MAX Resource Corp. Channel Samples 2.130% Copper over 30 Metres
MAX RESOURCE CORP. CHANNEL SAMPLES 2.130% COPPER OVER 30 METRES
Vancouver B.C., April 19, 2018 – MAX RESOURCE CORP. (“MXR” or the “Company”) (TSX.V: MXR; OTC
Pink: MXROF; Frankfurt: M1D) is pleased to announce the results of a second channel sample 45 meters
in length at the Cerro de Cobre mineral licenses. The Company is continuing with due diligence in
relation to the acquisition of Copperbelt Minerals Corp’s Gachala Copper Project, 50 kilometres east of
Bogota, Colombia (the “Property”), as detailed in the February 26, 2018 news release. Highlights
include:
• 10 metres averaging 3.365% copper; within
• 30 metres averaging 2.140 % copper
The orientation of the mineralization remains unknown at this time. This outcropping lies approximately
40 metres to the south of the first zone of channel sampling reported in the April 4, 2018 news release;
19 metres of 3.210% copper within 59 metres averaging 1.722% copper.
“Our on-‐going due diligence continues to confirm the Copperbe lt acquisition as a significant
advancement in building a technically superior property portfolio, ” Brett Matich, MXR Chief Executive
Officer, stated. “The second set of channel samples 40 metres to the south of the previous set of 97
metres of channel samples potentially indicate an expansion of the bedrock mineralization at Cerro de
Cobre. The LWIR confirmation assays testing previously unknown bedrock copper mineralization remain
outstanding. We continue to be persistently focussed on our objective 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 ID % Cu Sample ID % Cu Sample ID % Cu
AKCCCH112 0.760
AKCCCH122 5.402
AKCCCH133 0.640
AKCCCH113 0.644
AKCCCH123 4.508
AKCCCH134 4.337
AKCCCH114 0.466
AKCCCH124 2.091
AKCCCH135 3.361
AKCCCH115 0.508
AKCCCH125 2.121
AKCCCH136 0.614
AKCCCH116 0.416
AKCCCH126 1.668
AKCCCH137 2.805
AKCCCH117 5.413
AKCCCH127 0.269
AKCCCH138 2.348
AKCCCH118 2.283
AKCCCH129 1.475
AKCCCH139 1.136
AKCCCH119 3.275
AKCCCH130 1.778
AKCCCH140 2.771
AKCCCH120 3.468
AKCCCH131 1.483
AKCCCH141 0.436
AKCCCH121 3.426 AKCCCH132 2.139 AKCCCH142 2.148
The orientation of the channel sampled mineralization is unknown at this time.
Plate 1. Second Zone of Channel Sampling
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. Third party manufactured standards and blanks were
inserted into the sample stream and have not shown any QA/QC anomalies.
About Gachala
The Gachala Copper Project consists of 4 mineral claims and 21 exploration applications, located within
the 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.
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.