Max Resource Releases Initial Results From AGH Study On Cesar Project

This morning, Max Resource Corp (TSXV: MXR) reported initial results from the currently ongoing study with the University of Science and Technology (AGH) in Krakow, Poland on the Cesar Project. AGH has been conducting a study on the Cesar Project as a result of the similarities with that of the Kupferschiefer project in Eastern Europe, for which the school has spent years studying.

Initial results from petrographic analysis of two samples from AM South at the Cesar project, referred to as samples #612 and #618, have confirmed the presence of native copper, chalcolite, and malachite hosted in siltstone and sandstone. Covellite has also been detected as being present, which has not been detected previously.

The samples were collected from stratabound copper-silver horizons at Cesar, and then shipped to AGH for geochemical and mineralogical studies. The results have confirmed a previous petrographic report obtained from Vancouver Petrographics in January 2020, with the added mineral of covellite, which is a rare copper sulfide mineral.

It is currently anticipated that the near surface copper oxides will transition to richer chalcocite, which is 80% copper by weight and is a sulfide, and covellite, another copper sulfide, at depth. This is significant, as copper sulfides typically are more profitable to mine as a result of having a higher copper content overall. The copper can also be separated from other minerals much more easily than in copper oxides.

Max Resource Corp last traded at $0.085 on the TSX Venture.


FULL DISCLOSURE: Max Resource Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Max Resource Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Why Silver’s Next Move May Be Built on a Much Stronger Base | Mani Alkhafaji – First Majestic Silver

Guanajuato Silver Q1 Earnings: They Finally Post Positive Net Income

We’re in a New Era of Gold Price Discovery | Ryan King – Equinox Gold

Recommended

Mercado Minerals Drills 1,120 g/t Silver Equivalent Over 1.20 Metres At Copalito

Goliath Resources Targets Expansion, Motherlode Source in 50,000 Metre Surebet Drill Program

Related News

How Water Rights Can Help Fund A 100K Ton Copper Project | Christian Easterday – Hot Chili

In this interview, Christian Easterday, Managing Director & CEO of Hot Chili Limited (TSXV: HCH),...

Monday, December 9, 2024, 02:50:00 PM

Canuc Resources: Major New Silver Discovery Potential in Mexico?

Canuc Resources Corporation (TSXV: CDA) is an interesting junior resource company. It is engaged in...

Monday, September 14, 2020, 10:30:00 AM

Will Russia Reduce Its Dependence On The US Dollar? – The Daily Dive

Joining us for the first time today on The Daily Dive is Jim Lewis, cofounder...

Monday, March 7, 2022, 01:30:00 PM

K2 Gold Discovers High-Grade Copper Zone At Mojave

K2 Gold Corporation (TSXV: KTO) reported today its discovery of a significant zone of copper...

Thursday, May 20, 2021, 08:53:55 AM

Is There A Silver Supply Shortage? – The Daily Dive

Today on the Daily Dive, our host Cassandra Leah sits down with David Morgan, a...

Thursday, July 29, 2021, 01:30:00 PM