Figure 1: Diamond drill core showing visible copper minerals chalcocite and malachite.
Figure 2: Location of the Uru district in northeastern Colombia and exact location of drilling at Uru-Central (in white box).
Max Resource announced today that the drill rig will now be moved to the URU-Central-East zone, located 750m east of URU-Central. Diamond drilling is expected to continue until mid-December 2022.
Brett Matich, CEO of Max Resource, explained, "Max's primary focus for this initial drill program is to identify structurally controlled URU-Central and URU-Central-East copper-silver mineralization at depth."
Figure 3: Exact location, length and orientation of drilling completed to date at Uru-Central and planned drilling at Uru-Central-East.
The CESAR copper-silver project is located along the 200-kilometer-long, copper-silver-rich Cesar Basin in northeastern Colombia. This region owes its good infrastructure to the oil and gas industry - as well as other mining activities, including South America's largest coal mine, Cerrejón, owned by global mining company Glencore.
Summary: Max Resource is currently the only copper junior operating in Colombia. The company has targeted a portfolio of twenty-one mining concessions along the Cesar Basin in the northeast of the country, covering a total area of 188 km². The initial drilling on the 20 km long Uru project is therefore only a very first start. The objective is to understand the structure of the high-grade copper mineralization that is outcropping at surface. Max Resource's unique position in Colombia gives it a strategic importance for the country that should not be underestimated. This is probably one of the reasons why Max Resource has been granted further licenses under the new government. Max works on the basis of the hypothesis that the copper deposits on Uru could form a geological counterpart to the rich sedimentary African copper deposits in Zambia, for example. If this hypothesis can be proven, it could not only be a Company Maker Event for Max, but even a Country Maker Event for Colombia in terms of copper. We therefore consider Max to be one of the most exciting and bold copper exploration stories currently on the market.
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.