MAX Resource Files Ni 43-101 Technical Report FOR Its Rt GOLD Project, PERU
MAX RESOURCE FILES NI 43-101 TECHNICAL REPORT FOR ITS RT GOLD PROJECT, PERU
Vancouver B.C., June 29, 2022 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MXR; OTC: MXROF;
Frankfurt: M1D2) is pleased to announce the filing of a technical report for its RT Gold Project, located 760-km NNW
of Lima in the District of Tabaconas, Department of Cajamarca, Peru. This report, dated March 8, 2023, is titled “RT
Gold Project, Cajamarca, Peru” was prepared for Max Resource Corp., by Qualified Person (“QP”) Luis Rodrigo Peralta
FAusIMM CP (Geo) in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI
43-101"). The report can be found on the Company's website at https://maxresource.com and on SEDAR at
www.sedar.com under the Company’s Issuer Profile.
“The RT Gold report validates the true potential of the two distinct gold-bearing systems; the CERRO bulk tonnage
porphyry zone, and 3-km NW lies, the TABLON massive sulfide zone,” commented Max CEO, Brett Matich.
“The new TABLON diamond core assays demonstrate the exceptional near surface high-grade-gold drill results and
associated credits of copper, silver and zinc over substantial intervals,” he continued.
“The next step is to conduct an environmental survey in preparation for a drilling program to further expand TABLON
and to test the outstanding intrusive target at CERRO which has never been drilled,” he concluded.
Highlight 2021 drill core re-assay results:
Interval Gold Silver Copper Zinc From DDH No.
26.5m 10.8 g/t 20.7 g/t 0.12% 0.29% 13.4m RT-13
26.3m 3.3 g/t 14.9 g/t 0.25% 0.25% 8.2m RT-6
20.3m 2.2 g/t 4.2 g/t 1.80% 0.29% 9.6m RT-7
10.5m 4.7 g/t 7.9 g/t 0.09% 0.02% 10.7m RT-11
8.6m 6.6 g/t 6.1 g/t 0.05% 0.01% 12.8m RT-15
4.9m 40.1 g/t 12.8 g/t 0.11% 0.04% 16.2m RT-16
12.5m 3.5 g/t 5.2 g/t 0.10% 0.04% 39.4m RT-22
16.4m 3.8 g/t 5.0 g/t 0.07% 0.04% 34.9m RT-29
RT Gold sits along the Cajamarca Metallogenic belt, extending north from Central Peru into Southern Ecuador. This
prolific belt hosts a number of world class deposits; In Ecuador, the Fruta Del Norte¹ discovery of 15.49Mozs Au,
Mirador² with 2.67Mt Cu and 2.74Mozs Au (2008) and the new discovery by Solaris Resources at its Warintza4 deposit
with 2.7Mt of Cu and 0.93Mozs Au. On the Peruvian side; Newmont’s Yanacocha³ 8.61Mozs gold (refer to Figure 1).
CERRO hosts several mineralized zones. Soil geochemistry has outlined a 2.0 by 1.5-km gold anomaly, open in all
directions with gold values ranging from 0.1 to 4.0 g/t. The soil geochemistry is coincident with IP chargeability. A
continuous channel sample across the zone assayed 3.3 g/t gold over a width of 25.5m.
TABLON was drilled in 2001 by Golden Alliance Resources Corp. In February 2021, Max obtained the historic drill core
and commenced a re-logging and resampling campaign. The resampling results confirmed thickness and grade of the
2001 historical drill intercepts and reasonably well reproduce the reported grades.
In addition, the gold-bearing mineralization is associated with highly anomalous silver and copper values. The multi
element suite of data will allow Max to examine metal ratios and zoning patterns for target generation and geological
interpretation purposes (refer Figures 2 to 4 and Table 1 and 2).
Figure 1. RT Gold location. Figure 2. CERRO and TABLON gold geochemistry, TABLON drill hole locations.
Figure 3. RT-6 diamond drill core 14.02 to 16.83m.
Figure 4. Re-logging historic 2001 diamond drill core.
Table 1. TABLON comparative table between historical (2001) and Max Resource intercepts (2021).
True widths and orientations are currently unknown.
ICP/AA - FA ICP/AA - FA
Gold (g/t) Gold (g/t) Silver (g/t) Co pper (ppm) Zinc (ppm)
RT-1 13.50 15.00 1. 50 1.16 RT-1 13.90 14.45 0.55 15.85 6.7 433 535
RT-2 39.50 39.94 0.44 44.05 RT-2 37.80 39.80 2.00 17.44 6.7 1,851 1,959
RT-3 62.18 62.85 0.67 49.99 RT-3 62.20 62.85 0.65 0.28 0.5 131 101
and 105.76 106.10 0.34 54.89 and 86.80 88.30 1.50 0.81 1.7 205 141
and 107.20 107.60 0.40 15.65 7.8 8,440 865
RT-4 7.85 11.90 4.05 2.23 RT-4 7.90 11.80 3.90 3.13 28.6 1,967 31,417
and 18.02 20.29 2.27 2.67 and 18.45 20.30 1.85 2.55 13.4 1,560 37,818
and 26.29 28.42 2.13 2.61 and 25.25 27.65 2.40 1.34 3.7 345 3,980
RT-6 9.07 30.48 21.41 3.10 RT-6 8.15 34.50 26.35 3.31 14.9 2,529 2,546
including 9.07 15.24 6.17 5.48
RT-7 10.08 30.00 19.92 2.41 RT-7 9.60 29.85 20.25 2.20 4.2 18,010 2,855
including 10.08 12.55 2.47 4.55
RT-11 12.01 29.10 17.09 5.32 RT-11 10.67 21.20 10.53 4.68 7.9 904 233
including 15.54 18.20 2.66 14.20
RT-12 17.41 21.76 4.35 4.71 RT-12 17.41 21.75 4.34 5.62 64.3 555 292
RT-13 13.41 38.83 25.42 8.78 RT-13 13.41 39.90 26.49 10.82 20.7 1,230 2,905
including 19.85 22.75 2.90 19.81 including 20.20 23.60 3.40 20.21 41.0 1,569 101
including 31.21 38.83 7.62 12.61 including 31.00 37.75 6.75 18.40 23.7 2,243 9,731
including 33.72 34.72 1.00 28.24
RT-14 17.68 19.36 1.68 5.47 RT01-14 17.68 19.35 1.67 5.75 33.8 456 1,028
RT-15 12.80 19.20 6.40 5.85 RT-15 12.80 21.40 8.60 6.57 6.1 540 123
RT-16 16.17 20.07 3.90 13.18 RT-16 16.17 21.05 4.88 40.13 12.8 1,104 389
RT-18 20.90 23.50 2.60 0.01
RT-21 1.52 10.97 9.45 5.08 RT-21 1.50 10.95 9.45 3.99 4.7 241 731
RT-22 8.45 9.50 1.05 2.58 RT-22 8.55 9.50 0.95 4.87 6.4 785 62
and 31.39 33.80 2.41 3.21 and 31.39 34.85 3.46 0.77 2.3 1,301 516
and 40.75 54.86 14.11 4.85 and 39.35 51.90 12.55 3.46 5.2 10,020 357
RT-25 33.00 36.10 3.10 12.97 RT-25 0.00 10.50 10.50 1.54 31.1 6,748 3,028
including 33.00 34.00 1.00 33.30 and 18.80 20.00 1.20 1.16 51.7 17,650 3,640
and 33.00 36.00 3.00 8.70 29.3 13,067 652
RT-26 - 6.00 6.00 6.95 RT-26 3.05 6.00 2.95 5.08 17.1 2,312 5,940
including 1.00 2.00 1.00 17.37 and 9.70 13.20 3.50 0.51 8.3 1,798 2,057
and 12.02 13.00 0.98 2.80 and 17.00 26.50 9.50 0.50 28.5 6,710 1,095
and 17.00 18.00 1.00 2.98
RT-27 9.76 12.00 2.24 1.49 RT-27 9.76 12.40 2.64 1.01 35.2 12,280 729
and 26.00 27.00 1.00 1. 43 and 25.70 27.00 1.30 1.42 32.5 6,710 1,095
RT-28 1.52 10.54 9.02 1.93 RT-28 1.52 28.65 27.13 1.43 6.4 1,375 1,757
and 18.35 28.10 9.75 2.21 including 22.85 25.95 3.10 7.94
including 23.34 25.71 2.37 5.99
RT-29 1.20 8.00 6.80 2.75 RT-29 1.20 8.00 6.80 2.86 3.2 1,107 282
and 34.85 51.25 16.40 17.99 and 34.85 51.25 16.40 3.78 5.0 710 367
including 42.00 44.15 2.15 118.10
including 41.00 45.00 4.00 7.96 11.9 682 751
RT-30 79.60 89.94 10.34 0.18 4.6 780 1,397
Historical intercepts (2001) Max Resource intercepts (2021)
DDH
Number From (m) To (m) Interval (m) DDH
Number From (m) To (m) Interval (m)
DDH
Number
UTM E
DATUM PSAD 56
UTM N
Garmin 12 GPS
Elevation (m)
Garmin 12 GPS
Azimuth
North 360°
Dip
Horizontal 0°
Length Measured
From collar (m)
RT-1 706462 9418622 1918 355 -45 126.19
RT-2 706448 9418611 1916 355 -45 57.92
RT-3 706479 9418667 1955 340 -45 142.65
RT-4 706436 9418644 1948 147 -75 33.54
RT-6 706436 9418644 1948 127 -75 42.68
RT-7 706436 9418644 1948 115 -66 31.71
RT-11 706434 9418684 1985 310 -45 34.75
RT-12 706434 9418684 1985 310 -65 35.67
RT-13 706434 9418684 1985 280 -45 41.76
RT-14 706434 9418684 1985 280 -65 40.24
RT-15 706434 9418684 1985 344 -50 30.79
RT-16 706410 9418661 1976 310 -45 25.91
RT-21 706384 9418645 1976 - -90 24.4
RT-22 706353 9418697 2016 155 -45 69.21
RT-25 706144 9418499 2016 310 -45 39.94
RT-26 706144 9418499 2016 330 -45 33.53
RT-27 706144 9418518 2026 215 -45 45.73
RT-28 706397 9418691 1999 - -90 36.28
RT-29 706397 9418691 1999 180 -60 80.80
Table 2. TABLON 2001 summary of drill collars coordinates, azimuth, dip and length measured from collar.
Next Steps
Commencement of the environmental survey which is a requirement for the drilling application.
Max Resource has exclusive rights to earn 100% of the RT Gold Project
On September 16, 2020, Max optioned the RT Gold Project, which consists of two contiguous mineral concessions
within the district of Tabaconas, Peru. On November 4, 2021, the option agreement was amended to change the
dates of the payment required.
In accordance with the amended option agreement, Max has the exclusive right to earn a 100% interest, the company
must pay the vendors: USD$300,000 on execution of the agreement (paid); USD$300,000 on or before October 20,
2021 (paid); USD$150,000 on or before March 20, 2023 (paid); USD$150,000 on or before March 20, 2024;
USD$300,000 on or before March 20, 2025; USD$300,000 on or before March 20, 2026; USD$3,000,000 on or March
20, 2027. Upon acquiring a 100% interest, the vendors will retain a 2.5% net smelter royalty on the commercial
production.
Sources:
1. Amended NI43-101 Technical Report Fruta Del Norte Mine Ecuador. By: R.Hochstein, D.El Rassi, J.Cox, N.Lincoln, N.Hemrajani Singh for
Lundin Gold Inc. Dated 2023-Mar-29.
2. Technical Report Update on the Copper, Gold, and Silver Resources and Pit Optimizations: Mirador and Mirador Norte Deposits. By:
G.Sivertz, S.Ristorcelli, S.Hardy for Corriente Resources Inc. Dated 2006-Nov-30.
3. NI 43-1
01 Technical Report for the Warintza Project, Ecuador. By: M.Rossi for Solaris Resources Inc. Dated 2022-Apr-
01.
4. Newmont Corporation 2022 Mineral Reserves Release dated 2023-Feb-23.
Qualified Person
The Company's disclosure of a technical or scientific nature in this news release was reviewed and approved by Tim
Henneberry, PGeo (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 CESAR project sits along the Colombian portion of the world’s largest
producing copper belt (Andean belt), with world class infrastructure and the presence of global majors (Glencore and
Chevron).
In addition, Max controls the RT Gold project (100% earn-in) in Peru, encompassing two distinct systems, CERRO a
bulk tonnage gold-bearing porphyry zone, and 3-km to the NW, TABLON a gold-bearing massive sulfide zone. Historic
drilling in 2001 at TABLON, returned values ranging 3.1 to 118.1 g/t gold over core lengths ranging from 2.2 to 36.0-
metres.
Max is proactive, with the corporate goal of transitioning the CESAR basin towards the mining of copper, the key
metal for Colombia’s transition to clean energy. The safety of our people and the communities where we operate is
most important. We conduct exploration in a manner which supports protection of ecosystems through responsible
environmental stewardship.
Source: NI 43:101 RT Gold Project by Qualified Person (“QP”) Luis Rodrigo Peralta FAusIMM CP (Geo), 2023.
For more information visit: https://www.maxresource.com/
For additional information contact:
Tim McNulty E: [email protected] T: (604) 290-8100
Rahim Lakha E. [email protected]
Brett Matich T. (604) 484 1230
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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 frequently characterized by words such as "plan", "expect", "project", "intend", "believe",
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uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the
commercialization 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
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