Max Resource Executes Option to Acquire 100% of the RT Gold Property in Peru
Max Resource Executes Option to Acquire 100% of the RT Gold
Property in Peru
Vancouver B.C., September 29, 2020 – MAX RESOURCE CORP. (“Max” or the “Company”)
(TSX.V: MXR; OTC: MXROF; Frankfurt: M1D2) is pleased to report, in addition to its growing
land position in Col ombia, where the C ompany has established a first mover advantage at its
“Kupferschiefer Style” CESAR copper-silver project, it has successfully executed an Option
Agreement (“Agreement”) to acquire 100% interest in the RT Gold Property (“RT Gold”), consisting
of two contiguous mineral concessions located 760 -kilometres NW of Lima in the District of
Tabaconas, Peru (refer to Figure 1). Maintaining the option will require yearly payments of US
$300 thousand over four years and exercise of the option will require an additional US $3 million
payment on or before the fifth anniversary.
RT Gold sits along the Condor mountain chain of northern Peru, within the Cajamarca Metallogenic
belt. This geological belt is extending from Central Peru into Southern Ecuador, and hosts a number
of world class gold deposits.
Two distinct mineralized systems occur within RT Gold: the Cerro, a bulk tonnage gold -bearing
porphyry zone, and 3-kilometres to the NW, the Tablon, a gold-bearing massive sulfide zone.
The Cerro System hosts several known mineralized zones , including Peak, West, Breccia and
Cathedral, consisting of:
• Soil geochemistry of the Cerro Zone has outlined a 2.0-km by 1.5-km gold anomaly, open
in all directions grading from 0.1 to 4 g/t gold (refer to Figure 2);
• Soil geochemistry is coincident with IP chargeability;
• Within gold soil anomaly several veins and structures returned assays up to 62.9 g/t and
the wall rock 0.5 to 1 g/t gold;
• The Cerro zone has never been drill tested.
The Tablon Zone is located 3 -kilometres NW from Cerro and hosts numerous gold -bearing
massive to semi-massive sulphide bodies over a 150-metre by 450-metre area, within a larger
1.0-kilometre by 1.5-kilometre area of anomalous gold soil and rock geochemistry ( refer Figure
3). Highlight intersections from the 33 Tablon diamond drill holes completed in 2001 include:
• RT-06 returned 3.1 g/t gold over 21.4m from 9.1m;
• RT-11 returned 5.3 g/t gold over 17.1m from 12.0m;
• RT-13 returned 8.8 g/t gold over 25.4m from 13.4m;
• RT-22 returned 4.9 g/t gold over 14.1m from 40.8m;
• RT-25 returned 13.0 g/t gold over 36.1m from 33.0m;
• RT-29 returned 18.0 g/t gold over 16.4m from 35.0m.
Intervals are core lengths not true widths, which are unknown at this time. Source: NI43:101
Geological Report Rio Tabaconas Gold Project for Golden Alliance Resources Corp. by George
Sivertz, October 3, 2011.
The last field exploration on both the Cerro and Tablon zones was conducted over a decade ago.
The Max technical team is currently reviewing and digitizing all available data for subsequent
interpretation for target generation. A program of field verification by Max’s in- country team:
mapping, surveying and sampling is scheduled to follow. Concurrent with the verification program,
the Company will be initiating drill permitting.
“Max now has gold exposure in addition to copper and silver within Latin America. RT Gold
represents a significant achievement for the Company, with exploration targets carrying significant
widespread gold grades across two distinct mineralization styles within a prolific South American
gold belt,” said Max CEO, Brett Matich.
“The Max senior management, along with its key financiers, want to assure their shareholders the
Company remains fully committed to the CESAR copper-silver project. In fact, we are focusing on
expanding our land position within this key copper- silver basin and our Colombian field team
continues our aggressive exploration program. We are also expecting assay results from AM South
followed by AM North shortly,” he continued.
Figure 1. RT Gold Project location.
Figure 2. Cerro Zone.
Figure 3. Tablon Zone.
CESAR Copper-Silver Project Overview
The wholly-owned CESAR project in north east Colombia lies along a 120 -kilometre sediment-
hosted copper-silver belt, that resembles the Kupferschiefer in Poland. The CESAR region enjoys
major infrastructure. Mining operations include Cerrejon, the largest coal mine in Latin America,
jointly owned by global miners BHP Billiton, XStrata and Anglo American (Figure 4).
Figure 4. Location of the CESAR project
Important highlights and exploration activity on multiple fronts:
• AM North consists of a broad 11-kilometre continuous zone of stratabound copper-silver
mineralization and is open in all directions. The copper-silver zone also contains a high-
grade area with varying intervals grading 4.0 to 34.4% copper + 28 to 305 g/t silver (July
29, 2020). Two bulk samples extracted from each end of the 1.8-km discovery horizon,
returned 9.4% copper + 79 g/t silver and 3.5 % copper + 29 g/t silver (May 21, 2020);
• The AM South zone occurs 40 -km SSW of the AM North zone (refer Figure 1), within the
same Kupferschiefer style mineralized trend. The AM South zone extends over an area of
4-kilometres by 3-kilometres, and remains opens laterally. The cumulative strike length of
the open-ended AM South horizons exceeds 5.8-kilometres, returning highlight values of
5.8% copper and 80 g/t silver from 0.1 to 25 -metre intervals, suggesting these horizons
could be of significant size (July 14, 2020);
• Initial results from the Fathom Geophysics technical studies are expected soon. The study
was funded by the Company and one of the world's leading copper producers. These studies
are focus ed on mapping stratigraphic features and identifying distinct rock types and
alteration-zones, which will assist in highlighting stratabound copper-silver mineral horizons
over the CESAR target zone (Figure 1);
• Geochemical and mineralogical research programs by the University of Science and
Technology (“AGH”) of Krakow, Poland are well underway. AGH will bring their extensive
knowledge of KGHM’s world renowned Kupferschiefer sediment- hosted copper- silver
deposits in Poland to the CESAR project;
• Paper titled “Redbed type stratabound copper- silver discovery, eastern part of the Cesar-
Rancheria Basin, Colombia” has been accepted for presentation at the prestigious IV
Geological Congress, Poznań, Poland to be presented by AGH (September 1, 2020);
• Ongoing structural analysis of the CESAR target zone is being conducted by Ingeniería
Geológica Universidad Nacional de Colombia (“IGUN”) in Medellín, with the assistance of
the Max field team;
• The Company has also entered into two non-exclusive confidentially agreements regarding
the CESAR project: the first with one of the world’s leading copper producers, and a
second with a global mining company;
• Fathom, AGH and IGUN ongoing technical studies continue
• Our in-country field team activities are confirming the continuity of the mineralized horizons
and expanding the zones of AM North and AM South.
About Max Resource Corp.
With its successful exploration and management team , Max Resource Corp. is advancing its
stratabound Kupferschiefer type CESAR copper-silver project in Colombia and its newly acquired
RT Gold project in Peru. B oth have potential for the discovery of large -scale mineral deposits
attractive to 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 o f 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
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