Max Resource Corp (TSXV: MXR) this morning released further assay results from the Conejo copper-silver zone at its flagship Cesar property in northern Colombia. The latest results are said to improve the area of the zone by 500%.
Assay results released this morning have expanded the zone to an area covering 3.2 kilometres by 1.6 kilometres, with the zone still remaining open in all directions. The latest results include highlights of 3.0% copper and 22.6 g/t silver on 1 metre by 1 metre rock panels. The company also indicated that ten rock panels returned values above 1.0% copper.
The discovery as a whole has seen a total of twenty three rock panels varying in size from five metres by five metres to one metre by one metre return copper values above 5.0%. Sixty six panels meanwhile returned values above 1% copper.
“Newly discovered in March of this year, and although early stage, CONEJO appears to have scalable potential. Systematic mapping is now underway to determine both the density and orientation of the mineralized structures. In addition, the Max team are eagerly awaiting assay results from another new discovery, the URU zone located 30-km south, which seems to be very similar mineralization to CONEJO.”
Brett Matich, CEO of Max Resource Corp
Max Resource Corp last traded at $0.20 on the TSX Venture.
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