Expansion of its flagship property continues to happen for Max Resource Corp (TSXV: MAX). The company this morning highlighted that it has been awarded a total of eleven additional concessions for its Cesar copper-silver project, found in Colombia.
The additional concessions are found along the firms 20 kilometre long URU zone, in the southern portion of the Cesar North region. The zone itself now covers a total of 99 square kilometres, while the larger property as a whole now covers roughly 212 square kilometres.
“The 212-km² of Mining Concession Contracts are wholly-owned and provide secure tenure for development of Max’s CESAR project for the years ahead. This achievement will add additional targets for Max’s first drill program at URU, the most significant event in the Cesar basin since the discovery of Cerrejón, the largest coal mine in South America and the basis for much of the critical infrastructure in the Cesar basin,” commented CEO Brett Matich.
The company also indicated that its environmental survey has been approved by the National Mining Agency of Colombia, with drilling set to begin in the coming weeks.
Max Resource Corp last traded at $0.40 on the TSX Venture.
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