Max Resource Corp (TSXV: MXR) continues to develop out its Cesar project in northern Colombia. The firm this morning released further assay results from channel samples, with the results expanding the URU zone to over 48 square kilometres in total.
The URU zone has seen a significant expansion following the results, with the 12 square kilometre zone now increasing four-fold to over 48 square kilometres. The zone itself is said to remain open along strike and down dip, with the zone seeing strike extend a total of 12 kilometres while extending down-dip over 4 kilometres.
Highlights from the recent assay results include:
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- 14.8% copper and 132 g/t silver over 1.5m x 0.8m panel
- 6.5% copper and 6 g/t silver over a 1.5m chip channel
- 5.6% copper and 87 g/t silver over 1.0m by 1.0m panel
- 4.0% copper and 42 g/t silver over 1.0m by 1.0m panel
“The URU 48-km2 zone remains open in all directions and potentially represents a zone of major proportions when
compared to the world class Kupferschiefer and the Central African Belt deposits,” stated Brett Matich on the results, CEO of Max Resource Corp.
Exploration is said to be ongoing at four other zones on the property, namely the Conejo, SP, AMN, and AMS zones. The company has also indicated that it has began the process of drill permitting for the property as it continues to develop the Cesar copper-silver project.
Max Resource Corp last traded at $0.16 on the TSX Venture.
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