This morning, Max Resource Corp (TSXV: MXR) announced the first set of assays from its freshly discovered AM-2 horizon within the AM South Zone at its flagship Cesar project north of Bogota, Colombia. Highlights of the assays, collected via grab samples, include 5.6% copper and 70 grams per tonne silver from a 13 metre by 1 metre panel.
The new assays effectively extend what is referred to as “Kupferschiefer type” mineralization of the zone to over 1100 metres along strike. The field team is now mapping, sampling, and confirming mineralization within the AM South Zone, which is approximately 4 kilometres by 3 kilometres in size currently. Cumulatively, the strike length of the open ended zone is now in excess of 5.8 kilometres. The new zone in particular remains open along strike and down dip, with AM-2 currently believed to be equivalent to that of AM-1.
Several assay results were released from the AM-2 horizon this morning, which includes outcrop panel and composite grab assays as follows:
- 5.8% copper + 80 g/t silver over 7-metres by 1-metre (panel);
- 5.6% copper + 70 g/t silver over 13-metres by 1-metre (panel);
- 4.3% copper + 57 g/t silver over 3-metres by 3-metre (panel);
- 3.6% copper + 48 g/t silver over 7-metres by 1-metre (panel);
- 3.4% copper + 20 g/t silver over 2-metres (composite grab);
- 2.3% + 20 g/t silver over 2-metres; (composite grab);
- 2.1% copper + 8 g/t silver over 2-metres;
- 1.7% copper + 13 g/t silver over 5-metres (composite grab);
- 1.7% and 13 g/t silver over 2-metres (composite grab);
- 1.6% copper + 26 g/t silver over 2-metres (composite grab);
- 1.2% copper + 10 g/t silver over 2-metres (composite grab);
With the strike length of the AM South horizons now being over 5.8 kilometres in length, Max states that the data suggests that the “horizons could be of significant size.” Further, Max Resource CEO Brett Matich commented on the matter, stating that they “feel more confident the Company is on the verge of a significant mineral discover at CESAR.”
Further, the company is currently awaiting results from assays conducted on the 11 kilometre long AM North Zone, which is located 40 kilometres north of AM South along trend, along with the initial results from a study conducted by strategic research partner Fathom Geophysics.
Max Resource Corp last traded at $0.14 on the TSX Venture.
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