Max Resource Corp (TSXV: MXR) has expanded its landholdings near-to its flagship CESAR copper-silver asset in northern Colombia. The company this morning announced the acquisition of CESAR West, which encompasses 2,000 square kilometres of prospective area for copper-silver mineralization, with the property consisting of 140 kilometers of continuous landholdings.
The acquisition of the new property effectively increases the firms landholdings in the area by 300%. The property is along the central-western portion of the Cesar copper-silver basin, and further supports the regional scale potential of the Cesar project.
The property was reportedly discovered through structural mapping of the region, including drill core review and interpretation of available seismic sections. The company has now commenced the process of sampling and mapping the new property, in search of Jurassic host rock and copper-silver mineralization.
Financial details of the acquisition were not released by the company. The firm is currently operating under the belief that the stratabound system under all of the Cesar basin is analogous to the Kupferschiefer Basin found in Poland, which is Europe’s largest source of copper and silver.
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Max Resource Corp last traded at $0.32 on the TSX Venture.
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