Max Resource Corp (TSXV: MXR) announced significant news this morning, with the company announcing a new zone at its Cesar Copper-Silver property located north of Bogota, Colombia. The zone extends the AM North area as a whole from 2.5 kilometres to that of over 11 kilometres – a 4x increase in known mineralization at the property.
Referred to as the Ventana Zone, the zone extends over 11 kilometres northward to that of the Herradura Zone. Considered as the second discovery at the AM North portion of the Cesar project, it consists of three new outcrops along an open-ended 300 metre horizon. Grab samples collected from the zone contained highlight values of 2.7% copper and 4 g/t silver over 2 metres.
The grab samples are considered by the company to be representative of the zone as a whole, however grab samples can be selective in nature. Mineralization within this new zone is similar to what is found in terms of copper-silver mineralization at the Herradura Zone. Further chip channel analysis is pending for both of these zones.
Max Resource Corp last traded at $0.095 on the TSX Venture.
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