Max Resource Secures Rights to Acquire 100% of the Mora Gold-Silver Title Adjacent to the Marmato Gold Mine and the Apollo Gold Discovery in Colombia
Max Resource Secures Rights to Acquire 100% of the Mora Gold-Silver Title
Adjacent to the Marmato Gold Mine and the Apollo Gold Discovery in Colombia
Vancouver B.C., August 19, 2025 – MAX RESOURCE CORP. (“Max” or the “Company”)
(TSX.V: MAX; OTC: MXROF; Frankfurt: M1D2) is pleased to report that the Company’s wholly-
owned Colombian subsidiary, Maximum Company Colombia S.A.S. (“Maximum”), has entered
into an arm’s-length Purchase Agreement (the “Agreement”) to acquire Mining Concession No.
KK6-08031 (“Mora” or the “Title” or the “Property”). Pursuant to Maximum acquiring up to
100% of Inversiones Villamora S.A.S., The Mora Gold-Silver Title (713ha) lies within the
productive Middle Cauca Gold Belt host to several major gold deposits, 85-km south of
Medellin, Colombia (refer Figures 1 to 3 and Table 1).
Highlights
• The undrilled Title covers 40 historic workings, 5 active mines, a series of polymetallic
structures over 2,500m by 1,000m , adjacent to Aris Mining ’s (TSX: ARIS, NYSE:
AIMN) Marmato mine (Reserve:[email protected]/t Au,Resource:[email protected]/t Au,9Moz¹).
• Aris Mining’s Marmato title abuts along our 3.4-km eastern boundary, and Collective
Mining’s (TSX: CNL, NYSE: CNL) Guayabales Project abuts to the north (Apollo
Porphyry System), west, south, and vertical east boundaries, 4.8-km in length.
• Highlight, Mora Gold-Silver Title channel sample results include (refer to Table 1)
o 45.0g/t gold & 7,110g/t silver over 1m;32.0g/t gold & 53g/t silver over 1m.
o 27.0g/t gold & 732g/t silver over 1m; 8.9g/t gold & 75g/t silver over 1.5m.
o 36.7 g/t gold over 2m; 3.3 g/t gold & 87 g/t silver over 1m.
Figure 1: Polymetallic Structures, Mines, Assays, Marmato (2012¹), Apollo Discovery.
https://www.maxresource.com/images/gallery/MAX_Mora_Maps-&-Figures_162.jpg
Max advises investors that the gold mineralization at the Marmato gold deposit and the Apollo porphyry zone
may not necessarily by indicative of similar mineralization at the Mora Property. Max further advises the QP
has been unable to verify the information on Marmato and Guaybales and that the information is not
necessarily indicative to the mineralization on the Mora property.
“The Mora Gold-Silver Title is of significant size, and provides both, a high-grade Marmato
type target, clearly manifested by the numerous small-scale mines and geological proximity
and an underlaid Apollo Porphyry type target, again with geological proximity and the
series of ”polymetallic” structures, which occur on all the targets for the adjacent Guayabales
Gold Project, including the recent Apollo discovery,” says Max CEO Brett Matich.
“We are excited with the opportunity of being the first exploration Company to conduct
significant exploration on the Mora Title. Our in-country expertise abodes well to acting as the
sole operator,” he concluded.
Discussion of the Mora Gold-Silver Title
The Mora Title is located within a well-established gold mining camp, its eastern boundary lies
approximately 600m southeast of the Marmato gold mine (P+P Reserves of [email protected] g/t
Au for 3.2Mozs and M+I Resource of [email protected] g/t Au for 6.0Mozs¹). There visually appears
to be a series of mineralized polymetallic veins running from Marmato through to the San Juan
Sector of the Mora Title. By H2 2026, Aris Mining plans ramping up Marmato's gold production
to 200,000 ounces/year.
The geology exposed at Marmato appears very similar in character to Mora, and can be
considered analogous, due to its close proximately and geological similarities, including the
same type: a) host rocks, b) structural trends, c) styles of mineralization, and d) types of
alteration.
These are all key characteristics of the world class bulk tonnage porphyry-related gold
deposits of the Middle Cauca Gold Belt.
In addition, Collective Mining’s recent Apollo Porphyry System discovery appears to trend over
the northern border of the Mora Title. The extensive “polymetallic” sub-parallel mineralized
structures identified within the San Juan Sector are of significance. Collective Mining’s NI
43:101 titled “Guayabales Gold-Silver-Copper Project”, states, “Polymetallic veins occur on
all targets” as of the Apollo, Olympus, Donut, Box, Trap and Victory targets.
Max advises investors that the gold mineralization at the Marmato gold deposit and the Apollo porphyry zone
may not necessarily by indicative of similar mineralization at the Mora Property. Max further advises the QP
has been unable to verify the information on Marmato and Guaybales and that the information is not
necessarily indicative to the mineralization on the Mora property.
In April 2025, a 2-day reconnaissance visit was conducted by a geological consultant, on
behalf of the Company. Investigation of the San Juan Sector in the northern portion of the
Mora Gold-Silver Title, confirmed a series of NW to SE striking polymetallic sub-parallel
mineralized structures along over 2,500m of strike, dipping to the SW, across a width of
1,500m SW to NE. Over 40 historic workings and 5 active artisanal gold mines were noted.
The polymetallic mineralized structures clearly cross the eastern boundary towards the
Marmato gold mine.
The Nan Prospect in the lower SE corner of the Mora Gold-Silver Title, identified one east to
west polymetallic mineralized structure dipping to the south and two other polymetallic
structure’s running NW to SE dipping NE crossing across the boundary trending to Marmato
(refer to Table 1).
Historical Work
The mining and exploration on the Mora Gold-Silver Title has been primitive and limited to
date. The only recorded exploration are historic workings and artisanal mining, with the
exception of a report documenting a field visit in 2012 for Crown Gold Corp².
The author identified numerous high-grade gold and silver sulphide veins exploited by
artisanal miners on both Marmato and the Mora Title/Property. His comments include:
“There is no question that the geology of Marmato continues across the Mora title (KK6-
08031) boundary in the region of San Juan. Gran Colombia states that their deposit
(Marmato) is open and continues at depth and to the west and south, both areas are within
in the Mora title”
In addition, the Crown Gold Corp. news release, dated December 20, 2012² stated:
“During a visit in November, Crown gained access to, and channel sampled, 7 of the 40 adits
which it has located to date, on the Mora Property. A total of 7 channels were cut in these 7
adits and all samples returned gold and silver values. The weighted average value of gold was
13.2 g/t over 5.9m sampled, while the weighted average value of silver was 1,647 g/t.
Sampling to date has been concentrated within 1-km² block (San Juan Sector) of the 7-km²
Mora Property. There appears to be a series of mineralized “polymetallic” veins
running through the Mora Property, similar mineralization to Gran Colombia’s Marmato
gold deposit, which lies adjacent east side of the Mora Property.
The Marmato property has a 43:101 measured and indicated resource of over 11.7Mozs of
gold and 80Mozs of silver to vertical depth of 400m. In addition, recent drilling at Marmato has
revealed high grade mineralization extending a further 700m below the present resource”
Table 1: Highlight Assay Results for 2012² and 2025 Field Investigations.
Next Steps
The continuing artisanal mining development which predates Colombian times, modern
development of the world class Marmato gold mine and the most recent Apollo gold discovery
in 2023, underlines the potential of the Mora Property for bulk mining exploitation.
The initial exploration program consists of three goals:
• collect all historic data and perform a property wide assessment.
• identify and map all historic workings and active mines.
• conduct outcrop, road cut geological mapping and sampling all to initiate stage two.
Figure 2. El Oso Gold-Silver Mine located within the Mora Title.
UTM Gold Silver Arsenic Zinc Sample Type ID
432432E/604753N 45.0 g/t 7,110 g/t 1.0m channel 6
431876E/604452N 36.7 g/t - 2.0m channel 1
430940E/604972N 32.0 g/t 53 g/t 1.0m channel 20
432445E/604726N 27.0 g/t 732 g/t 1.0m channel 7
431090E/602782N 8.9 g/t 75 g/t 1.5m channel 22
432243E/604575N 1.6 g/t 73 g/t 0.3m channel 15
431822E/604471N 1.2 g/t 877 g/t 1.0m channel 19
432304E/604822N 10.2 g/t 211 g/t 0.5% 2.3% Grab 1 - G503870
432403E/604945N 3.3 g/t 87 g/t 0.7% 0.1% 1.0m channel 2 - G503866
431884E/604446N 2.6 g/t 45 g/t 3.4% 0.01% 1.0m channel 3 - G503869
435336E/603379N 21.4 g/t 156 g/t 0.15% 5.60% 1.0m channel 4 - G503857
435238E/603393N 1.6 g/t 22 g/t 0.07% 1.70% 1.0m channel 5 - G503862
San Juan Sector - 2012²
San Juan Sector – 2025
Nan Prospect – 2025
Figure 3. El Cielo Gold-Silver Mine located within the Mora Title.
Table 2. References.
Terms of the Purchase Agreement
Under the terms of the Agreement, Maximum has the exclusive rights to earn up to 100% of
Inversiones Villamora S.A.S. (“Villamora”). Pursuant to Maximum acquiring 100% of the
shares of Villamora, the 100% owner of Mora, Maximum acts as the sole operator and can
withdraw from the Option or Purchase Periods at any stage. Payments are USD to the
shareholders of Villamora and all payments are subject to certain milestones, obligations and
Name Highlights References
Guayabales Project Collective Mining Apollo: 497m at 3.0 g/t AuEq.
TSX: CNL Trap: 632m at 1.1 g/t AuEq. https://aris-mining.com/operation/reserves-and-resources/
NYSE: CNL Plutus: 301m at 1.1 g/t AuEq.
Ramp:
75m at 8.0 g/t Au
ME: 111m at 1.0 g/t AuEq.
Marmato gold mine¹ Aris Mining P&P Reserves: 31.28Mt at 3.16 g/t Au, 3.178Mozs
TSX: ARIS M&I Resource: 61.5Mt at 3.03 g/t Au, 5.997Mozs https://aris-mining.com/operation/reserves-and-resources/
NYSE: AIMN Inferred Resource: 35.6Mt at 2.43 g/t Au, 2.787Mozs
Colombia Title² Crown Gold Corp. Mora Property in Colombia
KK6-08031 TSXV: CWN) Scott Franko, senior consultant to Crown Gold and a registered
News Release Professional Geologist was designated as the Qualified Person
Dec. 20, 2012 under NI43-101 for the Colombian Mining Project.
conditions. Option Period; first payment of $50,000; second of $50,000; third of $150,000 and
fourth of $150,000.
The Purchase Period;
$1,000,000 on or before 1 year after the final Option Period payment advances to 20%;
$1,000,000 on or before 1 year after the first Purchase Period payment advances to 40%;
$2,000,000 on or before 1 year after the second Purchase Period payment advances to 60%;
$4,000,000 on or before 1 year after the third Purchase Period payment advances to 100%.
Under certain conditions, prior to Maximum initiating the Purchase Period, Maximum shall be
entitled to acquire the Mora Title, rather than Villamora, under the same terms and conditions.
The Company committed to 3% net smelter royalty from ore production. No finders' fees were
paid in connection with the transaction.
Corporate Update
Further to news releases on December 12, 2024, January 2, 2025, January 7, 2025, January
9, 2025, January 20, 2025, March 30, 2025 and April 22,2025, Max Brazil has closed the
fourth tranche of its non-brokered private placement for a new aggregate amount of
27,400,000 ordinary shares in the capital of Max Brazil (the "Ordinary Shares") at a price of
AUD $0.10 per Ordinary Share for aggregate gross proceeds AUD $2,740,000.
The net proceeds of the Offering to be used, among other things, for the advancement of the
Florália DSO Project, and for general working capital purposes.
Max Brazil will be subject to applicable Australian securities legislation and the rules and
regulations of the ASX. There is no guarantee that the proposed IPO or listing of Max Brazil on
the ASX will be completed on the terms set out in this announcement or at all. Closing of the
IPO is subject to a number of conditions, including receipt of all necessary corporate and
regulatory approvals.
Quality Assurance
Max adheres to a strict QA/QC program for sample handling, sampling, sample transportation
and analyses. All 21 rock samples were taken by the Max consulting geologist, labelled, placed
in sealed, securitized bags and shipped to ALS Lab's sample preparation facility in Medellin,
Columbia. ALS Medellin is an ISO 9001: 2008 certified facility and is independent of Max. All
samples were analyzed using ALS procedure ME-ICP61, a four-acid digestion with inductively
coupled plasma finished. Over-limit gold is determined by ALS procedure Au-GRA21 a 30 gram
fire assay with a gravimetric finish. Over-limit silver, lead, arsenic and zinc were determined
by ALS procedure OG-62, a four-acid digestion with an atomic absorption spectroscopy finish.
At this early stage of exploration, Max has relied on the QA/QC protocol's employed by ALS.
Qualified Person
The Company's disclosure of a technical or scientific nature in this news release was reviewed
and approved by Tim Henneberry, P.Geo (British Columbia), a member of the Max Resource
advisory board, who serves as a qualified person under the definition of National Instrument
43-101.
About Max Resource Corp.
Max's wholly owned Sierra Azul Copper-Silver Project sits along the Colombian portion of the
world’s largest producing copper belt (Andean belt), with world-class infrastructure and the
presence of global majors (Glencore and Chevron). Max has an Earn-In Agreement (“EIA”)
with Freeport-McMoRan Exploration Corporation (“Freeport”), a wholly owned affiliate of
Freeport-McMoRan Inc. relating to the Sierra Azul Project. Under the terms of the EIA,
Freeport has been granted a two-stage option to acquire up to an 80% ownership interest in
the Sierra Azul Project by funding cumulative expenditures of C$50m and cash payments
totaling C$1.55m. Max is the operator of the initial stage. The USD $4.8m 2025 exploration
program for the Sierra Azul Project is fully funded by Freeport.
Max Iron Brazil’s wholly owned Florália Hematite DSO Project is located 67-km east of Belo
Horizonte, Minas Gerais, Brazil’s largest iron ore and steel producing State. Max’s technical
team has significantly expanded the Florália Hematite DSO Geological Target from 8-12mt at
58% Fe to 50-70mt at 55%-61% Fe.
Max cautions investors the potential quantity and grade of the iron ore is conceptual in nature, and further
cautions there has been insufficient exploration to define a mineral resource and Max is uncertain if further
exploration will result in the geological target being delineated as a mineral resource. Hematite mineralization
tonnage potential estimation is based on in situ high-grade outcrops and interpreted and modelled magnetic
anomalies. Density value used for the estimate is 2.8t/m³. Hematite sample grades range between 55-61%
Fe. The 58 channel samples were collected for chemical analysis from in situ outcrops in previously mined
slopes of industrial materials.
For more information visit on Max Resource: https://www.maxresource.com/
For additional information contact:
Tim McNulty E: [email protected] T: (604) 290-8100
Rahim Lakha E. [email protected]
Brett Matich T: (604) 484 1230
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Except for statements of historic fact, this news release contains certain "forward -looking information" within
the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may"
or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements
are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events
or results to differ materially from those anticipated in the forward-looking statements including, but not limited
to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent
in forward-looking information, including factors beyond the Company’s control. There are no assurances that
the commercialization plans for Max Resources Corp. described in this news release will come into effect on the
terms or time frame described herein.
The Company undertakes no obligation to update forward-looking information if circumstances or management's
estimates or opinions should change except as required by law. The reader is cautioned not to place undue
reliance on forward -looking statements. Ad ditional information identifying risks and uncertainties that could
affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings
are available at www.sedarplus.ca.