January 24, 2023
Vancouver B.C., January 24, 2023 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MAX; OTC: MXROF; Frankfurt: M1D2) is pleased to provide assays and analysis for its initial drilling program at the CESAR Project. Within the 20-km-long, 2-km wide copper silver bearing URU District, only two targets (URU-C and URU-CE) were drill tested (refer to Figure 1).
- Drilling the URU-C and URU-CE targets, located 0.75-km apart, confirmed the continuation of copper silver mineralization at depth (refer to Figure 2).
- At URU-C, a 9.0m of 7.0% Cu + 115 g/t Ag discovery was confirmed at depth by hole URU-12, which intersected 10.6m of 3.4% Cu and 48 g/t Ag, including a 2.4m section of no core recovery calculated as nil grade, as the drill pierced a high-grade underground adit. This hole also included 0.8m of 18.5% Cu + 292 g/t Ag. Further drilling is planned to confirm continuation of high-grade mineralization down dip.
- At URU-CE the 19.0m of 1.3% Cu discovery was confirmed by hole URU-9, which intersected a broad zone of copper oxide returning 33.0m of 0.3% Cu from 4.0m, including 16.5m of 0.5% Cu. The broad associated alteration zone implies the potential for a bulk tonnage system. Planned drilling will also target surface higher-grade zones, discovered by rock channel sampling along strike 235m to the south.