Exceptional Results From New RT Gold Project in Peru
Max Resource Corp. (TSXV:MXR) has secured for the RT Gold project in Peru. Sixteen hundred metres of diamond drilling was completed on the Tablon gold-bearing massive sulphide in 2001.
Highlight gold-rich drill intersections:
- 18.8 g/t gold over 16m from 35m;
- 13.0 g/t gold over 3.0m from 33m;
- 8.8 g/t gold over 25m from 13m
- 7.0 g/t gold over 6.0m from 0m
- 5.3 g/t gold over 17m from 12m
- 5.0 g/t gold over 9.0 from 2.0m
- 4.9 g/t gold over 14m from 41m
- 3.1 g/t gold over 21m from 9.0m
“Management believes results like these are exceptional and rare. Whilst exploration is still at an early stage, the high-grades and thicknesses at shallow depths is remarkable,” CEO Brett Matich said.
“Expansion potential for Tablon is significant, and re-analysis of the historic core will guide selection of high priority drill targets,” he continued.
RT Gold, consisting of two contiguous mineral concessions located 760 km northwest of Lima, sits along the Condor mountain chain of northern Peru, within the Cajamarca metallogenic belt. This geological belt extends from central Peru into southern Ecuador, hosting a number of world-class gold deposits. The company has exclusive rights to earn 100% of RT Gold.
The RT Gold project contains two distinct and significant mineralided systems: Cerro, a high-grade gold-bearing porphyry zone 2.0 km by 1.5 km; and Tablon, lying 3.0 km to the north west, a high-grade gold-bearing massive sulfide zone 1.5 km by 1.0 km.
The 2001 drilling of the Tablon zone consisted of 33 holes, ranging from 10.4 to 132.5-metres in length, and dipping from -45o to vertical, over a 400 by 200m area. High-grade gold values ranged from 3.1 to 118.1 g/t gold over core lengths ranging from 2.2 to 36.1m. In addition, hole RT-29 returned a metallics re-assay value of 186 g/t gold over 2.2m, indicating the presence of coarse gold.
The CESAR project spans an area of ~500 sq.km in North Eastern Colombia, covering a major part of a 200-km long sediment-hosted copper-silver belt. The CESAR region enjoys major infrastructure as a result of oil and gas and mining operations, including Cerrejon, the largest coal mine in Latin America, jointly owned by global miners BHP Billiton, XStrata and Anglo American.
Max has entered into three non-exclusive confidentiality agreements regarding the CESAR project: one with one of the world’s leading copper producers; a second with a global mining company and a third with a mid-tier copper explorer.
