Essential data sets for continued exploration efforts
Large-scale airborne exploration using magnetic radiometrics at the Cesar copper-silver project in northeastern Colombia is proving highly effective for Max Resource Corp (TSX.V: MAX; OTC: MXROF; FRA: M1D2). Recent surveys over 4,000 line kilometres on the AM district in the north of the 90km Cesar Belt have identified four new targets. This brings the total number of targets on the AM project to 12, and the success of the measurements has prompted Max to extend the airborne reconnaissance by a further 6,000 line kilometres. The new survey will cover all three districts of the Cesar project: AM, Conejo and URU.
Brett Matich, CEO of Max commented, “It is clear that the techniques employed by Max at this early stage will provide essential data sets for our continued exploration efforts at Cesar. The information from this survey will allow Max to evaluate its growing land package and identify new target areas for follow-up exploration. Equally important, the data will be used to expand existing targets through a better understanding of their structural environment. Expanding the survey was a logical decision given its obvious effectiveness in the AM District. The magnetic and radiometric data contain a wealth of information and we are excited to see what the interpretation of the final, fully processed data will reveal.”
Figure 2: The data obtained contributes to the understanding of the geological structures (faults) through which mineralised fluids penetrate the permeable sedimentary rock and precipitate the copper-silver minerals.
Conclusion: Max Resource's ambitions go far beyond those of an ordinary copper explorer. Under the watchful eye of some of the world's leading copper producers, Max Resource aims to put the Colombian foothills of the Andes on the international map of major copper destinations. So far, the company has identified 22 targets along the 90km-long Cesar Belt, though only a fraction of the basin has been explored. The 10,000 line kilometres will cover a total area of 1,150 square kilometres across three districts of the Cesar copper-silver project. This should improve the understanding of the known mineralisation. But it should also increase the likelihood of further discoveries. Max Resource is adequately funded. At the end of June 2023, the company had cash reserves of CAD 11.1 million.
Disclaimer: The contents of www.goldinvest.de and all other used information platforms of the GOLDINVEST Consulting GmbH serve exclusively the information of the readers and do not represent any kind of call to action. Neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they do not replace in any way an individual expert investment advice, but rather represent promotional / journalistic texts. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. The acquisition of securities involves high risks, which can lead to a total loss of the invested capital. The GOLDINVEST Consulting GmbH and its authors exclude any liability for financial losses or the contentwise warranty for topicality, correctness, adequacy and completeness of the articles offered here expressly. Please also note our terms of use.
According to §34 WpHG we would like to point out that partners, authors and/or employees of GOLDINVEST Consulting GmbH may hold or hold shares of Max Resource and therefore a conflict of interest may exist. Furthermore, we cannot exclude that other stock exchange letters, media or research companies discuss the values discussed by us in the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between GOLDINVEST Consulting GmbH and Max Resource, which means that there is also a conflict of interest, especially since Max Resource has commissioned GOLDINVEST Consulting GmbH to report on the company.
