Max Resource Discovers Additional Mineralized Outcrops at Target AM-14 Property-wide Airborne Geophysical Survey Completed
Max Resource Discovers Additional Mineralized Outcrops at Target AM-14
Property-wide Airborne Geophysical Survey Completed
Vancouver B.C., February 22, 2024 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MAX; OTC:
MXROF; Frankfurt: M1D2) is pleased to report that two additional mineralized outcrops have been discovered at
target AM-14, located on the Company’s Mining Concession within the AM District of its wholly-owned Cesar
Copper-Silver Project, Northeastern Colombia. In addition, the Company has received the final data from the
10,000 line-km property-wide airborne magnetic and radiometric survey.
Highlights
The discoveries at AM-14 highlight the scale of potential deposits on the Cesar Copper-Silver Project:
• AM-14 lies along a 15-km corridor of high-grade, stratiform Copper-Silver mineralization (refer to Figure 1).
• The 15-km corridor is parallel to the regional strike of the sedimentary rocks and has highlight grades of 24.8%
Copper and 230 g/t Silver.
• These discoveries bring the total number of outcrops at AM -14 to 7 and provide further confirmation that
several horizons of stratiform mineralization are present within the sedimentary sequence in the AM District.
• The Copper-Silver bearing outcrops are exposed up to 285m along strike and are up to 4.0m thick.
• There is strong evidence for continuity of mineralized layers between AM-14 and AM-07, a distance of 1.5 -
km.
Airborne magnetic and radiometric data is an important tool in identifying the geological structures that controlled
the flow and emplacement of the mineralized fluids:
• Over 10,000 line-km high-resolution airborne magnetic and radiometric survey collected.
• Survey area covers 114,650 sq-km of prospective geology.
• Data analysis and a structural interpretation are underway with results expected in Q2.
“The exploration crews continue to expand the Company's latest Copper-Silver discoveries in multiple directions,
confirming significant horizontal extents of multiple Copper-Silver horizons, duplicating the success at other AM
targets, at the Conejo and at URU Districts,” commented MAX CEO Brett Matich.
“Concentrated exploration in each of these three areas along 120 -km’s of the CESAR Basin continues to expand
the Copper-Silver mineralization footprint, strongly supporting Max's geological model for CESAR as an analog to
both Kupferschiefer in Poland/Germany and Kamoa-Kakula in DRC,” he concluded.
AM-14 Outcrops
Mineralization at target AM-14 is hosted in layers of medium to fine -grained sandstone rich in organic material.
The Copper-Silver bearing horizons are within a 700-metre-thick package of interbedded sedimentary rocks that
strike 240⁰ to 260⁰ and dip 30⁰ to 45⁰. northwest. Chalcocite, malachite and azurite are the most abundant copper
minerals observed in the outcrop (refer to Figure 2 to 4).
The newly discovered mineralized beds are up to 2.2m thick and are exposed for several metres along strike before
disappearing under cover. Systematic channel sampling of the mineralized outcrop has now commenced. Crews
will continue detailed mapping in the vicinity of the discoveries with the goal of extending the footprint of
mineralization.
Figure 1: Image showing 15-km corridor of high-grade copper-silver mineralization at AM.
Figure 2: Newly Discovered Outcrop #6 at Target AM-14.
Image shows outcrop of Copper-Silver bearing sandstone. The mineralized horizon is up to 1.3m thick and exposed for 12.5m along
strike before disappearing under cover.
Exposure up to 1.3m thick, total thickness unknown
Figure 3: Newly Discovered Outcrop #7 at Target AM-14.
Image shows outcrop of Copper-Silver bearing sandstone. The mineralized horizon is up to 2.2m thick and exposed for 8.0m along strike
before disappearing under cover.
2.2m - visual copper
mineralization
Figure 4: Location of Newly Discovered Outcrops in Target Area AM-14.
Airborne Magnetic & Radiometric Survey
The 10,000 line-kilometre high-resolution airborne magnetic and radiometric survey has been completed and final
data received from the survey contractor (refer to Figure 5). Survey data were collected along East-West oriented
flight-lines spaced at 125m an d flown at a nominal height of 100m using a fixed -wing aircraft (refer Figure 6).
North-South oriented tie-lines were spaced at 1.25-km.
Figure 5: High-Resolution Airborne Magnetic Data over Cesar Copper-Silver Project.
Image showing colour contours of the 1st Vertical Derivative of the Total Magnetic Intensity.
Analysis of the data has commenced with emphasis being placed on identifying geological structures that acted
the conduits for mineralized fluids. Results from the data analysis will be important in both refining existing targets
and identifying new ones.
Figure 6: Airborne Magnetic & Radiometric Survey Aircraft in Valledupar, Colombia .
Background
The Cesar Copper Silver Project comprises three districts: AM, Conejo and URU. Collectively the three contiguous
districts stretch over 120-km in NNE/SSW direction (refer to Figure 7).
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.
Figure 7: Location and Scale of the Cesar Copper Silver Project, NE Colombia.