Max Resource Reports Petrographic Study of Stratabound Copper-Silver Mineralization at Cesar
Max Resource Reports Petrographic Study of Stratabound
Copper-Silver Mineralization at Cesar
Vancouver B.C., January 29, 20 20 – MAX RESOURCE CORP. ( “Max” or the “Company” ) (TSX.V: MXR; OTC: MXROF;
Frankfurt: M1D2) is pleased to report the results of a petrographic study of the 1.4 km long AM Horizon, and four other
locations within the Company’s 100% owned Cesar copper-silver project, located 420 km north of Bogota, Colombia.
The petrographic analysis of sample rocks was conducted by John G. Payne, Ph.D., P.Geo. of Vancouver Petrographics Ltd.
Copper minerals observed in petrographic samples are chalcocite, covellite, native copper, azurite, malachite, chrysocolla
and silver. The copper-silver mineralization identified on the Cesar property is a stratabound type and is hosted in siltstone
and sandstone associated with reduced facies within the sediments of the Rancheria Basin (Refer to Figure 1 & 2). The
Company cautions inv estors that grab samples are selected samples and are not necessarily representative of
mineralization hosted on the property.
Assay results of petrographic grab samples:
• 4.51% copper and 39.5g/t silver for AM Horizon;
• 3.11% copper and 27.5g/t silver for Target B;
• 2.71% copper and 6.3g/t silver for Target C;
• 3.0% copper and 35.6g/t silver for Target E; and
• Assay results are pending for Target D.
“The petrographic study identified copper minerals and silver, an important by-product, which further reinforces the Cesar
regional model. Our Phase II field program is underway and we will continue to conduct rock chip and panel sampling
across stratigraphy which the Company considers to be representative of in-situ mineralization. This program will assist in
prioritizing targets for our Phase III drilling program. We expect further assay results very soon,” Max CEO, Brett Matich,
stated.
“The Max field team is currently investigating what appears to be another mineralized horizon located approximately 40
km north of the newly discovered AM Horizon which would be very significant from a regional prospective,” he continued.
Figure 1. The blue-green mineral observed on the thin section of AM Horizon is malachite.
Figure 2. The blue mineral observed in the hand specimen and thin section of Target B is azurite.
Figure 3. Petrographic location map, rock chip panel assays and AM Horizon discovery.
The analysis of the petrographic grab samples was completed at the ALS Minerals Laboratory in North Vancouver, B.C.
ALS has an ISO/IEC 17025:2005 accreditation.
Max recently reported an entirely new discovery, called the AM Horizon, a NE-SW stratabound copper-silver horizon in
excess of 1.4 km, which appears to continue under cover in both directions. The mineralized system dips approximately
40 degrees to the NW on the Company’s 100% owned Cesar copper -silver project (Refer to Figure 3 & NR January 21,
2020).
Rock chip and panel samples, considered to be representative samples across their reported widths, were collected across
mineralized outcrop zones and included highlight values of:
• 2.7% copper and 17.9g/t silver over 0.5m;
• 2.1% copper and 8.8g/t silver over a 3m by 3m panel; and
• 1.6% copper and 8.2g/t silver over a 3m by 3m panel.
Cesar Copper-Silver Project
The 100% owned Cesar Project is located in north east Colombia within Jurassic sediments and volcaniclastics that run
through the length of northern South America and host significant stratabound copper-silver mineralization in Ecuador
and Peru. Worldwide deposit examples include the Copperbelt of Central Africa and the Kup ferschiefer of Germany and
Poland. Max cautions investor s that the presence of stratabound copper -silver mineralization at Co pperbelt and
Kupferschiefer is not necessarily indicative of similar mineralization at Cesar.
Historically, the Cesar copper belt has only been explored from a local context, but never in a broader larger- scale
perspective. The initial exploration program identified 19 distinct mineralized copper occurrences over an area of 9 sq.
km, which is open in all directions.
The first part of the P hase 1 exploration program previously reported g rab sample assays rang ing from 0.3% to 4.2%
copper with: 34 of the 43 assaying in excess of 1% copper, 15 of the 43 assaying in excess of 2% copper, and 4 of the 43
samples assaying in excess of 3% copper. Silver values ranged from 1 to 116g/t. The Company cautions investors that grab
samples are selected samples and are not necessarily representative of mineralization hosted on the property.
North Choco Gold-Copper Project
North Choco consists of wholly owned mineral applications ( 150 sq. km), located approximately 80 km SW of Medellin ,
Colombia. The recent NW Gold -Copper Discovery (refer to 29 October 2019 news release) outcrop reported 1 meter of
49.8 g/t gold and 4.3% copper, which continues under cover in both directions. The targe t area is also coincident with a
Long Wave InfraRed (LWIR) anomaly and with elevated gold-copper soil values. Future work would focus on mapping and
sampling along strike to extend the zone and on locating additional parallel zones.
Choco Gold Project
Choco Gold project consists of wholly owned mineral applications (150 sq. km), located approximately 120 km SW of
Medellín Colombia and cover or are adjacent to historic production of 605,110 ounces of gold by Choco Pacific Mining
(1906 to 1990). Source; R.J. Fletcher and Associates (2011) Review of Gold and Platinum Exploration and Production in
Choco Province Colombia Part 3. Private Report for Condoto.
The Company has commenced discussions with a potential partner with the prerequisite expertise to assist with the gold
bearing conglomerates.
About Max Resource Corp.
Max is a mineral exploration company with an experienced and successful management team focused on advancing the
development of its landholdings in the rich mineral belts of Colombia, with significant potential for the discovery of
important-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
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