Max Resource Corp (TSXV: MXR) this morning issued a brief press release, outlining that the company has acquired further land in Colombia. The company has now expanded its its wholly owned Cesar copper-silver project in the country to district scale size.
The Cesar property now boasts over 2,500 square kilometres of land claims, with the property reportedly having a combined 220 kilometres of strike of highly prospective copper-silver mineralization. The latest announcement sees 500 square kilometres added to the property in total, with the property being contiguous to the Cesar West property in the north.
The land expansion was conducted following newly discovered showing of mineralization. Furthermore, the company’s flagship asset is reportedly adjacent to 20 drill holes that were not previously analyzed for copper, with a total of over 2,000 square kilometres of seismic surveys having been conducted on the property.
“This targeted land expansion was generated from newly-discovered copper showings, rock sampling, structural mapping, interpretation of seismic sections and analysis of historical drill holes, all being integrated into our ongoing structural modelling of the CESAR Basin.”Brett Matich, CEO
The company is currently in the process of exploring high priority targets at both Cesar North and Cesar West.
Max Resource Corp last traded at $0.275 on the TSX Venture.
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