Exceptional Assay Results
Max Resource Corp. (TSX.V: MAX; OTC: MXROF; FRA: M1D2) has discovered new highest priority drill targets during its ongoing exploration of the AM District on the Cesar Copper-Silver Project in northeastern Colombia. High-grade results from continuous rock chip channel samples at the recently discovered AM-08 target yielded outcrops of 2.6% copper and 58 g/t silver over 15.0 m, including 3.5% copper + 77 g/t silver over 10.0 m and 8.1% copper + 172 g/t silver over 1.0 m. Additionally, continuous chip channel samples across mineralized outcrops at several locations west of the primary occurrence returned values of 2.5% copper + 48 g/t silver over 2.0 m; 1.8% copper + 18 g/t silver over 1.8 m and 1.1% copper + 16 g/t silver over 5.3 m.
The AM-08 target is characterized by the presence of two types of copper-silver mineralization: structurally controlled and stratiform, sediment-hosted. The stratiform mineralization at AM-08 has been mapped along a strike of 400 meters. The primary copper mineral is chalcocite, occurring in several veins up to 3 cm thick.
Brett Matich, CEO of Max commented: “The assay results from four outcrops at AM-08 are exceptional and make this target a highest priority for Max. The high-grade results along with the combination of structural and stratiform mineralization offer the potential for significant deposits. Field teams will now focus on expanding the stratiform mineralization along strike in the AM District and identifying other locations where stratiform and structural mineralization intersect to form wider zones.”
Conclusion: Max Resource has now identified a total of 27 targets in three districts (AM, Conejo, Uru) along the 90 km long belt of Cesar in northeastern Colombia. One must always keep in mind these enormous dimensions of the Max Resource project to properly classify the new results in the AM District. Now it’s about identifying the targets with the greatest potential. The AM District in the far north of the Jurassic basin is also many square kilometers in size. Peak values of 34.4% copper and 305 g/t silver have been documented in the sedimentary red bed sequences. Max has already shown with two exploratory drillings earlier this year that the stratiform mineralization continues at depth. The recent discoveries at AM once again demonstrate the enormous potential for high-grade copper occurrences that could begin right at the surface and continue at depth.
