Max Resource Secures Ex-Collective Mining’s Technical and Logistical Team Leaders, Reuniting Key Management for its Mora Gold-Silver Project in Colombia
Max Resource Secures Ex-Collective Mining’s Technical and Logistical Team
Leaders, Reuniting Key Management for its Mora Gold-Silver Project in Colombia
Vancouver B.C., September 17, 2025 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MAX; OTC: MXROF;
Frankfurt: M1D2) is pleased to report the new appointment of Mr. Sergio Cocunubo as Head Geologist, reuniting with
key Technical Advisor Dr. Chris Grainger and Community Relations specialist Mr. John Henao, all key members of the
Collective Mining and the Continental Gold team that developed the Buritica Au-Ag deposit, sold to Zijin Mining for
US $1.4 billion. These three experts will lead the exploration and development of the Max’s recently acquired Mora
Gold-Silver Project (“Mora Property” or “Mora Project”) located within the Marmato Gold District of Colombia.
Highlights:
• Mr. Cocunubo, the newly appointed Head Geologist has extensive experience along Colombia’s productive
Cauca Belt including the role of Senior Exploration Geologist for Collective Mining’s (TSX: CNL, NYSE: CNL)
neighbouring Guayabales Project.
• Mr. Cocunubo reunites with Co-Founder of Collective Mining, Dr. Grainger who acts as Technical Advisor.
• In addition, he reunites with Collective Mining’s Community Relations and Logistics specialist, Mr. John
Henao acts in this same role for Max.
“We are please to have these 3 strategic individuals who have played such vital roles in developing the most active
and valued precious metals belt in Colombia. Their addition as key members of the Max team is a testament to the
potential that Max sees as we advance the newly acquired Mora Project,” says Max CEO Brett Matich.
“The Mora Property lies in the heart of the Marmato District, directly south of Collective Mining’s Guayabales Project
abutting the western and southern boundaries and Aris Mining’s Marmato Operations abuts along the 2.8 km eastern
boundary. Mr. Cocunubo’s unique tie to the Marmato District, subsequent experience and expertise at Guayabales will
no doubt add immense value to the Company and its Shareholders,” he concluded.
“I am excited to be heading the exploration and development of the Mora Property, where there has been primitive to
limited exploration to date. The Marmato-gold-silver-type potential is confirmed by the extensive series of exposed
mineralized “polymetallic” veins together with numerous historic and active artisanal underground mines,” says Max
Head Geologist Sergio Cocunubo.
“In addition, Aris Mining’s Marmato Operations have recently confirmed the discovery of high-grade porphyry
environment at depth, which together with porphyry-type environment characteristics of Collective Mining’s
Guayabales Project, increases the probability of the existence of the same type of mineralizing environment within the
Mora Property, since these systems are typically generated in clusters,” he concluded.
https://www.youtube.com/watch?v=Ob-AFDysVwo
Figure 1: Polymetallic Structures, Mines, Assays, Marmato (2012¹), Apollo Discovery.
https://www.maxresource.com/images/gallery/MAX_Mora-Gold-Silver_Maps-&-Figures_167.jpg
Mr. Cocunubo holds a Masters’ Degree in Economic Geology with a specialization on Mining Exploration from the
Universidad Católica del Norte de Chile and Degree in Engineering Geology, with technical training and analytical
capacity to solve complex problems in geosciences from the Pedagogical and Technological University of Colombia
(2013).
In Colombia, he previously acted as exploration geologist for AngloGold Ashanti on Nuevo Chaquiro (6.1Mozs Au,
85Mozs Ag, 3.9Mt Cu, Resources: 604Mt @ 0.65% Cu, 0.32 g/t Ag, 116ppm Mo•), Continental Gold on the Buritica
Deposit (P&P Reserves: 3.8Mozs at 6.9 g/t Au & 13Mozs at 24g/t Ag in 15.61Mt and M&I Resources: 4.4Mozs at 8.9
g/t Au & 14.6Mozs at 29 g/t in 14.02Mt plus Inferred Resources: 5.1Mozs at 8.9 g/t Au & 18Mozs at 29 g/t Ag in
16.2Mt³), Director of Exploration for Touchstone Colombia on Picacho in District of Sergovia and Senior Geologist for
Collective Mining on the Guayabales Project.
Dr. Grainger holds a BSc and PhD in Economic Geology from the University of Western Australia, where he was
sponsored by Vale Brazil. His doctoral research focused on the Serra Pelada epigenetic Au-Pd-Pt deposit in Brazil. He
is fluent in English and Portuguese and has an advanced level of proficiency in Spanish.
Notable career achievements in Colombia include: initial due diligence of the Continental Gold asset portfolio as VP of
Exploration which included the world-class Buritica Au-Ag deposit acquired by Zijin Mining for US $1.4 billion;
identified and consolidated the San Matias Cu-Au district for Cordoba Minerals, which includes the Alacran Cu-Au
deposit (Resources: 99.456Mt at 0.41%Cu, 0.24 g/t Au, 2.65 g/t Agº), later acquired by HPX Minerals (Friedland group
of companies); as Co-Founder of Collective Mining and played a critical role in identifying the Guayabales Project,
ultimately leading to the consolidation of the entire northern Marmato District and the discovery of the Apollo Cu-Au
deposit. His expertise and success in identifying and developing significant mining assets make him a valuable asset to
Max in the key position of Technical Advisor.
Mr. Henao is a Technologist in Military Sciences with training in security, risk and strategic management. He
specializes in negotiation, intelligence and community management in exploration projects. He was responsible for
Community Relations and Logistics for Continental Gold, Collective Mining and acts in the same role for the Max.
Discussion of the Mora Gold-Silver Project
Highlights
• The undrilled Mora Property encompasses over 40 historic workings, 5 active mines, a series of exposed
polymetallic structures over 2,500m by 1,000m, adjacent to Aris Mining’s (TSX: ARIS, NYSE: AIMN) 9.2Moz
Marmato Gold Operation (P&P Reserves: [email protected] g/t Au for 3.2Mozs, M&I Resources: [email protected] g/t
Au for 6.0Moz, Inferred Resources: 35Mt at 2.4 g/t Au for 2.8Mozs ¹).
• Aris Mining’s Marmato Property abuts the 2.8 km eastern boundary, and Collective Mining’s (TSX: CNL,
NYSE: CNL) Guayabales Project abuts along 3.7 km north (Apollo Porphyry System), west, south, and vertical
east boundaries of the Mora Property.
• Highlight, Mora Gold-Silver Property channel sample results include (refer to Table 1)
o 45.0 g/t gold & 7,110 g/t silver over 1.0m; 32.0 g/t gold & 53 g/t silver over 1.0m.
o 27.0 g/t gold & 732 g/t silver over 1.0m; 8.9 g/t gold & 75 g/t silver over 1.5m.
Max advises investors that the gold mineralization at the Marmato gold deposit and the Apollo porphyry zone may not necessarily by indicative of similar
mineralization at the Mora Property. Max further advises the QP has been unable to verify the information on Marmato and Guayabales and that the
information is not necessarily indicative to the mineralization on the Mora Property.
The geology exposed at Marmato appears very similar in character to Mora, and can be considered analogous, due to
its close proximately and geological similarities, including the same type: a) host rocks, b) structural trends, c) styles of
mineralization, and d) types of alteration. These are all key characteristics of the world class bulk tonnage porphyry-
related gold deposits of the Cauca Gold Belt.
In April 2025, a 2-day reconnaissance visit was conducted by a geological consultant, on behalf of the Company.
Investigation of the San Juan Sector in the northern portion of the Mora Property, confirmed a series of NW to SE
striking polymetallic sub-parallel mineralized structures along over 2,500m of strike, dipping to the SW, across a width
of 1,500m SW to NE. Over 40 historic workings and 5 active artisanal gold mines were noted. The polymetallic
mineralized structures clearly cross the eastern boundary towards the Marmato Gold Operations.
The Nan Prospect in the lower SE corner of the Mora Property, identified one east to west polymetallic mineralized
structure dipping to the south and two other polymetallic structure’s running NW to SE dipping NE crossing across the
boundary trending to Marmato (refer to Table 1).
Historical Work
The mining and exploration on the Mora Property has been primitive and limited to date. The only recorded
exploration and mining consists over 40 historic workings and active artisanal mines, with the exception of a report
documenting a field visit in 2012 for Crown Gold Corp².
The author identified numerous high-grade gold and silver sulphide veins exploited by artisanal miners on both
Marmato and the Mora Title (Property). His comments include:
“There is no question that the geology of Marmato continues across the Mora title (KK6-08031) boundary in the
region of San Juan. Gran Colombia states that their deposit (Marmato) is open and continues at depth and to the west
and south, both areas are within in the Mora title (Property)”
In addition, the Crown Gold Corp. news release, dated December 20, 2012² stated:
“During a visit in November, Crown gained access to, and channel sampled, 7 of the 40 adits which it has located to
date, on the Mora Property. A total of 7 channels were cut in these 7 adits and all samples returned gold and silver
values. The weighted average value of gold was 13.2 g/t over 5.9m sampled, while the weighted average value of
silver was 1,647 g/t”
“Sampling to date has been concentrated within 1-km² block (San Juan Sector) of the 7-km² Mora Property. There
appears to be a series of mineralized “polymetallic” veins running through the Mora Property, similar
mineralization to Gran Colombia’s Marmato gold deposit, which lies adjacent east side of the Mora Property”
“The Marmato property has a 43:101 measured and indicated resource of over 11.7Mozs of gold and 80Mozs of silver
to vertical depth of 400m. In addition, recent drilling at Marmato has revealed high grade mineralization extending a
further 700m below the present resource”
The Company’s 2025 exploration program is now underway:
• Phase 1: collect geological and geophysical data, channel sample all active and historical underground shafts
(represent as drill holes), outcrops, airborne LiDAR and magnetic, 3D geological/DTM/topographic modelling.
• Phase 2: ground gravity surveys and delineate drilling targets.
Table 1: Highlight Assay Results for 2012² and 2025 Field Investigations.
UTM Gold Silver Ar senic Zinc Sample Type ID
432432E/604753N 45.0 g/t 7,110 g/t 1.0m channel 6
431876E/604452N 36.7 g/t - 2.0m channel 1
430940E/604972N 32.0 g/t 53 g/t 1.0m channel 20
432445E/604726N 27.0 g/t 732 g/t 1.0m channel 7
431090E/602782N 8.9 g/t 75 g/t 1.5m channel 22
432243E/604575N 1.6 g/t 73 g/t 0.3m channel 15
431822E/604471N 1.2 g/t 877 g/t 1.0m channel 19
432304E/604822N 10.2 g/t 211 g/t 0.5% 2.3% Grab 1 - G503870
432403E/604945N 3.3 g/t 87 g/t 0.7% 0.1% 1.0m channel 2 - G503866
431884E/604446N 2.6 g/t 45 g/t 3.4% 0.01% 1.0m channel 3 - G503869
435336E/603379N 21.4 g/t 156 g/t 0.15% 5.60% 1.0m channel 4 - G503857
435238E/603393N 1.6 g/t 22 g/t 0.07% 1.70% 1.0m channel 5 - G503862
San Juan Sector - 2012²
San Juan Sector – 2025
Nan Prospect – 2025
Figure 2. El Oso Gold-Silver Mine located within the Mora Title.
Figure 3. El Cielo Gold-Silver Mine located within the Mora Title.
Name Highlights Reference
News Release
Dec 20, 2012
Crown Gold Corp. (TSXV: CWN)
Mora Property
Scott Franko, senior consultant to Crown Gold and a registered Professional
Geologist was designated as the Qualified Person under NI 43:101 for the
Colombian Mining Project
Marmato Gold Deposit¹ Aris Mining (TSX: ARIS, NYSE: AIMN) https://aris-mining.com/operation/reserves-and-resources/
P&P Reserve: 31.28Mt at 3.16 g/t Au for 3.178Mozs
M&I Resources: 61.50Mt at 3.03 g/t Au for 5.997Mozs
Inferred Resource: 35.60Mt at 2.43 g/t Au for 2.787Mozs
Guayabales Project² Collective Mining (TSX: CNL, NYSE: CNL) https://collectivemining.com/
Apollo: 497m at 3.0 g/t AuEq.
Trap: 632m at 1.1 g/t AuEq.
Plutus: 301m at 3.0 g/t AuEq.
Ramp: 75m at 8.0 g/t Au
ME: 111m at 1.0 g/t AuEq.
Buriticá Gold Deposit³ Zijin Mining – Continental Gold https://www.zijinmining.com/global/program-detail-71741.htm
P&P Reserve: 3.8Mozs at 6.9g/t Au&13Mozs at 24g/t Ag in 15.61Mt
M&I Resource: 4.4Mozs at 8.9g/t Au&14.6Mozs at 29g/t in 14.02Mt
Inf. Resource: 5.1Mozs at 8.9g/t Au&18Mozs at 29g/t Ag in 16.2Mt
Nuevo Chaquiro
Deposit•
AngloGold Ashanti (NYSE: AU)
Resource: 604Mt @ 0.65% Cu, 0.32 g/t Ag, 116ppm Mo for 6.1Mozs Au, 85Mozs Ag, 3.9Mt Cu
https://portergeo.com.au/database/mineinfo.php?mineid=mn1501
Alacran Depositº
Cordoba Minerals
Resource: 99.456Mt at 0.41%Cu, 0.24 g/t Au, 2.65 g/t Ag
https://wp-cordobaminerals2024.s3.ca-central-
1.amazonaws.com/media/2024/08/Cordoba_-_tech_report_-
_feasibility_study_-_Alacran.pdf
Table 2. References.
Terms of the Purchase Agreement
Under the terms of the Purchase Agreement (the “Agreement”), the Company’s wholly owned Colombian subsidiary
Maximum Company Colombia S.A.S. (“Maximum”) has the exclusive rights to earn up to 100% of Inversiones
Villamora S.A.S. (“Villamora”). Pursuant to Maximum acquiring 100% of the shares of Villamora, the 100% owner of
Mining Concession No. KK6-08031 (“Mora” or the “Title”). Maximum acts as the sole operator and can withdraw from
the Option or Purchase Periods at any stage. Payments are USD to the shareholders of Villamora and are all payments
are subject to certain milestones, obligations and conditions. Option Period; first payment of $50,000; second of
$50,000; third of $150,000 and fourth of $150,000.
The Purchase Period;
$1,000,000 on or before 1 year after the final Option Period payment advances to 20%; $1,000,000 on or before 1
year after the first Purchase Period payment advances to 40%; $2,000,000 on or before 1 year after the second
Purchase Period payment advances to 60%; $4,000,000 on or before 1 year after the third Purchase Period payment
advances to 100%
Under certain conditions prior to Maximum initiating the Purchase Period, Maximum shall be entitled to acquire the
Mora Title, rather than Villamora, under the same terms and conditions. The Company committed to 3% net smelter
royalty from ore production. No finders' fees were paid in connection with the Transaction.
Qualified Person
The Company's disclosure of a 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's wholly owned Sierra Azul Copper-Silver 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). Max has an Earn-In Agreement (“EIA”) with Freeport-McMoRan Exploration Corporation (“Freeport”), a
wholly owned affiliate of Freeport-McMoRan Inc. relating to the Sierra Azul Project. Under the terms of the EIA,
Freeport has been granted a two-stage option to acquire up to an 80% ownership interest in the Sierra Azul Project by
funding cumulative expenditures of C$50m and cash payments totaling C$1.55m. Max is the operator of the initial
stage. The USD $4.8m 2025 exploration program for the Sierra Azul Project Cby Freeport.
Max Iron Brazil’s wholly owned Florália Hematite DSO Project is located 67-km east of Belo Horizonte, Minas Gerais,
Brazil’s largest iron ore and steel producing State. Max’s technical team has significantly expanded the Florália
Hematite DSO Geological Target from 8-12mt at 58% Fe to 50-70mt at 55%-61% Fe.
Max cautions investors the potential quantity and grade of the iron ore is conceptual in nature, and further cautions there has been insufficient exploration
to define a mineral resource and Max is uncertain if further exploration will result in the geological target being delineated as a mineral resource. Hematite
mineralization tonnage potential estimation is based on in situ high-grade outcrops and interpreted and modelled magnetic anomalies. Density value used
for the estimate is 2.8t/m³. Hematite sample grades range between 55-61% Fe. The 58 channel samples were collected for chemical analysis from in situ
outcrops in previously mined slopes of industrial materials.
For more information visit on Max Resource: 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
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) 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", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based 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 from 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 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 Canadian securities regulators, which filings are available at
www.sedarplus.ca.