Max Resource Corp.’s (TSXV: MXR) geological field crews have identified a second Uru drill target area, located two-km south of the previously announced target area.
Uru sits along the southern portion of the company’s Cesar copper-silver project in north-eastern Colombia.
The new drill target lies at the southern end of the 15-kilometre-long Uru zone, where systematic sampling has identified strong copper mineralisation within a sub-basin structural regime.
Of the 45 channel and composite samples released today, 38 of 45 were sampled over intervals of 10.0 to 25.0-metres, all returned copper values over 1.0%, spread over a significant area of 4 km2. Highlight values of 4.34% copper and 37 g/t silver were encountered.
Highlights
- 4.34% copper over widths of 10.0-metres
- 3.93% copper over widths of 10.0-metres
- 3.72% copper over widths of 5.0-metres
- 3.10% copper over widths of 3.0-metres
- 3.01% copper over widths if 10-metres
- 2.98% copper over widths of 10-metres
- 2.98% copper over widths of 10-metres
- 2.92% copper over widths of 10-metres
- 2.71 copper over widths of 25.0-metres
“The objective of our maiden drill programme is to test the scale and continuity of strong copper mineralisation at depth along several drill targets within the URU mining concessions covering 70 sq. km,” CEO, Brett Matich, said.
“The Cesar basin’s last major discovery was the Cerrejón coal mine some 30-years ago, however past exploration has not targeted large copper deposits within this highly mineralised sedimentary basin.
“Cerrejón, operated by Glencore, is located 70-km northeast of Uru, and is the largest coal mine in South America and the reason for much of the critical mining infrastructure.”
Geologically, Max interprets the Uru sediment-hosted copper-silver mineralisation analogous to the Central African Copper Belt (CACB). Almost 50% of the copper known to exist in sediment-hosted deposits is contained within the CACB, including Ivanhoe Mines Ltd 95-billion-pound Kamoa-Kakula discovery in the Democratic Republic of the Congo.
The Uru zone lies along a major structural corridor that connects the upper sediment-dominated part of the Cesar basin to the lower volcano-sedimentary portions. These mineralized structures consist of faults and breccias that lie just below the sedimentary basin within a metavolcanic unit.
At Uru, Max has traced copper-silver mineralisation over 15-kilometres of strike, widths observed in the field range between 1.0 and 25.0-metres, with vertical relief ranging from 1,200 down to 410 metres.
The Uru copper mineralisation continues to be predominantly primary chalcocite (80% copper by wt.) with localised weathering to malachite and associated with silver credits similar to the mineralisation characterised in the upper sedimentary horizons seen elsewhere in the Cesar basin.
Exploration Update
Max currently has a team of nine in-country geologists conducting first pass sampling and evaluation of the Cesar basin. The company is also proceeding with preparation for the inaugural Uru drill campaign in this newly identified copper-silver sedimentary basin. Additional undertakings include:
- LiDAR 290 sq. km survey and field work to assist drill design
- Environmental baseline survey underway
- Drill target prioritization
- Delineate drill pads, permitting and initial drilling programme
For further information please visit: https://www.maxresource.com/
