company. 

The junior miner has brought in a geophysics firm Fathom Geophysics to carry out a technical study of the project.

Fathom’s technical study will focus on mapping stratigraphic features that may help Max Resources pinpoint copper-silver mineral horizons. 

Fathom will be looking for any discrete, localised features and will investigate any such features as possible alteration zones, which have the potential for significant mineralization.

Max Resources has also secured themselves an as yet unnamed major international copper miner, to partner with them on the CESAR project.

The company did not include the name of the copper miner, nor the terms of the deal, but did confirm that the two companies were collaborating. 

Furthermore, the company has engaged in a research program initiated by the University of Science and Technology of Krakow, Poland. 

The University has a long history of cooperation with KGHM, the largest copper producer in Europe and the world’s second largest silver producer.

Max Resources’ CEO, Brett Matich said the participation of a major global copper producer marked a significant milestone for the company.

“Max’s ability to attract the interest of major mining company and Poland’s University of Science and Technology reflects the technical merit of the Cesar project.

“The field team has now returned to the site with the objective of both expanding the footprint of the CESAR deposit and determining the continuity of the copper-silver mineralization,” he said.

Max Resources (MXR) is down 10 per cent, with shares trading for C$0.09 at 1:26pm EDT. 

More From The Market Herald

" International Prospect (TSXV:IZZ) closes $500K financing

International Prospect Ventures (IZZ) has completed a previously-announced non-brokered private placement offering for gross proceeds of $500,000.

" Defense Metals (TSXV:DEFN) closes oversubscribed private placement

Defense Metals (DEFN) has closed its oversubscribed non-brokered private placement for gross proceeds of $6,094,020.66.

" Teck Resources (TSX:TECK.A) and Earth Rangers partner to support wildlife conservation

Teck Resources Limited (TECK.A) and Earth Rangers expand their partnership to support wildlife conservation programs and engage young Canadians in biodiversity programming.

" Exploits Discovery Corp. (CSE:NFLD) upsizes private placement

Exploits Discovery Corp. (NFLD) has increased its previously-announced non-brokered private placement to $4,410,000.