Further results were released by Max Resource Corp (TSXV: MXR) this morning from their Cesar copper-silver project located in northern Colombia. The latest results extend the Herradura copper-silver zone at the AM North portion of the property, with the highlight sample returning values of 7.2% copper and 55 g/t silver over 2.0 metres.
The recent sampling program has had the effect of expanding the Herradura copper-silver zone from 16 square kilometres to that of 29 square kilometres, with the strike being extended to over 5.7 kilometres, and 5.1 kilometres down dip. The zone is said to remain open both along strike and dip, with the new horizons said to be continuations of this zone.
Highlight results from the program include:
- 7.2% copper + 55 g/t silver over 2.0-metres
- 5.9% copper + 56 g/t silver over 1.5-metres
- 5.5% copper + 56 g/t silver over 1.0-metres
- 3.4% copper + 63 g/t silver over 1.0-metres
- 3.0% copper + 29 g/t silver over 3.0-metres
“Regional exploration has not only expanded the Herradura zone from 16 to 29 sq.km, but the zone still remains open along strike and down dip, demonstrating the significance and regional nature of the CESAR basin. [..] CESAR gives Max significant leverage to copper demand as prices have recently increased to $7,560 from February’s $4,774 per ton.”
Brett Matich, CEO of Max Resource Corp
Mineralization at the Herradura zone is said to be stratabound, and Kupferschiefer type, similar to other mineralization at the Cesar project. The new discovery is located 1.5 kilometres to the south of the main horizon within the zone, with new mineralized outcrops also mapped and sampled 3.5 kilometres down dip from the main discovery zone. Structural mapping is said to be required here to determine the significance of the new discovery.
Max Resource Corp last traded at $0.47 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. Always do additional research and consult a professional before purchasing a security.
The Grocery Grift: Why Toronto and New York Are About to Light Taxpayer Money on Fire