Max Outlines Gold Copper Zone at North Choco
Max Outlines Gold Copper Zone at North Choco
Vancouver B.C., June 5, 2019 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MXR; OTC:
MXROF; Frankfurt: M1D1) is pleased to report further results from its initial sampling program at North Choco
Gold-Copper have identified anomalous gold and copper at surface within an area approximately 5 km by 7.5
km and open in all directions. Max is acquiring the North Choco Property, located 80 km SW of Medellin,
Colombia, through the pending acquisition of Andagueda Mining Pty. Ltd. (see news release of May 8, 2019).
• A total of 74 rock chip samples were taken in the area with gold values ranging from 5 to 80,000 ppb (80
g/t) gold and copper values ranging from 14.5 ppm to 18,200 ppm (1.82%) copper;
• Average grades were 537 ppb gold and 640 ppm Copper, medians were 25 ppb Au and 171 ppm Cu;
• Sample widths of the individual chip samples ranged from 0. 125 to 1.00 metres with the majority i n the
0.30 to 0.40 metre range;
• Copper minerals included: chalcopyrite, chalcocite and occasional bornite;
• Assay results are pending on a further 88 samples.
“Our exploration campaign continues to produce excellent results ” Max CEO , Brett Matich, stated. “We have
already identified a large area of anomalous gold copper mineralization and will now focus on expanding
mineralization foot print, with further assay results pending,” he continued.
North Choco Gold-Copper and Choco Gold-Platinum
North Choco Gold-Copper (500 sq. km) is located 80 km SW of Medellin and is contiguous to properties held by
AngloGold Ashanti (NYSE: AU) and Continental Gold (TSX: CNL) and includes rights to exploration and
exploitation over a 72.5 sq. km Mining Area.
North Choco is 47 km SW of AngloGold’s 2005 Nuevo Chaquiro copper porphyry discovery, hosting an inferred
resource of 604Mt at 0.65% copper and 0.32g/t gold with a contained metal content of 4 million tons of copper
and 6 million ounces of gold. This is one of five known porphyry centres within a 15 sq. km area. The Nuevo
Chaquiro Resource is disclosed in the AngloGold presentation “Discovery and Geology of the Nuevo Chaquiro
Cu-Au (Ag-Mo) Porphyry Deposit”. Max cautions investors results from adjacent and nearby properties are not
necessarily representative of the mineralization hosted at North Choco.
AngloGold Ashanti examined the North Choco area for porphyry copper in 2005, locating porphyry copper
prospects and anomalies. AngloGold was unable to follow up and the area has sat idle until Andagueda Mining
completed its historic agreement earlier this year.
Max’s Choco Gold-Platinum Property (2.140 sq. km) is located adjacent to and SW of North Choco Gold-Copper
and covers or is adjacent to historic production of 1.5Mozs gold and 1.0Mozs platinum. Free gold was observed
from hard-rock conglomerates taken from surface in February of 2019. A follow up Long Wave InfraRed (LWIR)
survey identified multiple conglomerate zones spread over a 1,000 sq. km area . Test work is continuing on
accessing the fine gold within the conglomerates and the second phase exploration program will commence
soon. Source for Choco: R.J. Fletcher and Associates (2011) Review of Gold and Platinum Exploration and
Production in Choco Province Colombia Part 3. Private Report for Condoto Platinum Ltd.)
QA/QC
All rock chip samples were shipped from site and delivered by Company personnel to the SGS Colombia S.A.S
laboratory in Medellin, Colombia, an ISO/IEC 17025:2005 accredited facility.
All rock samples were analyzed utilizing SGS's ICM40B procedure, a four -acid digestion of a one half -gram
sample with an ICP finish, with a copper upper limit of 10000 ppm (1%). All rock samples were also analyzed
utilizing SGS’s FAG303 procedure, a 30-gram gold fire assay with a gravimetric finish. Over limit copper values
were subsequently analyzed utilizing ASS41B over range package with an upper limit of 30% copper. Certified
blank samples from CDN Resource Laboratories Ltd. were inserted into the sample stream at regular intervals.
No irregularities were noted.
About Max Resource Corp.
Max is a mineral exploration company focused on the development and acquisition of prospective projects in
the rich mineral belts of Colombia. The Company has established significant exploration infrastructure and
local community support for the Choco Gold-Platinum project, located 100km south of Medellin, which covers,
or is adjacent to, historic production of 1.5 million ounces of gold and one million ounces of platinum. The North
Choco Copper-Gold project lies adjacent to the Choco Gold-Platinum project. The company's Gachala copper
project is located 60km east of Bogota. The company is led by a seasoned management team with a record of
significant discovery and exploration success.
Tim Henneberry, PGeo (British Columbia), a member of the Max Resource advisory board, is the qualified
person who has reviewed and approved the technical content of this news release on behalf of the company.
For more information visit: https://www.maxresource.com/
For additional information contact:
Max Resource Corp.
Tim McNulty
T: (604) 290-8100
For Max Resource’s French inquiries:
Remy Scalabrini, Maricom Inc.
T: (888) 585-MARI
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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. Additional information identifying risks and uncertainti es that could affect financial results is
contained in the Company’s filings with Canadian securities regulators, which filings are available at
www.sedar.com