Max Resource Corp (TSXV: MXR) this morning revealed results of a structural interpretation at its Cesar Project, located north of Bogota, Colombia. The company has identified a newly discovered zone in the region of AM North, with the new zone referred to as the “Herradura Zone.”
The structure itself within the zone consists of Kupferschiefer type stratabound copper-silver mineralization, with structural interpretation identifying the zone striking at 265 degrees. Mineralization dips to the north north west at 15 to 21 degrees, and is exposed down dip in what is referred to as “erosional windows” along several creeks in the region.
The interpretation indicates that the copper-silver mineralized zone is open along strike and down dip, with previous reported values consisting of 24.8% copper and 230 g/t silver from a 4 metre by 1 metre rock chip panel. Further exploratory work conducted within the zone includes two bulk samples, which showed values of 10.4% copper and 88 g/t silver, as well as 3.5% copper and 29 g/t silver.
Structural analysis conducted on the property was performed by that of Ingeniería Geológica Universidad Nacional de Colombia, along with a field team from Max Resource. The structural case study is part of a master thesis being conducted on the region. The field team intends to focus on expanding AM North’s Herradura Zone, which will be done through additional rock channel sampling via exposed mineralized horizons in creeks and hillsides. Further assays are currently pending for both AM North and AM South.
Max Resource Corp last traded at $0.095 on the TSX Venture.
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