{kanada_flagge}We have been following Max Resources Ltd. (TSXV: MXR; FRA: M1D2) since the spring of 2021, which is conducting large-scale, early-stage regional exploration in northwestern Colombia. Max Resources suspects sediment-bound copper deposits there that correspond to the European copper shales – except that the deposits do not lie hundreds of meters deep, but start directly at the surface.
At the latest since the announcement of extremely high-grade channel samples, we have become alert. In the meantime, the Max geologists no longer shy away from comparisons with the copper dross in Central Africa. They suspect that the Cesar Basin contains deposit types comparable to sedimentary deposits in the Congo. That sounds like strong stuff, considering that not a single hole has been drilled – on the one hand.
On the other hand, the company has been awarded its first mining concession on Uru, covering an area of 70 km². Channel samples at Uru returned maximum values of 14.8% copper and 132 g/t silver. Lidar measurement on over 290 km² to follow. Meanwhile, 5 significant drill targets have been identified over a strike length of 15 kilometers with widths ranging from 10-25 meters and 500 meters vertical extent.
The second discovery, Conejo, is located north of Uru. There, channel samples returned maximum values: 12.5% copper and 84 g/t silver. The known strike length of structurally-bound copper mineralization is 3.7 km with average grades of 4.9% copper (cut-off value of 2% Cu). Preparations for drill holes early next year are also underway there.
Max Resources is a first mover for copper exploration in the Cesar Basin. In a comparatively short time, the company has zoomed in from regional exploration to individual focus projects. The high copper grades speak for themselves, considering that the deposits are structurally bound and therefore relatively easy to trace from surface. As the geologists at Uru can already estimate the vertical and lateral extent of the deposits, the drill holes almost have the character of confirmation drilling. With appropriate drill results, 2022 could be a big year for Max Resources. We recommend the company presentation by Chris Grainger: https://www.youtube.com/watch?v=degYQMe2SnE&t=2s
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