Max Resource Corp (TSXV: MAX) has identified the first IP targets for its planned drill program that is set to begin next month. The targets come via a recently completed ground induced polarization survey conducted at the Cesar copper-silver property in Colombia.
Data from the the IP survey is said to correlate with two copper-silver discoveries made at URU, with the survey indicating mineralization may extend as much as 200 metres below surface. Three dimensional models are currently being completed ahead of the drill program.
“The initial IP survey has achieved the objectives of defining the vertical dimensions of the primary chalcocite-bearing mineralized body at the two URU-Central discoveries. Max is preparing drill sites and planning to mobilize the diamond core drill rig late next month, initiating the first ever drilling program targeting copper-silver mineralization on its URU mining concessions,” said CEO Brett Matich.
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The first identified target, referred to as URU-C, has previously returned chip channel samples that assayed 9.0 metres of 7.0% copper and 115 g/t silver, as well a 16.8 metres of 8.3% copper and 146 g/t silver in the lower levels of the discovery, while upper levels have returned as much as 4.9% copper and 41 g/t silver. The latter result was said to be along a 52 metre long ridgeline.
The other target, URU-CE, is found 750 metres away from the first target to the east, and has visible copper mineralization that is said to be at least 15 metres wide, and extends for over 250 metres of strike while remaining open in all directions.
Max Resource Corp last traded at $0.38 on the TSX Venture.
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