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

Subscribe

Be the first with the news that moves the market
  • Max Resources (MXR) has posted the latest results from its outcrop sampling work on its CESAR project in Colombia
  • The first zone tested within the northern property, Herradura, returned chip samples as high as 34.4 per cent copper and 305 grams per tonne silver 
  • The second zone on the property, The Ventana prospect, returned results that went as high as 4.6 per cent copper and 21 grams per tonne silver from a 0.2 metre cut
  • Max Resources (MXR) is down 10 per cent and is trading at C$0.21 per share 

Max Resources (MXR) has posted the latest results from its outcrop sampling work at the CESAR project in Colombia.

The highlight was a 34.4 per cent copper and 305 grams per tonne silver result from an outcrop on the Herradura mineralized structure.

Other results from Herradura included 16 per cent copper and 146 grams per tonne silver over a four metre by one metre rock chip, and 14.2 per cent copper and 215 grams per tonne silver from a 0.6 metre slice of outcrop.

Herradura is at the northern extension of the AM North zone of the CESAR project, and has thus far had two rock outcrops tested 1.8 kilometres apart.

The highest result was collected from a rock channel on the easternmost portion of the Herradura deposit.

The other mineral zone the company was testing was the Ventana prospect, which returned results at high as 4.6 per cent copper and 21 grams per tonne silver from 0.2 metre cut, alongside a 3.7 per cent copper and 22 grams per tonne silver over 0.5 metres.

Ventana is a newly discovered mineralized zone, also in the Northern section of the property.

Its mineralization is contained within fine-grained sediments as opposed to the solid strata bound mineralization of Herradura.

The Cesar project is two mineral exploration properties, separated by 40 kilometres but lying within the same geological trend.

The company has stated that this is its first pass of field work on the mineral zones, and follow up work has currently begun to test the length and breadth of these mineralised zones.

CEO of Max Resource Brett Matich said the results from the rock chip sampling could potentially increase the prospectivity and scalability of CESAR.”

“Our field teams continue to make new discoveries, building on and confirming the kupferschiefer-style geological model for CESAR.

“Max is conducting its exploration activities on multiple fronts and continues to meet with success, as we move closer to demonstrating the potential of CESAR as a significant copper and silver district,” he said. 

Max Resources (MXR) is down 10 per cent and is trading at C$0.21 per share at 11:15 am EDT. 

More From The Market Herald

" Silvercorp Metals Inc. Outperformed Peers in Q4 and Looking Strong for 2023

By Dr. Ryan D. Long

" NEO Battery Materials (TSXV:NBM) advances construction at South Korean commercial plant

Neo Battery Materials (NMO) advances construction at its South Korean commercial plant.

" Novo Resources (TSX:NVO) begins drilling at high-grade gold Catia prospect

Novo Resources (NVO) has begun drilling at the high-grade gold Catia prospect at its Bellary Dome Project in Australia.

" Fathom Nickel (CSE:FNI) to acquire Watts Lake Mineral claims in Saskatchewan

Fathom Nickel (CSE:FNI) is to acquire the Watts Lake Mineral Claims in Saskatchewan following an agreement with SKRR Exploration.