Max Resource Reports Values of 24.8% Copper + 230 g/t Silver Over 4m by 1m Interval at the CESAR Project, Colombia
Max Resource Reports Values of 24.8% Copper + 230 g/t Silver Over 4m by 1m
Interval at the CESAR Project, Colombia
Vancouver B.C., March 4, 2020 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MXR; OTC: MXROF;
Frankfurt: M1D2) is pleased to report a high -grade outcrop discovery within AM North’s flat-lying, stratabound
copper + silver mineralized system. Assays from AMN-2 returned 24.8% copper + 230 g/t silver from a 4 -metre by
1-metre rock chip panel. AMN -2 lies 1.8 -km along s trike from the AMN -1 discovery. The copper mineralization
consisted of malachite, azurite, and chalcocite within the sandstone. Both discoverie s at the CESAR copper + silver
project, approximately 420-km north of Bogota, Colombia are open-ended and dip 20 degrees NW (refer to Figures
1, 2 and 3).
The CESAR mineralized zones appear to resemble a large sub-horizontal sheet, with the edges partly exposed. Max
is using rock chip sampling on the extensive surface exposure to identify structures, confirm strike continuity and
establish thickness, prior to drilling. The Company considers rock chip panel sampling to be representative across
their reported widths. CESAR consists of two distinct areas:
• AM North, located 40-km north of AM South, appears to share the same mineralized trend;
• The stratabound copper + silver mineralization at both, AM North and AM South, are hosted in a bedded
sandstone-siltstone similar to Kupferschiefer in Poland. Max cautions investors the copper + silver
mineralization at Kupferschiefer is not necessarily indicative of similar mineralization at Cesar.
“We were pleasantly surprised that the AM North discovery was made in just a one-day field reconnaissance. Given
the early stage success at both, AM North and AM South, we are confident in further exploration successes in 2020,”
Max CEO, Brett Matich, commented. “While the spectacular results reported today are noteworthy, we are working
on the premise of an average target grade of plus 1.5% copper with associated silver. Our exploration success
continues to support our belief that CESAR is a large -scale copper + silver mineralized system. Our field teams
continue to expand the known mineralization,” Mr. Matich continued.
CESAR Copper + Silver Project
The wholly-owned CESAR Project is located in north east Colombia within Jurassic sediments and volcaniclastics
that extend the length of northern South America and also host significant stratabound copper + silver
mineralization found both in Ecuador and Peru.
CESAR lies along a historic 120-km copper-belt within a sedimentary basin, the district has extensive infrastructure,
major oil-gas and coal operations, ports, townships, railways and roadways.
Considering the first pass exploration at CESAR commenced only in mid-November 2019, the Company has enjoyed
considerable success. Max’s exploration strategy is to unlock the potential of the CESAR district as an up and coming
world class copper and silver producing region.
PGE Americas Metals Corp
Max recently established “PGE Americas Metals Corp.” as a wholly-owned subsidiary, to hold its PGE Choco Project.
This is the first step towards building a portfolio of PGE assets with a focus on palladium, platinum and rhodium. The
intent is to unlock this value in a timely manner (refer to news release February 25, 2020).
The PGE Choco project is located 120 -km SW of Medellin Colombia, within a district with historical platinum
production of one million ounces (1906 -1990) by Choco Pacific Mining. Compilation of historical records revealed
the potential for related PGE’s par ticularly palladium and rhodium. In addition, recent field work in 2019 by Max
resulted in concentrate values of 114 g/t platinum (refer to news release April 16, 2019).
Colombia was the world’s main source of platinum until 1820 and was world’s largest producer between 1917 and
1923. Source: R.J. Fletcher and Associates (2011) Review of Gold and Platinum Exploration and Production in Choco
Province Colombia Part 3. Private Report for Condo to Platinum NL.
North Choco Gold and Copper Project
North Choco consists of wholly-owned mineral applications, located approximately 80-km SW of Medellin, Colombia.
The NW Gold-Copper Discovery (refer to October29, 2019 news release) outcrop reported 1-metre of 49.8 g/t gold
and 4.3% copper, continuing under cover in both directions. Future work will focus on mapping and sampling along
strike to extend the zone and on locating additional parallel zones.
Quality Assurance
The rock chip samples were shipped to ALS Lab's sample preparation facility in Medellin, Columbia. Sample pulps
are sent to Lima, Peru for analysis. All samples were analyzed using ALS procedure ME- MS41, a four-acid digestion
with ICP finish. Over limit copper and silver were determined by ALS procedure OG-62, a four-acid digestion with an
AAS finish. ALS Labs is independent from Max. Max is not aware of any other factors that could materially affect the
accuracy or reliability of the data referred to herein.
About Max Resource Corp.
Max, a mineral exploration company with an experienced and successful management team, is focused on advancing
its copper, silver and precious metals landholdings in the rich mineral belts of Colombia, with potential for the
discovery of large-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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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", "anticipat e",
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on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially fr om those anticipated in the forward- looking statements including, but not limited to
delays or uncertainties with regulatory approvals, including that of the TSXV. There are 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 upda te 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 Canadian securities regulators, which filings are available at www.sedar.com