Max Resource Reports High-Grade Assays at AM-14, Cesar Project including 2.2% Copper and 12.8 g/t Silver over 5.2m
Max Resource Reports High-Grade Assays at AM-14, Cesar Project including
2.2% Copper and 12.8 g/t Silver over 5.2m
Vancouver B.C., March 25, 2024 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MAX; OTC: MXROF;
Frankfurt: M1D2) is pleased to announce it has received high-grade assay results from rock chip channel sampling
collected at the AM-14 target in the AM District of its wholly -owned Cesar Copper- Silver Project in N ortheast
Colombia (see Figure 1).
Highlights
The assays at AM-14 confirm copper-silver stratiform mineralization at Cesar is extensive and demonstrate
significant thickness:
• Results include 2.2% copper & 12.8 g/t silver over 5.2m and 4.8% copper & 53.6 g/t silver over 2.2m;
• AM-14 lies along a 15-km corridor of high-grade, stratiform copper silver mineralization (refer to Figure 1);
• Four distinct copper silver mineralized horizons have been discovered at AM-14 (refer to Figure 2).
“We are elated to confirm that high-grade copper and silver assay results over substantial widths from the
numerous outcrops at AM -14 not only confirm our thesis of Kupferschiefer style mineralization but also
substantiate our belief that the 15 -km corridor of mineralization has the potential to host a significant deposit ,”
commented MAX CEO, Brett Matich
"MAX's field team is currently expanding the exploration foot print at AM -14 to define the limits of the copper
silver mineralization and to obtain a thorough understanding of the multiple mineralized horizons both in the
context of AM-14 and equally important, in the context of the Cesar Basin," he concluded.
Description of the Mineralisation
Mineralization is hosted in layers of medium to fine-grained sandstone rich in organic material. The copper silver
bearing horizons are distributed across 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 3 and Figure 4).
All four of the outcropping mineralized beds are open along strike with copper silver bearing sandstone horizons
traced for up to 285m along strike. Crews continue to map the area in deal with the goal of extending the footprint
of mineralization. Assays from the two remaining outcrops discovered at AM-14 are pending and will be released
when received.
Figure 1: Image showing 15-km corridor of high-grade copper silver mineralization at AM.
Figure 2: Image Showing Location of 4 Mineralized Horizons at AM-14
Figure 3: Results from Recently Discovered Mineralized Outcrop 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 4: Newly Discovered Mineralized Outcrop at Target AM-14.
Figure 5: Image Showing Recent Assay Results at Target AM-14
Results
Assay results from continuous chip channel samples collected at two different locations at the AM-14 target are
presented in Table 1 and Table 2 below.
Table 1: Assay Results from Sandstone Outcrop at AM-14
Sample
Number
UTM Coordinates (WGS84 Z18N) Host Rock Width Cu Ag
Easting (m) Northing (m) (m) % (g/t)
504583 760,453 1,214,550 Sandstone 1.2 2.02 20.04
504584 760,453 1,214,549 Sandstone 1.0 7.40 93.90
Weighted Average Assay Result 2.2 4.8 53.6
Table 2: Assay Results from Mineralized Sandstone Outcrop at AM-14
Sample
Number
UTM Coordinates (WGS84 Z18N) Host Rock Width Cu Ag
Easting (m) Northing (m) (m) % (g/t)
511174 761233.00 1214319.00 Sandstone 1.0 2.92 13.4
511175 761233.14 1214318.01 Sandstone 1.0 1.54 12.1
511176 761233.28 1214317.02 Sandstone 1.0 2.16 12.3
511177 761233.42 1214316.03 Sandstone 1.0 3.97 26.4
511178 761233.56 1214315.04 Sandstone 1.2 0.63 2.1
Weighted Average Assay Result 5.2 2.2 12.8
Quality Assurance
All CESAR rock chip samples are shipped to ALS Lab's sample preparation facility in Medellin, Colombia. Sample
pulps sent to Lima, Peru, for analysis. All samples were 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.
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.