Max Resource Corp (TSXV: MXR) made a significant announcement this morning, reporting that the company has entered into a collaboration agreement with one of the leading global copper producers. Under the collaboration agreement, Fathom Geophysics will be conducting a technical study on Max’s Cesar copper-silver project located in northeast Colombia.
The study being conducted will map the stratigraphic features of the Cesar project, with the aim of pinpointing the stratabound copper-silver mineral horizons. During this process, Fathom will also be looking for any discrete, localized features and investigate these features as possible alteration zones.
The mapping of the project is being conducted through the use of remotely-sensed data which includes ASTER and Sentinel-2 infrared bands. These bands will be used for spectral correlation mapping, which will look to compare the data from Cesar to that of known standards to identify any occurrences of the target minerals typically associated with stratabound copper-silver deposits.
The study being conducted in collaboration with the major copper producer and Fathom Geophysics is in addition to the recently announced study being conducted on the Cesar property by that of the renowned Polish university AGH University of Science and Technology in Krakow, Poland. AGH has a storied history working in cooperation with KGHM, the largest copper producer in Europe and the world’s second largest silver producer.
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Max Resource Corp last traded at $0.095 on the TSX Venture.
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