MAX Resource Announces Lwir Correlates with GOLD Bearing Correlates at Choco
MAX RESOURCE ANNOUNCES LWIR CORRELATES WITH GOLD BEARING CORRELATES
AT CHOCO
Vancouver B.C., February 27, 2019 – MAX RESOURCE CORP. (“MAX” or the “Company”) (TSX.V: MXR;
OTC: MXROF; Frankfurt: M1D1) is pleased to report the results of a “cloud stitched” Long Wave InfraRed
(LWIR) survey over a 1,000 sq. km area within the Company’s 1,757 sq. km “Choco Gold Bearing
Conglomerate Project”, located 100km SW of Medellin, Colombia.
Highlights
• The LWIR results appear to suggest a strong correlation between the gold bearing conglomerate
Trial Pits and Outcrop sample sites and LWIR anomalies.
• The LWIR survey area encompasses the previously reported 36 sq. km gold bearing zone and
covers or is adjacent to historic production (1906 – 1990) of 742,308 oz. gold and 769,049 oz. of
platinum and the 2006 ANM drill hole which identified conglomerates units down to 500m. Source:
R.J. Fletcher & Associates 2011 Review of Gold and Platinum Exploration & Production in Choco Province Colombia, P 3 Private
Report for Condoto Platinum Ltd.
• The LWIR identified anomalous zones interpreted to be conglomerates continue further to the
northeast and southwest.
Brett Matich, MAX's President and Chief Executive Officer, commented: "The LWIR has yielded responses
throughout the 1000 sq. km survey area similar to responses over the 36 sq. km area of our concentrated
exploration efforts to date.” He continued: “The LWIR survey has also further increased our level of
confidence in a possible link between overlying Choco Pacific production and underlying gold- bearing
conglomerates."
LWIR Survey
Max conducted the cloud stitching Long Wave InfraRed (LWIR) survey to investigate a potential
correlation between conglomerate outcropping and areas of historic production. Historically, s atellite
imagery has been hindered because of year -round cloud cover . T his survey sourced multiple bands
through the gaps in the clouds over a 20-year period, stitching the imagery together.
LWIR analysis, through proprietary processing of Aster satellite data, has the ability to map or identify,
through reflectance spectroscopy against a set of known standards, mineral distribution over extremely
large areas cover ed by vegetation and shallow cover. The ground -penetrating nature of infrared
radiation in the long wave bands allows viewing of mineral spectra in the first 30 to 60 centimetres of
the earth's surface through dense vegetation.
The Choco Gold Bearing Conglomerate Project
MAX has 100% ownership of 82 and 50% of 7 mineral license applications, totaling over 1,757 sq. km
located within Choco Department approximately 100km SW of the city of Medellin, Colombia.
Compania Minera del Choco Pacifico (“Choco Pacific ”) produced 1.5 million ounces of surface gold and
1.0 million ounces of surface platinum from the “Choco District” between 1906 to 1990, largely limited
to an average depth of 8 meters or less.
MAX’s Choco Gold Project covers or is adjacent to much of Ch oco Pacific’s historic exploration and
production areas, in addition, an ANM hole drilled for hydrocarbons in the northern end of the current
1000 sq. km exploration area, that appears to have intersected zones of conglomerates through the top
500 metres according to the summary of drill log for hole Choco-1-ST-P. None of the conglomerate was
sampled for gold as the target was deeper hydrocarbons.
Source: 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.)
MAX cautions investors it has yet to verify the historic information.
Tim Henneberry, P. Geo (British Columbia), a member of the Max Resource Corp. Advisory Board, is the
Qualified Person who has reviewed and approved the technical content of this news release on behalf
of the Company.
About Max Resource Corp.
Max Resource Corp.’s focus is to explore and consolidate gold and platinum group mineral assets in the
richly endowed Choco mineral district of Colombia.
ON BEHALF OF THE BOARD OF MAX RESOURCE CORP.
“Brett Matich”
Brett Matich, CEO and President
For further information, please visit the Company’s website at www.maxresource.com
or the Company’s profile at www.SEDAR.com
If you would like to be added to Max Resources’ news distribution list, please send your email address
For more information contact:
Brett Matich, CEO and President Tel: (+1) 604 365-1522
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responsibility for the adequacy or accuracy of this release.
This news release includes certain statements that may be deemed as “forward -looking statements” within the meaning of applicable Canadian securities
laws. All statements in this release, other than statements of historical facts, are forward-looking statements, including, without limitation, statements
pertaining to completion of the Transaction and any approvals required in connection with the Acquisition. Although the Company believes the expectations
expressed in such forward -looking statements are based on reasonable assumptions, such statements are not guaranteeing of future performance and
actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially
from those in the forward-looking statements include: changes in market conditions, unsuccessful exploration results, changes in the price of commodities
(particularly copper), unanticipated changes in key management personnel and general social, economic or geo-political conditions. Mining exploration and
development is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements.
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