Max Resource Corp (TSXV: MXR) this morning announced assay results for its Cesar project, located 420 km north of Bogota, Colombia. The results are for that of AMN-2, a part of its AM North section of the Cesar project. Assays, conducted via a 4 meter by 1 meter rock chip panel, returned results of 24.8% copper and 230 g/t of silver.
The strong assay results follow last weeks announcement for AMN-1, which is 1.8 km easterly of the current assay location. Those results, which produced assays of 10.4% copper and 88 g/t of silver were also promising for the Cesar copper and silver project. Further, AM North as a whole appears to follow the same mineralization trend of that of AM South, which is 40 km to the south of the current discovery. Both discoveries are currently open-ended.
“We were pleasantly surprised that the AM North discovery was made in just a one-day field reconnaissance. Given the early stage success at both, AM North and AM South, we are confident in further exploration successes in 2020. While the spectacular results reported today are noteworthy, we are working on the premise of an average target grade of plus 1.5% copper with associated silver. Our exploration success continues to support our belief that CESAR is a large-scale copper + silver mineralized system. Our field teams continue to expand the known mineralization.” – Brett Matich, CEO of Max Resource Corp
The wholly-owned Cesar project by Max Resource is located within Jurassic sediments volcaniclastics that extend along the length of Northern South America and contains significant copper and silver mineralizations. The mineralization zones at Cesar currently appear to resemble a large sub-horizontal sheet that has the edges partly exposed at the surface.
This exposure enables Max Resource to easily conduct rock chip samples on the extensive surface to identify the potential structure of the mineralization, as well as confirm continuity and establish thickness of the deposit prior to drilling.
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Max Resource Corp last traded at $0.08 on the TSX Venture.
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