Max Resource Extends the URU High-Grade Discovery 750 Metres to the East
Max Resource Extends the URU High-Grade Discovery 750 Metres to the East
Vancouver B.C., June 13, 2022 ʹ DyZ ^KhZ KZW͘;͞DĂdž͟ŽƌƚŚĞ͞ŽŵƉĂŶLJ͟Ϳ;d^y͘s͗DAX; OTC: MXROF;
Frankfurt: M1D2) is please to report a newly discovered +15m thick copper-silver outcrop, located 750m east and on
trend of the URU Discovery. The URU Discovery forms part of the 20-kilometre-long URU zone, which lies along the
southern portion of the ŽŵƉĂŶLJ͛Ɛwholly owned Cesar copper-silver project in northeastern Colombia (refer Figure 1).
The new chalcocite bearing outcrop exposure was chip channel sampled over 1.0m increments and assays are pending.
Field crews are following-up along the new 750m mineralized trend. It appears, the URU discovery and the new outcrop
represent the same copper-silver mineralized structure that dips to the south and extends east-west (refer to Figures 2,
3 and 4).
The URU Discovery now extends NNE over 290m and 750m East, with a combined vertical elevation of 322m. At the URU
Discovery, chip channel sampling returned the following assays: at the base level in the valley bottom assays returned
7.0m @ 8.5% copper + 143 g/t silver (true thickness); 6.0m higher in elevation samples returned 16.8m @ 8.3% copper +
146 g/t silver (true thickness); and 190m above the valley bottom and 290m NNE from the base level chip channel
samples returned 48.0m at 5.3% copper + 44 g/t silver (along a ridge). The newly discovered mineralized outcrop located
750m east from the URU Discovery is +15m thick where assays are pending (refer to Figure 2 and Drone Video).
In addition, Max has commenced a ground Induced Polarisation and magnetic survey over the URU Discovery zone. This
survey will form part of drill planning and targeting of high-grade copper-silver mineralization (refer to Figure 5).
͞The objective of the field work and the geophysical survey is to expand the URU Discovery footprint and prepare for
drilling, which will be conducted by Kluane Drilling of Colombia, as we have now finalized the contract͕͟commented Max
CEO, Brett Matich.
͞Max is cashed up with over $21 million in the treasury and $8 million in-the-money warrants and stock options. Ongoing
regional exploration continues along the Cesar 90-kilometre copper silver belt͕͟ŚĞĐŽŶĐůƵded.
Figure 1. CESAR 90-km copper-silver belt Figure 2. New URU outcrop 750m east of URU Discovery
(Click the play icon to view URU Discovery drone video)
Figure 3. New +15m thick outcrop, channel assays pending Figure 4. New URU Discovery outcrop
Figure 5. URU ground geophysical survey lines
Cesar Copper Silver Project
CESAR lies along the copper-silver rich 200-kilometre-long Cesar Basin in northeastern Colombia. 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. Max͛Ɛ mining concessions cover an area in excess of 180-km².
Max has a co-operation agreement with Endeavour Silver Corp. (TSX: EDR, NYSE: EXK), which assists Max to significantly
expand its 100% owned landholdings at CESAR, Endeavour will hold underlying 0.5% NSR (refer to March 21, 2022, NR).
Max is focusing on three major copper-silver zones individually located along the CESAR 90-kilometre-long belt, with the
objective of expanding the zones and defining drill targets:
x The 32-km long AM zone with highlight values of 34.4% copper and 305 g/t silver
x Conejo zone, averages 4.9% copper (2% cut-off) over 3.7-km
x 20-km long URU zone returned 7.0m @ 8.5% copper + 143 g/t silver and 16.8m @ 8.3% copper + 146 g/t silver
URU ground geophysical survey lines
Quality Assurance
All CESAR rock chip samples are shipped to ALS Lab's sample preparation facility in Medellin, Colombia. Sample pulps are
then sent to Lima, Peru, for analysis. All samples are analyzed using ALS procedure ME-MS41, a four-acid digestion with
inductively coupled plasma finished. Over-limit copper and silver are determined by ALS procedure OG-62, a four-acid
digestion with an atomic absorption spectroscopy finish. ALS Labs is independent from Max.
Qualified Person
dŚĞŽŵƉĂŶLJ͛ƐĚŝƐĐůŽƐƵƌĞŽĨa technical or scientific nature in this news release was reviewed and approved by Tim
Henneberry, P Geo (British Columbia), a member of the Max Resource Advisory Board, who serves as a qualified person
under the definition of National Instrument 43:101.
About Max Resource Corp.
Max Resource Corp. (TSXV: MAX) is a mineral exploration company advancing the newly discovered district-scale Cesar
copper-silver project. The wholly owned ĞƐĂƌƉƌŽũĞĐƚƐŝƚƐĂůŽŶŐƚŚĞŽůŽŵďŝĂŶƉŽƌƚŝŽŶŽĨƚŚĞǁŽƌůĚ͛ƐůĂƌŐĞƐƚƉƌŽĚƵcing
copper belt (Andean belt), with world class infrastructure and the presence of global majors (Glencore and Chevron).
Max is proactive in the goal of moving the Cesar basin towards the mining of copper, the key metal for the ǁŽƌůĚ͛Ɛ
transition to clean energy.
In addition, Max controls the RT Gold project (100% earn-in) in Peru, encompassing a bulk tonnage primary gold
porphyry zone, and 3-km to the NW, a gold bearing massive sulphide zone. Historic drilling in 2001, returned values
ranging 3.1 to 118.1 g/t gold over core lengths ranging from 2.2 to 36.0-metres.
Source: NI 43:101 Geological Report Rio Tabaconas Gold Project for Golden Alliance Resources Corp. by George Sivertz,
Oct.3, 2011
For more information visit: https://www.maxresource.com/
For additional information contact:
Tim McNulty
T: (604) 290-8100
Rahim Lakha
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