Subscribe
Be the first with the news that moves the market- Max Resources’ (TSXV:MXR) recent exploration work has extended a mineralised zone on its Cesar Project in Colombia to 11 kilometres
- The new mineralised zone has been named Ventana and was previously measured to just 2.5 kilometres
- The company believes Ventana may link up with another deposit at the nearby AM North property, named the Herradura mineralised zone
- Grab samples from one of the newly identified Ventana outcrops returned results of 2.7 per cent copper and four grams per tonne silver over two metres
- Max Resources (MXR) is up 15 per cent and is trading at C$0.11 per share
Max Resources’ (TSXV:MXR) recent exploration work has extended a mineralised zone on its Cesar Project in Colombia to 11 kilometres.
The discovery lies on the AM North property of the Cesar project, and had previously only been measured to approximately 2.5 kilometres in length.
The discovery was made up of three new outcrops dotted along a 300-metre horizon, which returned grab samples of 2.7 per cent copper and four grams per tonne of silver over two metres.
Named the Ventana Zone, the trend stretches northwards along this horizon towards the Herradura zone, also located on the company’s AM North property.
The style of mineralization identified at Ventana has been copper pathfinder minerals, including chalcocite, malachite, azurite and native copper, which are present in the same levels as the Herradura zone.
CEO of Max Resources, Brett Matich said beleves extending the AM North strata bound copper-silver zone to over 11 kilometres is a major step towards demonstrating the potential in the region.
“Our field teams continue to make new discoveries, building on and confirming the Kupferschiefer-style geological model for Cesar.
“We look forward to releasing further exploration results as ALS Mineral Assay Labs clears the backlog resulting from COVID-19,” he said.
The Cesar project is often compared by Max Resources the Polish Kupferschiefer, as both sit on top of long sediment hosted copper and silver mineralised belts.
Max Resources (MXR) is up 15 per cent and is trading at C$0.11 per share at 1:20 pm EDT.
