Max Samples 80.44 g/t Gold, 1.82% Copper and 264 ppm Cobalt over 0.3 m at North Choco
Max Samples 80.44 g/t Gold, 1.82% Copper and 264 ppm Cobalt
over 0.3 m at North Choco
Vancouver B.C., June 12, 2019 – MAX RESOURCE CORP. ( “Max” or the “Company”) (TSX.V:
MXR; OTC: MXROF; Frankfurt: M1D1) is pleased to report further assay results from its exploration
program at the North Choco Gold -Copper project, located 80 km SW of Medellin, Colombia. Max is
acquiring North Choco, through the pending acquisition of Andagueda Mining Pty. Ltd. (see news
release of May 8, 2019). Highlights include;
• Five of twenty-three chip samples returned grades ranging from 1.58 g/t gold to 80.44 g/t gold;
• The 80.44 g/t gold sample included a copper value of 1.82% and 264 ppm cobalt and, most
importantly, came from an area of mineralized granodiorite;
• The chip samples were taken over various widths from 2 locations within a 400 metre by 700
metre exploration area centred on the historic gold mines; and
• All samples lie within the 37.5 sq. km anomalous exploration area.
“We continue to report significant gold and copper grades plus notable cobalt . While some of the
samples come from the known mineralization, others come from bedrock locations well removed from
the known mineralization” Max CEO, Brett Matich, stated. “Our strategy is to expand our exploration
efforts in all directions within the 500 sq. km land package,” he continued.
Details for the five samples can be found in the accompanying table.
Sample
ID
Gold
(gram/ton)
Copper
(ppm)
Cobalt
(ppm)
Location
Description
Width
(metres)
19000181 15.75 3778 218 Morron Vein zone with pyrite, chalcopyrite, galena 0.4
19000183 1.58 1224 234 Morron Vein zone with pyrite, chalcopyrite, galena 0.4
19000184 5.63 183 50 Morron Vein zone with pyrite, chalcopyrite, galena 0.4
19000186 8.45 58 6 Morron Vein zone with pyrite, chalcopyrite, galena 1.0
19000192 80.44 18233 264 QME Granodiorite with pyrite & chalcopyrite 0.3
North Choco Gold-Copper and Choco Gold-Platinum
North Choco Gold-Copper (500 sq. km) is l ocated 80 km SW of Medellin, is contiguous to properties
held by AngloGold Ashanti (NYSE: AU) and Continental Gold (TSX: CNL) and includes rights to
exploration and exploitation over a 72.5 sq. km mining area.
North Choco is 47 km SW of AngloGold’s 2005 Nuevo Chaquiro copper porphyry discovery, hosting an
inferred resource of 604Mt at 0.65% copper and 0.32g/t gold with a contained metal content of 4 million
tons of copper and 6 million ounces of gold. This is one of five known porphyry centres within a 15 sq.
km area. The Nuevo Chaquiro Resource is disclosed in the AngloGold presentation “Discovery and
Geology of the Nuevo Chaquiro Cu-Au (Ag-Mo) Porphyry Deposit”.
Max cautions investors that results from adjacent and nearby properties are not necessarily
representative of the mineralization hosted at North Choco.
AngloGold Ashanti examined the North Choco area for porphyry copper in 2005, locating porphyry
copper prospects and anomalies. AngloGold was unable to follow up and the area has sat idle until
Andagueda Mining completed its historic agreement earlier this year.
Max’s Choco Gold- Platinum Property (2 ,140 sq. km) is located adjacent to and SW of North Choco
Gold-Copper and covers or is adjacent to historic production of 1.5 million ounces of gold and 1.0 million
ounces of platinum. Free gold was observed from hard -rock conglomerates taken from surface in
February of 2019. A follow up Long Wave InfraRed (LWIR) survey identified multiple conglomerate
zones spread over a 1,000 sq. km area. Test work is continuing on accessing the fine gold within the
conglomerates and the second phase exploration program has now commenced.
Source for Choco: R.J. Fletcher and Associates (2011) Review of Gold and Platinum Expl oration and
Production in Choco Province Colombia Part 3. Private Report for Condoto Platinum Ltd.)
QA/QC
All rock chip samples were shipped from site and delivered by Company personnel to the SGS
Colombia S.A.S laboratory in Medellin, Colombia, an ISO/IEC 17025:2005 accredited facility.
All rock samples were analyzed utilizing SGS's ICM40B procedure, a four-acid digestion of a one half-
gram sample with an ICP finish, with a copper upper limit of 10000 ppm (1%). All rock samples were
also analyzed utilizing SGS’s FAG303 procedure, a 30 -gram gold fire assay with a gravimetric finish.
Over limit copper values were subsequently analyzed utilizing ASS41B over range package with an
upper limit of 30% copper. Certified blank samples from CDN Resource Laboratories Ltd. were inserted
into the sample stream at regular intervals. No irregularities were noted.
About Max Resource Corp.
Max is a mineral exploration company focused on the development and expanding its landholdings in
the rich Choco mineral belt of Colombia. The C ompany has established significant exploration
infrastructure and local community support for the Choco Gold-Platinum project, located 100 km south
of Medellin, which covers, or is adjacent to, historic production of 1.5 million ounces of gold and 1.0
million ounces of platinum. The North Choco Gold-Copper project lies adjacent to the Choco Gold-
Platinum project. The Gachala copper project is located 60 km east of Bogota. The Company is led by
a seasoned management team with a record of significant discovery and exploration success.
Tim Henneberry, PGeo (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
For Max Resource’s French inquiries:
Remy Scalabrini, Maricom Inc.
T: (888) 585-MARI
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