Excellent Conditions for Future Targeted Drilling
The copper explorer Max Resource (TSXV: MAX; OTC Pink: MXROF; FSE: M1D2) has discovered two additional mineralized outcrops along a 15 km long corridor with high-grade, stratiform copper-silver mineralization at the AM-14 target (see Figure 1). Together with these discoveries, the total number of outcrops within AM-14 increases to seven!
The recent discoveries provide further confirmation that multiple horizons of stratiform mineralization are present within the sedimentary sequence in the AM District. The discoveries at AM-14 illustrate the size of potential deposits on the Cesar Copper-Silver Project: The 15-kilometer-long corridor runs parallel to the regional strike of the sedimentary rock and shows peak values of 24.8% copper and 230 g/t silver.
The newly discovered mineralized layers are up to 2.2 m thick and are exposed for several meters along strike before disappearing under the overburden. Systematic channel sampling of the mineralized outcrop has begun. The crews will continue detailed mapping near the discoveries to expand the mineralization footprint.
AM-14 is part of the mining concession in the AM District of the Cesar Copper-Silver Project in northeastern Colombia. The copper-silver bearing outcrops are exposed up to 285 m along strike and are up to 4.0 m thick. There is clear evidence of continuity of the mineralized layers between AM-14 and AM-07, a distance of 1.5 km.
The mineralization in the AM-14 target is found in layers of medium to fine-grained sandstone rich in organic material. The copper-silver bearing horizons are located within a 700-meter thick package of interbedded sedimentary rocks that strike 240° to 260° and dip 30° to 45° to the northwest. Chalcocite, malachite, and azurite are the most common copper minerals observed in the outcrops.
Brett Matich, CEO of Max Resource, commented: “Our exploration successes confirm the significant horizontal extensions of multiple copper-silver horizons. The concentrated exploration in each of these three areas along the 120 km of the CESAR Basin continues to expand the footprint of copper-silver mineralization, strongly supporting Max’s geological model for CESAR as analogous to Kupferschiefer in Poland/Germany and Kamoa-Kakula in the Democratic Republic of Congo.”
Figure 1: The image shows a 15 km long corridor with high-grade copper-silver mineralization at AM.
Meanwhile, more than 10,000 line kilometers of high-resolution magnetic and radiometric airborne survey have been captured. The survey area covers 114,650 square kilometers of prospective geology. Data analysis and structural interpretation are ongoing; results are expected in Q2.
Conclusion: Through cost-effective prospecting, Max Resource is rapidly finding more and more outcrops with visible copper mineralization. The number on the AM mining license has now reached seven. The geologists conclude that the discoveries are most likely part of a (formerly) continuous sedimentary horizon up to 700 meters thick, which hosts the structurally bound, repeating intervals of copper-silver mineralization. The copper-bearing corridor can now be traced over 15 kilometers of strike length, and the dip angle of the sedimentary horizons can be precisely measured. Together, these data provide excellent conditions for future targeted drilling.
