Max Resource (TSXV: MAX) has seen mobilization begin for its previously announced drill program. The company expects the drilling to get underway within the next two weeks on its flagship Cesar copper-silver project in Colombia.
The planned drill program is set to consist of an eight hole program, which will be conducted from five separate pads on the property. The program is set to focus on the Uru Central region of the property, with both Uru-C and Uru-CE set to be targeted. A second phase drill program is also set to immediately follow the initial eight hole program.
“The main objective of this initial drilling program at URU is to confirm the down dip continuation of the copper-silver mineralization for both the URU-C and URU-CE discoveries. Follow-up drilling will target mineralization along strike and further down dip. To gauge the enormity of the URU District, Max’s drilling is currently targeting a significant 1-km of strike of the URU 20-km-long surface copper-silver mineralization,” commented CEO Brett Matich.
Drilling is set to occur at regions where the company has seen significant channel sampling results, including 9.0 metres of 7.0% copper and 115 g/t silver, as well as 52.0 metres of 4.9% copper and 41 g/t silver.
The firm also indicated this morning that a 14 line kilometre IP and grand magnetic survey was completed over the region being targeted for drilling. The results are said to correlate with the surface copper-silver mineralization, and indicate that the zone may extend a further 500 metres to the northeast. A further 20 line kilometres of surveys are being completed on the property due to the results received.
Max Resource last traded at $0.28 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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.