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.
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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.
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