Max Resource Strengthens Leadership Team
Max Resource Strengthens Leadership Team
Vancouver B.C., July 26, 2023 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V:
MAX; OTC: MXROF; Frankfurt: M1D2 ) is pleased to report the appointment of Mr. Bruce Counts as
Vice President of Exploration.
Mr. Counts stated, "I am excited to join Max’s exploration team and contribute to advancing the
Company’s CESAR Copper-Silver project in northeastern Colombia. I have had the privilege of visiting
the project twice in the past few months and have seen several of the high -priority targets in the
field. I am confident that the property has the potential to host several tier-one copper-silver deposits
and that Max has the team and resources necessary to make CESAR a success."
Mr. Counts continued, “The sheer magnitude of the mineralized system at CESAR is impressive. Max
has identified 21 compelling targets within three distinct districts that cover a 90-km stretch of the
Cesar basin. Max has will soon commence a regional airborne magnetic and radiometric survey over
the length of the project. This data will assist the work the Company is doing to prepare the highest-
priority targets for drilling as well as aid its successful program of prospecting for additional copper
occurrences in this underexplored part of Colombia.”
CEO of Max Resource Brett Matich stated, “We are delighted to be able to appoint a VP of Exploration
of Bruce’s experience and calibre, which highlights the world class potential of Max’s CESAR Copper-
Silver project.”
Mr. Counts has over thirty-years of experience in international mineral exploration , project
development and deposit evaluation. Over the past twenty-years he has been a founder and director
of several publicly listed companies as well as holding executive positions at the corporate and
operational level. Mr. Counts has been responsible for the exploration and development of numerous
projects across a range of commodities that include copper, gold and diamonds. He holds a Bachelor
of Applied Science in Geological Engineering from the University of British Columbia and is a
registered Professional Geoscientist.
Figure 1. CESAR Project. Figure 2. AM Discovery
Background
Max’s CESAR P roject lies along the copper -silver rich Cesar Basin in NE Colombia. 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 -one
mining concessions collectively span over 188-km² (refer to Figure 1).
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.
AM District
Starting in the far north of the Jurassic basin, classic stacked red bed outcrops with extensive lateral
continuity have been rock sampled over many kilometres within the AM District. Highlight values of
34.4% copper and 305 g/t silver have been documented in the sedimentary red bed sequences. The
Company confirmed that stratiform mineralization continues at depth with two scout drill holes
completed earlier this year (see Max News Release dated April 4, 2023). In addition, Colombian field
crews continue to discover and sample new mineralized outcrops including at the recently identified
AM-7 target (Max News Release dated May 25, 2023 and Max - News Release dated June 22, 2023).
Conejo District
Midway south, the Conejo Di strict is the most recent to be recognized and is characterized by
structurally controlled mineralization hosted in intermediate and felsic volcanic rocks. Numerous
mineralized outcrops have been discovered over a distance of 3.7km at the primary target in the
district with surface samples averaging 4.9% copper. No drilling has been conducted at Conejo but
it has emerged as an area of focus for the Company.
URU District
Mineralization within the URU District is hosted in intermediate volcanic rocks and is structurally
controlled, similar to deposits in the Central African Copper Belt. At URU-C, a 9.0m of 7.0% copper
and 115 g/t silver surface discovery was confirmed at depth by drill hole URU-12, which intersected
10.6m of 3.4% copper and 48 g/t silver. At the URU-CE target, 750m to the east, 19.0m of 1.3%
copper discovered in outcrop was confirmed by drill hole URU-9, which intersected a broad zone of
copper oxide returning 33.0m of 0.3% copper from 4.0m, including 16.5m of 0.5% copper (see
Max News Release date January 24, 2023)
CESAR Target Evaluation
Max has identified and is evaluating 21 targets along the CESAR 90-km belt for potential drill testing.
The Company is focused on expanding, refining, and prioritizing these targets in preparation for a
drill program. Initial efforts have been concentrated on those targets with the greatest size potential
with work that includes the following field activities:
• Systematic chip and channel sampling of the mineralized outcrops.
• Detailed geological and structural mapping of each showing.
• Trenching where possible to expose additional mineralization.
• Target scale prospecting and soil sampling.
• Ground geophysical surveys.
Regional Exploration
Max has demonstrated that the Cesar basin is fertile for copper -silver mineralization over a large
area; however, only a fraction of the basin has been explored. As a result, Max has dedicated on of
its geological teams to regional exploration with the goal of discovering additional copper -silver
prospects over 1,000 sq-km.
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 a bulk tonnage
primary gold porphyry zone, and 3 -km to the NW, a gold bear ing massive sulphide zone. Historic
drilling in 2001, 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 C ESAR 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 Geological Report RT Gold Project for Max Resource Corp. by Luis Rodrigo
Peralta, Mar. 8, 2023. NI 43:101 Geological Report Rio Tabaconas Gold Project for Golden Alliance
Resources Corp. by George Sivertz, Oct.3, 2011.
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
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.sedar.com.