Max Resource Hits 3.4% Copper Over 10.6 Metres In Initial Drilling
Initial results are in for the maiden drill program conducted at the Cesar Project, which is owned and operated by Max Resource Corp (TSXV: MAX). Drilling to date under the program is said to have been focused on the URU-C and URU-CE targets.
Drilling is said to have confirmed continuation of copper and silver mineralization at depth at both targets. Highlights from the results include:
- URU-1: 1.4% copper and 8 g/t silver over 6.97 metres
- URU-9: 0.3% copper over 32.97 metres
- URU-10: 0.4% copper over 28.65 metres
- URU-12: 3.4% copper and 48 g/t silver over 10.60 metres
- URU-14: 1.2% copper and 18 g/t silver over 12.53 metres
A total of 14 holes were conducted under the program for an aggregate of 2,244 metres drilled. 12 of the holes are said to have intersected mineralization, with 6 said to have hit significant copper silver mineralization.
At the URU-C target, the company confirmed copper silver mineralization via hole URU-12, which hit 3.4% copper and 48 g/t silver over 10.60 metres. URU-CE meanwhile was confirmed via hole URU-9, which hit 32.97 metres of copper oxide at 0.3%, implying the potential for a bulk tonnage system being present.
READ: Max Resource Completes First Eight Drill Holes At Cesar Copper-Silver Project
Future planned drilling at URU-C will work to confirm continuation of high-grade mineralization down dip, while further work at URU-CE will also target higher grade zones based on rock channel sampling conducted to the south. A fully funded 2023 exploration and drilling campaign is said to now be underway at the project, which is said to include a phase 1 metallurgy study.
“We are pleased that the first drill program has achieved the objective of confirming two discoveries which continue at depth, noting the results are from a 0.75-km partial strike of the 90-km-long copper silver zone. Malachite and chalcocite zones were intersected in 12 of the first 14 holes with significant copper silver mineralization in 6 holes, including bonanza 18.5% copper + 292 g/t silver over 0.8m,” said CEO Brett Matich.
Max Resource Corp last traded at $0.275 on the TSX Venture.
FULL DISCLOSURE: Max Resource Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Max Resource Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.