Highlight Grab Values of 11.4% Copper And 656 g/t Silver
Max Resource Corp.(OTC Pink: MXROF) (FSE: M1D2) has made a number of exciting copper and silver finds in its new Colombian exploration holdings.
The company recently expanded the CESAR project with the acquisition of the “CESAR South” copper-silver property covering an area of 340 square kilometres.
CESAR South is located in the south-eastern part of the CESAR copper-silver basin, 200-km along trend from the company’s wholly-owned CESAR copper-silver project in north eastern Colombia.
Max reconnaissance grab rock sampling along 15 km of strike at CESAR South has identified multiple stratabound copper-silver occurrences very similar to the AM North and AM South zones.
Copper values ranged from 0.3% to 11.4%, with a highlight value of 11.4% copper + 656 g/t (21 oz/ton) silver. Max cautions investors that rock grab sampling can be selective and not necessarily indicative of the mineralisation at CESAR South.
The newly identified copper-silver mineralisation at CESAR South is considered most significant because it confirms the presence of significant stratabound copper-silver mineralisation at both the southern and northern margins of the sedimentary basin, a distance of over 200-km, suggesting the mineralization may be continuous through the entire basin.
Follow-up field activities by the Max in-country team at CESAR South will include systematic chip channel sampling. The exploration priorities at the CESAR project are; regional surface geochemical sampling, structural mapping, seismic data interpretation, logging and XRF analysis of the historic drill core and RC chips.
CEO, Brett Matich, said the company believes that the stratabound copper-silver mineralisation at CESAR is analogous to the Kupferschiefer deposits, Europe’s largest copper source, with production in 2018 of 3MT grading 1.49% copper and 48.6 g/t silver from a mineralized zone of 0.5 to 5.5-metre thickness.
“The CESAR South acquisition is a key step in our CESAR district land expansion strategy,” Mr Matich said.
“While visible copper over 15-km of reconnaissance exploration is significant on its own merits, the discovery of similar copper-silver mineralisation 200-km apart in the same sedimentary basin is the most important takeaway, as it suggests these copper-silver horizons may underlie the entire basin.
“For a perspective, the Kupferschiefer KGHM deposits are spread over approximately 20-km by 15-km.”
