RSS SubscribeVideo – MAX-AM13 Under the Spotlight
2024.08.22
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Thank you for keeping information coming on MAX Resources. I think they are tremendously undervalued but I do wish they would have received a little more money up front from Freeport as I detest the idea that they might have to raise more money at .10 cents or less.
Max won’t be raising money for Sierra Azul, Freeport Exploration is footing the bill for that project. And what a discovery Max/Freeport have made already!
Rick
Cedro Valley – The mineralization at AM-13 is hosted in an andesitic tuff (a type of volcanic rock).
Native copper and chalcocite are the primary copper-bearing minerals observed in the outcrops. These minerals indicate the depositional environment was sulfur-poor, leading to the precipitation of these high-grade copper minerals.
In these manto systems the lack of sulphur. the higher %age copper ore chalcocite and native copper being present means you are close to the heat source for the system.
The further you move away from the heat source, its reversed, the more sulphur, other lower grade ores and muxh less or no native copper.
Extremely important piece of news.
Mapurito Valley – Exploration teams prospecting the Mapurito Valley, 1.2 km to the north, also discovered a 44.0m wide outcrop of andesitic tuff with similar mineralization.
This suggests AM-13 has significant size potential. Rock channel sampling of the Mapurito Valley outcrop is underway. Assays are pending.