Max Resource Corp (TSXV: MAX) has seen an expansion of its URU discovery. The firm this morning announced that the discovery has been extended by 750 metres to the east following further chip channel sampling.
The URU discovery is part of the URU zone, which is a total of 20 kilometres in length and found on the firms Cesar copper-silver property in Colombia. The discovery is said to extend 290 metres to the north northeast and 750 metres to the east, with a vertical elevation of 322 metres. The new portion of the discover is believed to be over 15 metres thick.
Assays are currently pending on several chip channels that were sampled on 1.0 metre increments, while field crews are currently in the process of further exploration in the region. The system is believed to be the same mineralized structure that is found to the south. A ground induced polarisation and magnetic survey is also now in the process of being completed over the URU discovery.
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“The objective of the field work and the geophysical survey is to expand the URU Discovery footprint and prepare for drilling, which will be conducted by Kluane Drilling of Colombia, as we have now finalized the contract,” said CEO Brett Matich.
Max Resource Corp last traded at $0.67 on the TSX Venture.
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