MAX Resource Corp. Channel Samples 1.722% Copper over 59 Metres
MAX RESOURCE CORP. CHANNEL SAMPLES 1.722% COPPER OVER 59 METRES
Vancouver B.C., April 3, 2018 – MAX RESOURCE CORP. (“MXR” or the “Company”) (TSX.V: MXR; OTC
Pink: MXROF; Frankfurt: M1D) is pleased to announce the results of the 97 metre channel sample at
Cerro de Cobre as it continues its due diligence in support of the acquisition of its Copperbelt Minerals
Corp’s Gachala Copper Project, 50 kilometres east of Bogota, Colombia (the “Property”), as detailed in
its February 26, 2018 news release. Highlights include:
• 19 metres averaging 3.21% copper; within
• 59 metres averaging 1.722 % copper
The orientation of the channel sampled mineralization is unknown at this time. MXR cautions investors
it has not yet fully verified the historical data. The 19 metres averaging 3.21% copper supports the 3.16%
copper over 22.9 metre obtained by Colombian Mines Corporation during its 2008 program.
“Our on-‐going due diligence continues to confirm our faith in the Copperbelt acquisition becoming our
critical asset,” Brett Matich, MXR Chief Executive Officer, stated. “The Cerro de Cobre channel sampling
exceeded expectations expanding the bedrock mineralization from 22 metres to 59 metres. We are now
awaiting assays to confirm the belief our LWIR survey, detailed in our March 8, 2018 news release, will
successfully vector us in to previously unknown bedrock copper mineralization. We remain staunchly
focussed on our object of Pioneering the World’s Next Copper Frontier.”
A continuous 8 centimetre channel sample was cut in bedrock to a depth of 3 to 4 centimetres and
sampled in continuous 1 metre intervals. As shown in the attached figure, the channel locations had to
be moved to accommodate topography. The metre by metre assays are shown in the accompanying
table.
Sample % Cu Sample % Cu Sample % Cu
AKCCCH036 0.187
AKCCCH056 6.781
AKCCCH062 3.492
AKCCCH037 0.218
AKCCCH097 10.719
AKCCCH063 2.356
AKCCCH038 0.179
AKCCCH001 7.706
AKCCCH064 2.354
AKCCCH039 0.331
AKCCCH002 6.479
AKCCCH065 2.115
AKCCCH040 0.214
AKCCCH003 2.737
AKCCCH066 1.481
AKCCCH041 0.057
AKCCCH004 2.416
AKCCCH067 1.308
AKCCCH042 0.424
AKCCCH005 1.219
AKCCCH068 1.678
AKCCCH043 0.171
AKCCCH006 1.908
AKCCCH069 3.243
AKCCCH044 0.170
AKCCCH007 1.559
AKCCCH070 0.958
AKCCCH045 0.433
AKCCCH008 1.169
AKCCCH071 2.457
AKCCCH046 0.567
AKCCCH009 0.538
AKCCCH072 1.478
AKCCCH047 2.281
AKCCCH010 0.179
AKCCCH073 1.056
AKCCCH048 3.102
AKCCCH011 0.426
AKCCCH074 1.847
AKCCCH049 0.279
AKCCCH012 1.985
AKCCCH075 0.855
AKCCCH050 0.986
AKCCCH057 0.222
AKCCCH076 1.074
AKCCCH051 2.840
AKCCCH058 0.062
AKCCCH077 1.025
AKCCCH052 1.392
AKCCCH059 0.034
AKCCCH078 2.000
AKCCCH053 0.414
AKCCCH060 1.034
AKCCCH079 0.848
AKCCCH054 1.150
AKCCCH061 0.908
AKCCCH080 0.318
AKCCCH055 6.018 AKCCCH081 0.178
The orientation of the channel sampled mineralization is unknown at this time. MXR cautions investors
it has not yet fully verified the historical data.
All samples from the Phase I surface program were sent to the ACTLABS COLOMBIA S.A.S. laboratory, an
ISO 9001: 2008 certified facility. All samples were collected by Max Resource Corp. contractor personnel
and securely stored until delivery to ACTLABS. At this early stage of exploration, Max Resource Corp. is
relying on the certified standards utilized by ACTLABS as part of it analysis protocols. No QA/QC
anomalies were noted in the analyses.
About Gachala
The Gachala Copper Project consists of 4 mineral claims and 21 exploration applications totaling
approximately 400 square kilometers, covering a 25km section of a 250km by 120km belt of Devonian
through Cretaceous age rocks in a geological setting conducive to hosting sedimentary copper deposits.
Mineralization appears to be localized at the contact between the Devonian -‐Permain red beds and the
overlying Cretaceous reducing black shales, one of the settings typical of these copper deposits.
The Gachala Copper Project includes the historic Cerro de Cobre copper mine, where 2008 channel
sampling returned 22.8 metres grading 3.16% copper and 15.3 g/t silver. Subsequent Mobile Metal Ion
(MMI) soil sampling defined a 1500 metre by 800 metre copper-‐in-‐soil anomaly encompassing the two
zones, open in all directions. Colombian Mines Corporation felt there was a high potential for repetition
on the opposite side of the hosting anticline and further felt the geology suggested mineralization may
extend beyond the limits of known anomalous zones. (Source: Colombian Mines Corporation News
Releases dated 15-‐May-‐2008 and 14-‐Nov-‐2012 respectively). The orientation of the channel sampled
mineralization is unknown at this time. MXR cautions investors it has not yet fully verified the historical
data.
The historic sampling combined with the recent mapping and sampling completed by MXR indicates
copper mineralization appears to be widely dispersed throughout the 400 square kilometre property
holdings.
About the Transaction
MXR has signed a binding Letter of Intent (“LOI”) to acquire 100% of the outstanding share capital of
Copperbelt Minerals Corp., a private Canadian company holding the Property. MXR will issue 12,000,000
common shares to the Copperbelt Minerals’ shareholders and take over the obligations of the Cerro de
Cobre agreement, requiring the aggregate payment of US$1,060,000 over the next three years to the
Cerro de Cobre vendors. Certain shareholders of Copperbelt Minerals will collectively retain a 3-‐per-‐cent
net smelter returns royalty (“NSR”) on the Property. MXR has the sole exclusive right to purchase half of
the 3-‐per-‐cent NSR for the consideration of US$3-‐million at any time prior to production. On April 2,
2018, the due diligence period was extended to April 30, 2018.
About Max Resource Corp.
Max Resource Corp., a Canadian-‐based exploration company, its focussed on acquiring advanced
exploration projects which are located within the under -‐explored northern section of the richly
endowed Andean Copper Belt of Colombia.
ON BEHALF OF THE BOARD OF MAX RESOURCE CORP.
“Brett Matich”
Brett Matich, CEO and President
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.
Further information regarding the Company can be found on SEDAR at www.SEDAR.com, or by
contacting the Company directly at (604) 365 1522.
Neither the 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.
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 Acquisition 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 guarantees 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. This list
is not exhaustive of the factors that may affect any of the Company’s forward-‐looking statements. These and other factors
should be considered carefully and readers should not place undue reliance on the Company’s forward-‐looking statements. The
Company does not undertake to update any forward–looking statement that may be from time to time by the Company or on its
behalf, except in accordance with applicable securities laws. We seek safe harbor.