Key Personnel from Successful Projects Back on Board
Max Resource Corp. (TSX.V: MAX; OTC: MXROF; Frankfurt: M1D2) has secured three key executives for its newly acquired Mora Gold-Silver Project in Colombia’s Marmato District, who previously played a crucial role in the success stories of Continental Gold and Collective Mining. With the appointment of Sergio Cocunubo as Head Geologist, an experienced professional returns to the district, having previously worked on Collective Mining’s neighboring Guayabales project. He will be supported by Dr. Chris Grainger as Technical Advisor and John Henao, who will manage Community Relations and Logistics.
The trio is credited with being instrumental in the development of the Buriticá deposit, which was sold to Zijin Mining for US$1.4 billion in 2020.
Company Statements
“We are delighted to have these three strategic individuals on our team. Their experience in developing Colombia’s most active and valuable precious metals region speaks to the potential of the Mora project,” explains Max CEO Brett Matich.
Sergio Cocunubo is also optimistic: “The Mora project is located in the heart of the Marmato District and has seen little systematic exploration to date. Numerous mineralized polymetallic structures and historical underground mines confirm its enormous potential.”
Geology and Proximity
The property is immediately adjacent to Aris Mining (TSX: ARIS, NYSE: AIMN) and Collective Mining (TSX: CNL, NYSE: CNL). The proximity to Aris’ 9.2 million ounce Marmato Mine and Collective Mining’s Apollo Porphyry System, in particular, highlights the strategic value of the concession. Previous samples from 2012 yielded peak grades of up to 45 g/t gold and 7,110 g/t silver over one meter – values that underscore the interest in systematic exploration.
An initial site visit in April 2025 confirmed over 40 historical adits and five active small-scale mines, which extend along polymetallic structures over a strike length of 2.5 kilometers.
Figure 1: The Mora Gold-Silver Project is located directly next to Collective Mining and ARIS Mining.
Historical Work and 2025 Exploration
Previous activities on the project were limited to artisanal mining and a few samples. As early as 2012, a report for Crown Gold Corp. confirmed that the geological structures of Marmato extend directly into the Mora area. With the exploration program launched in 2025, Max now aims to systematically collect data: Initially, geophysical surveys and channel samples will be collected, before gravity surveys and drill targets are defined in the next step.
Acquisition Terms
The Mora concession (KK6-08031) is being secured through Max’s subsidiary in Colombia. The company has an exclusive option for up to 100 percent of the shares in Inversiones Villamora S.A.S. – for staggered payments that can total up to US$8.35 million. Additionally, a 3% Net Smelter Royalty on future production is planned.
Conclusion
By securing a well-established team from the successful Buriticá and Guayabales projects, Max Resource is strategically positioning itself strongly in the Marmato District. The Mora project is situated between two major neighbors and exhibits geological parallels to world-class deposits in the region. Previous high-grade samples and the current confirmation of polymetallic structures give rise to the hope that Mora could become Colombia’s next significant precious metals project in the coming years. Following the announcement of the Mora project, the market reacted strongly. Max Resource’s share price has tripled in the last four weeks – from approximately CAD 0.04 to CAD 0.12 at yesterday’s market close.
