Max Resource Corp. CEO Brett Matich talks URU Discovery (TSXV:MAX) (OTC: MXROF) (FSE:M1D2)
Max Resource Corp. CEO Brett Matich talks URU Discovery (TSXV:MAX) (OTC: MXROF) (FSE:M1D2) – RICH TV LIVE – June 28, 2022 – #maxresouyrcecorp #urudiscovery #richtvlive #business #news #finance #columbia #copper #silver #max #mxrof
MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) (“Max” or the “Company”) is pleased to report it has been awarded eleven additional Mining Concession Contracts (“Concessions”) for the 20-kilometre-long URU zone, located along the southern portion of the CESAR North 90-kilometre-long copper-silver belt, within its wholly-owned CESAR project, Northeastern Colombia.
The Concessions at URU now cover 99-km² and Max’s CESAR project Concessions now collectively total an aggregate of over 212-km².
Each Concession has an initial term of 30-years and extension for a further 30-years for a total duration of 60-years.
“The 212-km² of Mining Concession Contracts are wholly-owned and provide secure tenure for development of Max’s CESAR project for the years ahead. This achievement will add additional targets for Max’s first drill program at URU, the most significant event in the Cesar basin since the discovery of Cerrejón, the largest coal mine in South America and the basis for much of the critical infrastructure in the Cesar basin,” commented Max CEO, Brett Matich.
(“Max” or the “Company”) is pleased to report a newly discovered +15m thick copper-silver outcrop, located 750m east and on trend of the URU Discovery. The URU Discovery forms part of the 20-kilometre-long URU zone, which lies along the southern portion of the Company’s wholly owned Cesar copper-silver project in northeastern Colombia
The URU Discovery now extends NNE over 290m and 750m East, with a combined vertical elevation of 322m. At the URU Discovery, chip channel sampling returned the following assays: at the base level in the valley bottom assays returned 7.0m @ 8.5% copper + 143 g/t silver (true thickness); 6.0m higher in elevation assays returned 16.8m @ 8.3% copper + 146 g/t silver (true thickness); and 190m above the valley bottom and 290m NNE from the base level assays returned 48.0m at 5.3% copper + 44 g/t silver (along a ridge). The newly discovered mineralized outcrop located 750m east from the URU Discovery is +15m thick where assays are pending (refer to Figure 2 and Drone Video).
In addition, Max has commenced a ground Induced Polarisation and magnetic survey over the URU Discovery zone. This survey will form part of drill planning and targeting of high-grade copper-silver mineralization (refer to Figure 5).
“The objective of the field work and the geophysical survey is to expand the URU Discovery footprint and prepare for drilling, which will be conducted by Kluane Drilling of Colombia, as we have now finalized the contract,” commented Max CEO, Brett Matich.
“Max is cashed up with over $21 million in the treasury and $8 million in-the-money warrants and stock options. Ongoing regional exploration continues along the Cesar 90-kilometre copper silver belt,” he concluded.
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