Max Resource to Commence LiDAR Survey Over the URU Project in NE Colombia
Max Resource to Commence LiDAR Survey Over
the URU Project in NE Colombia
Vancouver B.C., December 2, 2021 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MXR; OTC:
MXROF; Frankfurt: M1D2) is pleased to report that it has engaged DigitalWorld Mapping to conduct an airborne
high-resolution LiDAR survey over the entire URU Zone within its wholly-owned CESAR project, Northeastern
Colombia (refer to Figures 1 to 4).
The LiDAR survey is part of the first steps to determining high probability drill targets at URU.
The survey will consist of 600 -line-km with 250m line spacing covering approximately 290-km². LiDAR is a
modern remote sensing technique that concurrently takes high-resolution (hi-res) images and builds a detailed
digital terrain model (DTM) utilizing an extremely sensitive and accurate digital mapping tool.
Together, the DTM and hi-res images provide oathree-dimensional (3D) model of the terrain, where additional
data (geophysics, drilling, surface sampling , etc.) can be incorporated to provide a multi-dimensional model
from which multiple data sources can be interpreted accurately , all in 3D. It is a particularly powerful tool for
drill planning as it significantly reduces the risk of interpreting data in only two dimensions.
“The LiDAR datasets will be used for the URU Zone drill design and planning access and provides unprecedented
ground details to be observed for the first time,” commented Max CEO, Brett Matich.
"LiDAR assistance in building an accurate 3D model will be key in maximizing the success of Max’s virgin drill
program at URU, being the first significant exploration event in the Cesar basin since the discovery of Cerrejón,
the largest coal mine in South America and the basis for much of the critical infrastructure in the C esar basin,"
he continued.
Figure 1: URU location Figure 2. URU LiDAR Survey 290-km² Area
What is LiDAR?
LiDAR is the acronym for Light Detection and Ranging. It is a relatively new active remote sensing technology
using a laser scanner, Global Positioning System (GPS), and inertial navigation. In the same way that SONAR uses
sound waves and reflection to detect targets and determine distance (think of the ping heard in a submarine
scene from a war movie), LiDAR uses laser pulses with their timed reflectance to determine the target distance.
This process is illustrated in Figure 3.
The standout feature of LiDAR is its ability to see the ground through heavy vegetation. Repeat this process up
to 1,000,000 times per second and you can quickly and accurately build a point cloud of target reflections in 3D
space, obtaining information in areas where conventional topography, satellite images or photogrammetry
cannot reach.
Figure 3: LIDAR Process
QUALIFIED PERSON
The Company’s disclosure of a technical or scientific nature in this news release has been 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.
CESAR COPPER-SILVER PROJECT IN COLOMBIA – OVERVIEW
CESAR lies along the copper-silver rich 200-kilometre-long Cesar Basin in northeastern Colombia. This region
provides access to major infrastructure (refer to Figure 4) resulting from oil & gas and mining operations,
including Cerrejón, the largest coal mine in South America, now held by global miner Glencore.
Geologically, Max interprets the URU sediment-hosted stratiform copper-silver mineralization in the Cesar basin
to be analogous to both the Central African Copper Belt (CACB) and the Kupferschiefer deposits in Poland.
Almost 50% of the copper known to exist in sediment -hosted deposits is contained in the CACB, including
Ivanhoe Mines Ltd (TSX: IVN) 95-billion-pound Kamoa-Kakula discovery in the Congo.
Kupferschiefer, the world’s largest silver producer and Europe’s largest copper source, is a mining orebody
ranging from 0.5 to 5.5m thick at depths of 500m, grading 1.49% copper and 48.6 g/t silver. The silver yield is
almost twice the production of the world’s second largest silver mine.
Source: Central African Belt Descriptive models, grade -tonnage relations, and databases for the assessment of sediment -hosted copper deposits with emphasis on
deposits in the Central Africa Copperbelt, Democratic Republic of the Congo and Zambia by USGS 2010. Kamoa-Kakula by OreWin March 2020. World Silver Survey 2020
and Kupferschiefer Deposits & Prospects in SW Poland, September 27, 2019. Max cautions investors that the presence of copper mineralization of the Central African
Copper Belt and the Polish Kupferschiefer are not necessarily indicative of similar mineralization at CESAR.
Figure 4: CESAR project’s world class infrastructure
CESAR North 90-kilometre-long-copper-silver belt:
- Max discovered AMN (previously named AM Nort h), collectively spanning over 45-km², h ighlight
values of 34.4% copper and 305 g/t silver. Intervals range 0.5 to 25.0m
- Max’s CONEJO discovery (March 2021) is located now spans over 3.7-km of strike with average grade
of 4.9% copper using 2% lower cut . To date, 13 rock samples returned values greater than 8.0%
copper; 53 returned values greater than 5.0% copper; 93 returned values 2.0% copper and above;
36 returned values greater than 20 g/t silver . Widths range from 0.5 to 20.0m. Highlight values of
12.5 % copper and 126 g/t silver:
- 12.5% copper + 84 g/t silver over 5.0m by 5.0m
- 10.5% copper + 50 g/t silver over 3.0m by 2.0 m
- 10.4% copper + 95 g/t silver over 5.0m by 5.0m
- 10.2% copper + 62 g/t silver over 5.0m by 5.0m
- 10.0% copper + 80 g/t silver over 5.0m by 5.0m
- 9.9% copper and 50 g/t silver over widths of 2.0m
- 9.3% copper and 126 g/t silver over widths of 2.0m
- The URU discovery (April 2021) is located 30-km south of CONEJO, now expanded to 48-km² and
open in all directions. URU appears to have major-scale potential; Highlight values of 14.8% copper
and 132 g/t silver. Widths range 1.0 to 10.0m:
- 14.8% copper and 132 g/t silver outcrop over 1.5m x 0.8m
- 6.5% copper and 6 g/t silver outcrop over widths of 1.0m
- 5.6% copper and 87 g/t silver outcrop over 1.0m by 1.0m
- 4.3% copper and 8 g/t silver outcrop over widths of 10.0m
- 3.9% copper and 7 g/t silver outcrop over widths of 10.0m
- 3.6% copper and 12 g/t silver outcrop over widths of 10.0m
- 3.0% copper and 6 g/t silver outcrop over widths of 10.0m
- 3.0% copper and 37 g/t silver outcrop over widths of 10.0m
- Recently granted four contagious Mining Concession Contracts covering 70-km² of the URU
target zone (November 24, 2021, NR)
- The SP target is located within the mid portion of the CESAR North 90-km-long-copper-silver belt,
reconnaissance sampling over 25.0m averaged 4.8% copper and 51 g/t silver considered to be
significant (September 7, 2021, NR)
- Next Steps:
o Continue the CESAR copper-silver regional exploration programs
o LiDAR and infill mapping and sampling of the entire 70-km²
o Ground IP surveys to zero in on drill targets
o Environmental and socio-economic surveys for drill permitting
o Phase one drilling of the URU delineated targets
ABOUT MAX RESOURCE CORP.
Max Resource Corp. is a copper and precious metals exploration company, engaged in advancing both the newly
discovered district-scale CESAR copper-silver project (100% owned) in Colombia and the newly acquired RT Gold
project (100% earn -in) in Peru. Both projects have potential for the discovery of large -scale mineral deposits;
both stratiform-type copper-silver in Colombia and high-grade gold porphyry and massive sulfide in Peru.
Max Resource was awarded a Top 10 Ranked Company in the Mining Sector on the TSX Venture 50™ for 2021,
achieving a market cap increase of 1,992% and a share price increase of 282% in 2020.
For more information visit: https://www.maxresource.com/
For more information visit: www.tsx.com/venture50
TSX Venture 50™ for 2021 video: MAX Resource Corp. (TSXV: MXR) - 2021 TSX Venture 50 - YouTube
For additional information contact:
Max Resource Corp. Hudes Communications International
Tim McNulty Nelson Hudes
E: [email protected] E: [email protected]
T: (604) 290-8100 Phone: (905) 660-9155
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