Max Resource's first discovery URU-Central (URU-C) returned a width of 9.0 metres at 7.0% copper and 115 g/t silver and 16.8 metres at 8.3% copper and 146 g/t silver in the lower levels of the prospect. The upper level (+190 meters vertically above) is >290 meters along strike and returned 4.9% copper and 41 g/t silver along a 52 meter ridge line. However, the true thickness of the mineralization has yet to be determined.
The second discovery, URU-CE, is located 750 meters east of URU-C and consists of outcrops of considerable size with visible copper mineralization that is >15 meters wide and strikes >250 meters to the south-southwest and is open in all directions.
The IP chargeability now shown with the new survey is consistent with both URU-Central discoveries and extends at least 200 meters below surface! Thus, the initial results show, more specifically, that the primary chalcocite mineralization extends from the surface and has a clearly defined chargeability contrast to the known unmineralized wall rocks. The IP results also indicate that the defined surface mineralization at both URU-C and URU-CE continues both along strike and at least 200 meters vertically to depth.
Now Max Resource will integrate the IP data into a detailed, 3D geological and structural model of the mineralization, which will then be used for the upcoming, initial drill program on the license area. Max CEO Brett Matich said the company plans to mobilize a diamond core drill rig to the project as early as late next month.
In parallel, Matich added, the company will advance its regional exploration programs along the 90-kilometer CESAR copper and silver belt. Since Max Resource still has about $20 million in its war chest, according to the CEO, it is definitely well equipped financially for these exciting tasks.
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