Saturday, September 13, 2025

Max Resource Announces Receipt Of 15 Additional Concession Contracts

Max Resource Corp (TSXV: MXR) this morning indicated it has received further mining concession contracts at its flagship Cesar North project in Colombia. Awarded in late 2021, the firm received a total of 15 additional contracts.

The mining concession contracts are significant for the company, as they enable more in-depth exploration to occur, while paving the way for drill testing of the firms property. The additional contracts bring the total to 19 mining concession contracts that were awarded to Max Resource in 2021, all of which were awarded in November and December.

Collectively, the concessions cover an area of 186 square kilometres, and extend for 45 kilometres along the Cesar North belt. Additional concessions are said to be pending for the company as well.

Looking forward, the firm is planning on conducting a 290 square kilometre survey this year, the results of which will be used for drill design and further exploration targets. In terms of targets, the company currently has five targets at the URU zone which it intends to drill this year. The company is also looking to expand both the Conejo and the URU zones via further exploration, while also conducting geophysical surveys.

“URU is to be the first significant drilling event on this previously unrecognized copper-silver belt, since the discovery of Cerrejón, the largest coal mine in South America and the reasons for much of the critical infrastructure in the CESAR basin,” commented Brett Matich, CEO of Max Resource Corp.

Max Resource Corp last traded at $0.23 on the TSX Venture.


FULL DISCLOSURE: Max Resource Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Max Resource Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

Video Articles

Soma Gold Q2 Earnings: Production Drops Amid Growth Effort

Guanajuato Q2 Earnings: Things Are Going Backwards

Electric Metals: The Sole US Domestic Source Of A Critical Mineral?

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

BHP: Rising AI Demand Could Trigger Copper Crisis by 2050

The rapid rise of artificial intelligence is transforming industries worldwide, but it may also create...

Wednesday, September 18, 2024, 02:49:00 PM

Is The Lack Of Copper Development Leading To A Supply Crunch? – The Daily Dive feat Joe Mazumdar

Starting off the trading week, The Daily Dive sees host Cassandra Leah sit down with...

Monday, March 22, 2021, 01:30:00 PM

Gold Play: How to Structure a No-Dilution Mining Deal with Majors | Chad Peters – Ridgeline Minerals

In this interview, Chad Peters, President & CEO of Ridgeline Minerals Corp. (TSXV: RDG), outlines...

Wednesday, December 4, 2024, 01:15:00 PM

Copper Retreats from May High as China’s Economic Boost Falls Short

Base metals markets are experiencing a significant downturn, with copper leading the decline amid concerns...

Tuesday, July 23, 2024, 11:03:43 AM

This $25B Copper Project Has a 3.8-Year Payback | Ian Graham – Oroco Resource

In this interview, Ian Graham, President of Oroco Resource Corp (TSXV: OCO), talks about the...

Wednesday, March 5, 2025, 02:07:00 PM