The latest assays are in for Max Resource Corp (TSXV: MXR). The company continues to hit significant mineralization within its sampling program as it prepares to conduct its first drill program, this morning indicating it has found yet another high grade drill target at the Uru Zone within the Cesar copper-silver project.
This latest sampling program saw rock channel samples taking over three levels of a single mineralized structure. The upper level saw 24 samples collected in total across 48 metres, which on average returned values of 5.3% copper and 44 g/t silver. The lower two levels meanwhile reportedly have seen channel sample results assay true widths of mineralization of 7.0 metres of 8.5% copper and 143 g/t silver, and 16.8 metres of 8.3% copper and 146 g/t silver, respectively.
That mineralized structure in total reportedly has seen over 190 metres of vertical extent, and is open at either end. Strike length meanwhile is said to be over 290 metres, and is open to the north-northeast.
Sponsored · Cambria Gold Mines
“These first pass results over +290m of strike and +190m of vertical extent suggests this first of five structural URU targets represents a remarkable high-grade copper-silver discovery. In addition, the mineralization in the outcrop exposures appear to extend under overburden cover with open-ended grades of 11.1% and 3.7% copper in the last exposed samples with true thickness of the 7.0m channel, and similarly with 16.8m channel at 8.3% copper open-ended, with either end samples grading 4.2% and 2.7% copper,” said CEO Brett Matich on the results.
The company is now in the process of conducting an IP survey on this region of the property as it looks to identify the potential depth of mineralization before the oncoming drill program.
The results follow the company entering into a definitive cooperating agreement with Endeavour Silver (TSX: EDR) just last month.
Max Resource Corp last traded at $0.69 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.
