Max Resource Assays 16.8 Metres Of 8.3% Copper, 146 g/t Silver In Latest Channel Samples

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.

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.

Video Articles

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Max Resource Enters Collaboration Agreement With Major Copper Producer For CESAR Project

Max Resource Corp (TSXV: MXR) made a significant announcement this morning, reporting that the company...

Wednesday, May 13, 2020, 08:18:23 AM

Max Resource Enters Into Collaboration Agreement With One of the World’s Leading Copper Producers

The second most significant event in the life of a junior resource company (the first...

Saturday, May 16, 2020, 08:30:00 AM

Max Resource Announces Receipt Of 15 Additional Concession Contracts

Max Resource Corp (TSXV: MXR) this morning indicated it has received further mining concession contracts...

Wednesday, January 12, 2022, 08:35:08 AM

Max Resource Releases Bulk Sample Assay Results For Cesar Project

Further assay results have been released this morning by that of Max Resource Corp (TSXV:...

Thursday, May 21, 2020, 08:44:21 AM

Max Resource Discovers New Zone At Cesar Copper-Silver Project

Max Resource Corp (TSXV: MXR) this morning announced that it has discovered yet another copper...

Thursday, April 8, 2021, 07:08:30 AM