RSS SubscribeApril 6, 2022
Vancouver B.C., April 6, 2022 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MAX; OTC: MXROF; Frankfurt: M1D2) is pleased to report preliminary assay results and the discovery of a new high-grade drill target at URU, which lies along the southern portion of the Company’s wholly owned Cesar copper-silver project in northeastern Colombia (refer Figure 1).
The reconnaissance, rock channel sampling, targeted three levels of a singular, subvertical mineralized structure.
True widths of the lower two levels are between 7.0m @ 8.5% copper + 143 g/t silver (open-ended) and 16.8m @ 8.3% copper + 146 g/t silver (open-ended) (refer to Figures 2,3,4), and true widths are yet to be determined on the upper level. The 16.8m channel includes 8.4m @ 11.4% copper + 202g/t silver (6.5oz/t silver)
The upper level, due to limited outcrop on a ridgeline, allowed a total of twenty-four chip channel samples collected over 48m returning an average value of 5.3% copper + 44 g/t silver. The true widths of the mineralized zone was not immediately identifiable given the topography. This outcrop is visibly more weathered than the lower levels (refer to Figure 5).
Importantly, this indicates the mineralized structure shows +190m of vertical extent with high-grade copper-silver mineralization and is open both below the lowest levels and vertically above and along strike from the uppermost levels.
This is significant as the samples were taken in an area of rapid eroding topography and therefore the vast majority of the samples were primary chalcocite (80% copper by weight, refer Figure 6). Notably the silver grades were much higher in these fresh samples, where chalcocite was only partly oxidized to malachite.