Max Resource Commences Airborne Geophysical Survey at CESAR
Max Resource Commences Airborne Geophysical Survey at CESAR
Vancouver B.C., August 31, 2023 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MAX; OTC: MXROF;
Frankfurt: M1D2) is pleased to report that it has commenced a high-resolution airborne magnetic and radiometric
survey over the entire AM District, the northern most area of its 100% owned Cesar Copper-Silver Project located
in Northeastern Colombia.
The fixed-wing 4,000-line-km survey will collect data along 125m spaced flight lines at a nominal height of 100m.
Flight lines are oriented east-west and covering more than 400 km2 of highly prospective ground within the Cesar
Project (refer to Figure 1). Survey results will be used to assist in developing and refining drill targets by mapping
the lithologies and the geological structures that control mineralization. Stratiform copper-silver mineralization at
AM is observed where geological faults intersect sedimentary units that are permeable and contain organic
material.
Figure 1: 2023 Airborne Magnetic & Radio Metric Survey over the AM district, Cesar Copper-Silver Project
Image showing airborne survey Lines, AM District Area of Interest and Rock Geochemistry Results
“This is the first extensive high-resolution airborne survey conducted in the Cesar basin and it will be an important
dataset as we continue to advance the Cesar Copper -Silver Project. The data will allow the Company to pinpoint
areas with the greatest potential for significant accumulation of copper silver minerals by identifying where the
permissive lithologies have had the greatest amount of structural preparation,” commented Max VP Exploration,
Bruce Counts.
“Max will review the data as it is collected and complete preliminary interpretations that can b e followed-up in
the field,” he concluded.
Background
The Cesar Copper Silver Project comprises of three districts: AM, Conejo and URU . Collectively the three
contiguous districts stretch over 90-km in NNE/SSW direction (refer to Figure 2).
Figure 2: Location of the Cesar Copper Silver Project, NE Colombia
Image showing location of 3 exploration districts of the Cesar Copper-Silver Project
This region provides access to major infrastructure resulting from oil & gas and mining operations, including
Cerrejón, the largest coal mine in South America, held by global miner Glencore. Max’s twenty mining concessions
collectively span over 188-km².
In 2022, Max executed a 2-year co-operation agreement with Endeavour Silver Corp. (TSX: EDR, NYSE: EXK), which
assists to expand its 100% owned landholdings, Endeavour will hold an underlying 0.5% NSR.
AM District
Starting in the far north of the Jurassic basin, classic stacked red bed outcrops with extensive lateral continuity
have been rock sampled over many kilometres within the AM District. Highlight values of 34.4% copper and 305
g/t silver have been documented in the sedimentary red bed sequences. The Company confirmed that stratiform
mineralization continues at depth with two scout drill holes completed earlier this year (Max News Release dated
April 4, 2023 ). In addition, Colombian field crews continue to discover and sample new mineralized outcrops
including at the recently identified AM -7 target (Max News Release dated May 2 5, 2023 and Max News Release
dated June 22, 2023).
Conejo District
Midway south, the Conejo District is the most recent to be recognized and is characterized by structurally
controlled mineralization hosted in intermediate and felsic volcanic rocks. Numerous mineralized outcrops have
been discovered ove r a distance of 3.7-km at the primary target in the district with s urface samples averaging
4.9% copper (2% cut-off). No drilling has been conducted at Conejo, but it has emerged as an area of focus for the
Company.
URU District
Mineralization within the URU District is hosted in intermediate volcanic rocks and is structurally controlled,
similar to deposits in the Central African Copper Belt. At URU-C, a 9.0m of 7.0% copper and 115 g/t silver surface
discovery was confirmed at depth by drill hole URU-12, which intersected 10.6m of 3.4% copper and 48 g/t silver.
At the URU-CE target, 750m to the east, 19.0m of 1.3% copper discovered in outcrop was confirmed by drill hole
URU-9, which intersected a broad zone of copper oxide returning 33.0m of 0.3% copper from 4.0m, including
16.5m of 0.5% copper (Max News Release date January 24, 2023).
CESAR Target Evaluation
Max has identified and is evaluating 21 targets along the C esar 90-km-long belt for potential drill testing. The
Company is focused on expanding, refining, and prioritizing these targets in preparation for a drill program. Initial
efforts have been concentrated on those targets with the greatest size potential with work that includes the
following field activities:
• Systematic chip and channel sampling of the mineralized outcrops.
• Detailed geological and structural mapping of each showing.
• Trenching where possible to expose additional mineralization.
• Target scale prospecting and soil sampling.
• Ground geophysical surveys.
Regional Exploration
Max has demonstrated that the Cesar basin is fertile for copper-silver mineralization over a large area; however,
only a fraction of the basin has been explored. As a result, Max has dedicated on of its geological teams to regional
exploration with the goal of discovering additional copper-silver prospects over 1,000 sq-km.
Qualified Person
The Company's disclosure of a technical or scientific nature in this news release was reviewed and approved by
Tim Henneberry, PGeo (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 Resource Corp. (TSXV: MAX) is a mineral exploration company advancing the newly discovered district-scale
Cesar copper-silver project. The wholly owned Cesar 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).
In addition, Max controls the RT Gold project (100% earn -in) in Peru, encompassing a bulk tonnage primary gold
porphyry zone, and 3 -km to the NW, a gold bearing massive sulphide zone. Historic drilling in 2001, returned
values ranging 3.1 to 118.1 g/t gold over core lengths ranging from 2.2 to 36.0-metres.
Max is proactive, with the corporate goal of transitioning the C esar basin towards the mining of copper, the key
metal for Colombia’s transition to clean energy. The safety of our people and the communities where we operate
is most important. We conduct exploration in a manner which supports protection of ecosystems through
responsible environmental stewardship.
Source: NI 43:101 Geological Report RT Gold Project for Max Resource Corp. by Luis Rodrigo Peralta, Mar. 8, 2023. NI 43:101 Geological Report Rio
Tabaconas Gold Project for Golden Alliance Resources Corp. by George Sivertz, Oct.3, 2011.
For more information visit: 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
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