The study of historic drill core appears to be paying off for Max Resource Corp (TSXV: MXR), with the company this morning announcing that through XRF analysis it has discovered copper mineralization within the cores. The company has reportedly discovered that copper mineralization extends to depths of 400 metres within the historic cores.
While historic in nature, the finding suggests that the copper discovered at surface at the firms CESAR copper-silver project in northern Colombia potentially extends down-dip for many kilometres. The analysis as a result is said to confirm the project as being a regional stratabound copper-silver system, similar in nature to the Kupferschiefer deposit in Poland.
The structural study of the historic cores is being conducted with the Ingeniería Geológica Universidad Nacional de Colombia, with the duo analyzing historic drill cores from oil and gas drilling nearby with an XRF unit. This drill core analysis is expected to continue to further advance the structural model being developed for the property. The data will then be used to expand the ongoing exploration program at the property.
“Over the past year, Max has demonstrated the regional scale and lateral continuity of the CESAR stratabound copper-silver mineralization, already traced for over 200-kilometres along strike and now encountered in historical drill core extending down dip to depths in excess of 400-metres. Max’s copper exploration exposure strengthens as copper prices climb above US $8,100 per ton, surpassing a near 8-year high reached in December.”
Brett Matich, CEO of Max Resources
Max Resources last traded at $0.37 on the TSX Venture.
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