Max Resource Identifies New Copper-Silver Zone In Colombia

FULL DISCLOSURE: This is sponsored content for Max Resource Corp.

Max Resource Corp (TSXV: MAX) is reporting this morning that it has discovered a new copper-silver system at its CESAR project in northeastern Colombia. The discovery comes as the firm has been working on priority drill target selection.

The new system, referred to as AM-7 Target, is the seventh such discovery in the AM district, with total targets at the CESAR project said to now stand at 21. The target is found within one of six new mining concessions awarded to Max this year.

AM-7 is reported to have a strike length of over 1,600 metres, with widths ranging from 0.3 metres to 2.0 metres. Five historic open cut copper workings are said to be included as part of the target, which extend over 700 metres,

Commenting on the discovery, Max CEO Brett Matich stated, “AM-7 appears to be a significant discovery with potential for multiple stacked mineralized horizons across an impressive strike length of at least 1,600m and is open in all directions. To date, Max has identified 21 copper silver targets through three districts that span over 90-km of the Cesar Copper Rich Basin: AM, URU and Conejo.”

READ: Max Resource Hits 3.4% Copper Over 10.6 Metres In Initial Drilling

Chip and channel samples have been collected along the length of AM-7, with assays slated to be received in the coming weeks. Preliminary data indicates chalcocite is the main copper-bearing mineral at the target, with minor malachite.

The discovery was made as part of an exploration program focused on identifying potential drill targets. Max is currently conducting systematic chip and channel sampling of mineralized outcrops, along with detailed geological and structural mapping. If warranted, trenching is being conducted to exposure further mineralization, while prospecting and soil sampling is also being conducted, along with ground geophysical surveys when appropriate.

Max Resource Corp last traded at $0.125 on the TSX Venture.


FULL DISCLOSURE: Max Resource Corp is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Max Resource. 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.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Verses Hits Commercialization Stage With Genius AI Platform

Related News

Max Resource Releases Initial Results From AGH Study On Cesar Project

This morning, Max Resource Corp (TSXV: MXR) reported initial results from the currently ongoing study...

Tuesday, May 26, 2020, 08:33:11 AM

Max Resources Identifies Copper Mineralization At Depths Of 400 Metres From Surface In Historic Drill Core

The study of historic drill core appears to be paying off for Max Resource Corp...

Tuesday, January 12, 2021, 08:05:27 AM

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...

Tuesday, January 24, 2023, 08:45:41 AM

Max Resource Enters Collaboration Agreement With Major Copper Producer For CESAR Project

Max Resource Corp (TSXV: MXR) made a significant announcement this morning, reporting that the company...

Wednesday, May 13, 2020, 08:18:23 AM

Max Resource Expands Conejo Zone To 3.7 Kilometres

Max Resource Corp (TSXV: MXR) this morning reported further assay results from the ongoing exploration...

Wednesday, November 3, 2021, 07:43:04 AM