Essential Data for Further Exploration
The large-scale airborne exploration using magnetic-radiometric methods on the Cesar copper-silver project in northeastern Colombia is proving to be extremely effective for Max Resource Corp. (TSX.V: MAX; OTC: MXROF; FRA: M1D2).
Recent measurements over 4,000 line kilometers in the AM district in the north of the 90 km long Cesar belt have identified four new targets. This increases the total number of targets on the AM project to 12. The success of the measurements has prompted Max to expand the airborne survey by an additional 6,000 line kilometers. The new survey is intended to cover all three districts of the Cesar project: AM, Conejo, and URU.
Brett Matich, CEO of Max, commented: “It is clear that the techniques employed by Max will provide essential datasets for our further exploration efforts at Cesar even at this early stage. The information from this survey will enable Max to evaluate its growing land package and identify new target areas for follow-up exploration. Equally important, the data will be used to expand existing targets by better understanding their structural environment. Expanding the survey was a logical decision given its obvious effectiveness in the AM District. The magnetic and radiometric data contain a wealth of information, and we are eager to see what the interpretation of the final, fully processed data will reveal.”
Conclusion: Max Resource’s ambitions go far beyond those of an ordinary copper explorer. Under the watchful eyes of some of the world’s leading copper producers, Max Resource aims to put the Colombian extension of the Andes on the international map of major copper destinations. So far, the company has identified 22 targets along the 90 km long Cesar belt, although only a fraction of the basin has been explored. The 10,000 line kilometers will cover a total area of 1,150 square kilometers across three districts of the Cesar copper-silver project. This should improve the understanding of known mineralization. But the probability of further discoveries is also likely to be high. Max Resource is sufficiently financed. At the end of June 2023, the company had cash reserves of 11.1 million CAD.
