Max Resource Corp (TSXV: MXR) this morning reported further assay results from the ongoing exploration of its Cesar project in Colombia. The latest results come from the Conejo zone, where the company has focused its efforts as of late.
With the latest results, the high grade zone known as Conejo is said to now extend for at least 3.7 kilometres, with the zone hosting an average grade of 4.9% copper, based on a 2% cutoff. The zone to date has seen thirteen rock samples report copper at grades above 8.0%, while 53 samples have yielded higher than 5.0% copper.
Highlights from the latest results include:
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- 9.9% copper and 50 g/t silver over a 2.0m chip channel
- 9.3% copper and 126 g/t silver over a 2.0m chip channel
- 7.5% copper and 93 g/t silver over a 2.0m chip channel
- 7.3% copper and 100 g/t silver over a 2.0m chip channel
“The presence of high-grade copper in both the stratabound horizon and within the igneous hosted stockwork cutting the copper horizon suggest CONEJO to be a significant stand alone copper target capable of hosting a substantial copper
deposit,” said CEO Brett Matich on the results.
The company also indicated this morning that it has begun exploring the URU zone, which is 30 kilometres south of the Conejo zone.
Max Resource Corp last traded at $0.19 on the TSX Venture.
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