Max Resource Releases Further Assays, New Discovery At Cesar Property
Max Resource Corp (TSXV: MXR) this morning has released further results for its Cesar project in northeast Colombia. Rock chip assays conducted at the AM South location of the project have returned results of 3.5% copper and 25 grams per tonne over a 10m by 2m panel, which came from sample 303.
Mineralization of the rock chip panel included malachite, azurite, and chalcocite which was hosted in siltstone. In addition to the rock chip sample results, Max Resource has announced that it has extended the AM-1 copper and silver stratabound horizon to 2,400 metres of strike. The new 1,000 metre extension is to the west of the current AM-1 discovery and is being confirmed by infill sampling with the zone remaining open to strike and dip.
Lastly, the company has announced a new discovery at AM South, named AM-2, that extends for 1,000 metres. The zone is also open to strike and dip, with current assay results still pending. The copper zone lies parallel to AM-1 and is located 500m south, which strongly suggests stacked horizons.
On-going exploration continues to build confidence in CESAR as a significant discovery of regional scale. The Company is working towards a 3D model to assess the potential size of the CESAR copper-silver project.
Brett Matich, CEO Max Resource
Further exploration results are currently pending for AM North, which is located forty kilometers north north east of the AM South project along trend.
Max Resource Corp last traded at $0.065 on the TSX Venture.
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