Max Resource Establishes Subsidiary for Palladium, Platinum, Rhodium Resource Assets
Max Resource Establishes Subsidiary for Palladium, Platinum,
Rhodium Resource Assets
Vancouver B.C., February 25, 2020 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V:
MXR; OTC: MXROF; Frankfurt: M1D2) reports the establishment of a wholly -owned subsidiary
named “PGE Americas Metals Corp.” whereby the Company has transferred all of its rights in the PGE
Choco Project. This is the first step towards building a portfolio of PGE assets with a targeted focus
on palladium, platinum and rhodium in order to capitalize on real world technology metal deficits.
The corporate intent is to unlock this value in both, an accelerated and timely manner.
PGE Choco Project - Platinum Group Elements
The wholly owned PGE Choco project is located 120 km SW of Medellin Colombia, within an historical
PGE region, recorded production of one million ounces of platinum (1906 -1990) by Choco Pacific
Mining. Compilation of historical records revealed the potential o f related PGE’s , particularly
palladium and rhodium. In addition, recent field work by Max resulted in highlight concentrate values
of 114 g/t platinum from a field program in 2019 (refer to news release April 16, 2019). Colombia
was the world’s main source of platinum until 1820 and was world’s largest producer between 1917
and 1923. Source: R.J. Fletcher and Associates (2011) Review of Gold and Platinum Exploration and
Production in Choco Province Colombia Part 3. Private Report for Condo to Platinum NL.
“Current demand for palladium, platinum and rhodium outstrips supply and increasingly stringent
environmental regulations are forcing auto makers to use more of these metals. We are adopting a
sum of the parts strategy in creating a PGE metals subsidiary and consequently compounding
shareholder value, “commented Brett Matich, CEO of Max.
“Max’s CESAR Phase II exploration program is in full swing and we eagerly await the very first initial
assay results from AM North located on trend, 35 km north of the AM South discovery,” he continued.
CESAR Copper and Silver Project
The wholly owned CESAR Project is located in n orth east Colombia within Jurassic sediments and
volcaniclastics that run through the length of n orthern South America, hosting significant
stratabound copper-silver mineralization in also Ecuador and Peru.
CESAR lies along a historic 120 km copper-belt within an oil-gas and coal mining district, the region
has significant infrastructure, oil-gas and coal operations, ports, townships, railways and roadways.
First pass exploration at CESAR commenced in mid-November 2019, success to date;
• Highlight grades of 5.4% copper and 116g/t silver spread over 15 sq. km;
• The “AM South” copper and silver discovery extends to 5 km on strike, open in all directions
with indications of significant lateral continuity;
• “AM North” is located 35 km north of “AM South” and follows the same mineralized trend;
• Phase II Program well underway
Max’s explora tion strategy is to unlock the potential of the CESAR district as the world’s up and
coming copper and silver producing region.
North Choco Gold and Copper Project
North Choco consists of wholly-owned mineral applications (150 sq. km), located approximately 80
km SW of Medellin, Colombia. The NW Gold -Copper Discovery (refer to October 29, 2019 news
release) outcrop reported 1 meter of 49.8 g/t gold and 4.3% copper, which continues under cover in
both directions. Future work will focus on mapping and sampling along strike to extend the zone and
on locating additional parallel zones. Max is assessing opportunities.
About Max Resource Corp.
Max is a mineral exploration company with an experienced and successful management team focused
on advancing the development of its copper , silver and precious metals landholdings in the rich
mineral belts of Colombia, with significant potential for the discovery of large-scale mineral deposits
that can attract major partners.
Tim Henneberry, P Geo (British Columbia), a member of the Max Resource Advisory Board, is the
Qualified Person who has reviewed and approved the technical content of this news release on behalf
of the Company.
For more information visit: https://www.maxresource.com/
For additional information contact:
Max Resource Corp.
Tim McNulty
T: (604) 290-8100
Neither 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
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of
applicable securities law. Forward-looking information is frequentl y characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or condit ions
"may" or "will" occur. Forward-looking statements are based on the opinio ns and estimates at the date the statements are
made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with
regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including
factors beyond the Company’s control. There are no assurances that the commerci alization plans for Max Resources Corp.
described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no
obligation to update forward -looking information if circumstances or management's estimates or opinions should change
except as required by law. The reader is cautioned not to place undue reliance on forward- looking statements. Additional
information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with
Canadian securities regulators, which filings are available at www.sedar.com