Max Resource Identifies Second Drill Target At Uru Zone
Max Resource Corp (TSXV: MXR) has reportedly identified a second drill target area at the Uru Zone of its Cesar copper-silver project in Colombia. The target follows the identification of the first such drill target in early December.
The second drill target is said to be located at the southern end of the zone. The target was identified following the collection of 45 channel and composite samples in the region, of which 38 returned values in excess of 1.0%. The highest sample at the region encountered 4.34% copper over a width of 10.0 metres.
The larger Uru is a 15-kilometre region of the larger Cesar property held by the company. Max currently believes the zone is analogous to the Central African Copper Belt, where nearly 50% of the copper known to be found in sediment-hosted deposits is found. Widths of mineralization observed at the zone are said to be between 1.0 and 25.0 metres.
“The objective of our maiden drill program is to test the scale and continuity of strong copper mineralization at depth along several drill targets within the URU mining concessions covering 70 km2. The Cesar basin’s last major discovery was the Cerrejón coal mine some 30-years ago, however past exploration has not targeted large copper deposits within this highly mineralized sedimentary basin,” said CEO Brett Matich on the development.
The company is currently preparing for its first drill campaign on the Cesar project, of which the Uru zone is said to be the focal point. In addition to the drill program, the company is currently conducting a 290-km Lidar survey, environmental baseline surveys, and field work to assist in the design of the program.
Max Resource Corp last traded at $0.23 on the TSX Venture.
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