For a change: Max Resource (WKN A2PT41 / TSXV MAX) is not providing news about its Colombian copper and silver projects today, but rather news from the RT Gold project in Peru. A technical report has been completed for this project, which, according to the company, has positive implications.
The report, prepared in accordance with Canadian NI 43-101 guidelines, confirms, in Max Resource’s view, the true potential of the two distinct gold-bearing systems identified there. These include the CERRO porphyry zone with large tonnages and – 3 kilometers to the northwest – the TABLON zone, which shows massive sulfides, as explained by Max CEO Brett Matich.
New or re-analyzed samples from drill cores from TABLON would further emphasize the exceptional, near-surface, high-grade gold contents, with copper, silver, and zinc also detected, he further stated. Max now plans to conduct an environmental study next to expand the TABLON zone with a further drilling program. The outstanding intrusion target at CERRO, which has never been tested with drills, is also to be investigated now.
RT Gold is located along the Cajamarca metallogenic belt, which extends from central Peru to southern Ecuador. This productive belt hosts a number of world-class deposits; in Ecuador, the Fruta Del Norte discovery with 15.49 million ounces of gold, Mirador with 2.67 million tons of copper and 2.74 million ounces of gold (2008), and Solaris Resources’ new discovery at the Warintza deposit with 2.7 million tons of copper and 0.93 million ounces of gold. On the Peruvian side lies Newmont’s Yanacocha with 8.61 million ounces of gold.
At CERRO, Max has identified, among other things, a 2 by 1.5 kilometer gold anomaly using geochemical surveys, which remains open in all directions. Gold grades between 0.1 and 4.0 g/t were detected. Additionally, the geochemical soil samples coincide with IP chargeability. A continuous trench sample yielded 3.3 g/t gold over a thickness of 25.5 meters.
At TABLON, Golden Alliance Resources had already conducted drilling in 2001. In 2021, Max Resource was able to acquire the historical drill cores and perform re-sampling. This confirmed the thickness of the historical drill intersections and also fairly well the grades reported in the past. Furthermore, the gold-bearing mineralization is associated with highly anomalous silver and copper grades.
