It appears that the demand for copper assets is climbing. This morning, Max Resource Corp (TSXV: MXR) announced that it has entered into a non-exclusive confidentiality agreement with a “global miner” in relation to its Cesar project in Colombia.
The non-exclusive agreement, while having little details surrounding it, suggests that a second party is interested in potentially obtaining the property. The property is currently in the midst of having a technical study completed by Fathom Geophysics, which is being funded by Max as well as an undisclosed third party, whom is said to be a leading global copper producer. That study is focused on mapping stratigraphic features of the property while identifying alteration zones.
The results of that study are expected to be received soon. Meanwhile, the company has re-commenced field activities at the property, with additional assay results from the work program completed earlier this year also due to be received soon. Results from that program were delayed as a result of the ongoing pandemic.
Exploration activities on multiple fronts continue to meet with success as we move closer to demonstrating the significant potential of the CESAR project. Our exploration strategy from the outset was to attract a major partner with the financial and technical capabilities to fully explore and develop CESAR on a district scale. To have major interest at this early stage reflects the technical merit of the CESAR copper-silver project.
Brett Matich, CEO of Max Resource Corp
While awaiting results from numerous ongoing studies at the property, the company continues to build its model for the project based on Kupferschiefer, the largest copper mine in Europe and the worlds leading silver producer. A geochemical and metallurgical program is currently being conducted to leverage the University of Science and Technology in Krakow, Poland’s extensive knowledge of this global deposit to determine the comparisons to Max’s Cesar project.
Max Resource Corp last traded at $0.16 on the TSX Venture.
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