Max Resource Corp. (TSXV: MAX) has commenced its 2023 exploration season at its wholly-owned CESAR Copper-Silver Project located in Northeast Colombia with over $15 million in the treasury.
Highlights
In the last two-years, Max has collected 6,500 surface rock samples over the 90-km-long CESAR belt: 1,125 samples have returned values greater than 1.0% copper with average grades of 3.5% copper and 36g/t silver.
- Max’s geological crew has now started to revisit the clusters of the outcrops with grades >1.0% copper and performing detailed mapping with the objective of delineating feeders; this has led to the discovery of two new priority targets (Sierra at AM and Potrero Grande at URU)
- Presently, six priority targets are being evaluated (Herradura, Sierra, Molino, Potrero Grande, URU South Target 1 and Target 2). At the same time, the regional programme continues with the objective to identify additional targets.
- Recent drilling at the AM District has confirmed Kupfershiefer style stratiform mineralization is present.
- Metallurgical testing of URU-C and URU-CE drill samples is underway.
Max is taking a two-pronged approach to on-going exploration on its CESAR project: 1) evaluate and prioritize existing targets within the 187 sq. km of mining concessions for drill testing; and 2) continue the regional sampling and prospecting programme to identify additional copper-silver targets along the 90-km long CESAR belt.
“The ultimate goal of our detailed mapping and geophysical surveys is to delineate multiple drill-ready targets along this massive copper system within Max’s wholly-owned CESAR Project,” CEO, Brett Matich, said.
Drill Target Evaluation and Prioritization
The sampling, along with geological mapping, has already identified six priority prospects and has helped to define two primary deposit models: a red-bed/Kupfershiefer style stratiform copper mineralization at AM and Central African Copper Belt style, as well as structurally controlled mineralization, at URU and Conejo.
In parallel, orientation geophysical surveys have commenced over targets where copper mineralization is outcropping at surface and there is evidence of historical artisanal mining.
The goal of the orientation surveys is to identify which geophysical techniques best identify the copper mineralization based on the two depositional models.
Ground geophysical methods including Magneto Telluric (MT), Magnetic, Gravity, Induced Polarization (IP) and Electromagnetic (EM) are being tested. In addition, historical seismic data collected over the prospects are being re-processed and interpreted.
For further information please visit: https://www.maxresource.com/
