Max Resource Corp (TSXV: MXR) this morning announced that it has discovered yet another new copper zone at its wholly owned Cesar North project in Northern Colombia. The discovery marks the fifth such zone discovered on the property this year by the company.
The latest zone, referred to as the SP Zone by the company, sits in the mid portion of the property. The property reportedly lines up well with the four recent discoveries on the 80 kilometre long property.
The zone is now being followed up with both mapping and geochemical sampling, the results of which hope to identify the source of mineralization. Soil and rock samples are to be collected by the company, the results of which are expected to be received back from the lab in June.
“Over an 18-month period, Max extended the CESAR North zone to over 80-kilometres in length. Initial assay results for URU and SP are pending, but considering a CESAR target copper grade of 1%, with highlight values of 5.8 to 34.4% copper and 106 to 205 g/t silver from CONEJO, AMS and AMN, the overall district-size-scale potential for the CESAR basin has clearly been demonstrated.”
Brett Matich CEO of Max Resource Corp
Max Resource Corp last traded at $0.215 on the TSX Venture.
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