MAX to Followup Historic HARD-ROCK GOLD Discovery
MAX TO FOLLOWUP HISTORIC HARD-ROCK GOLD DISCOVERY
Vancouver B.C., July 11, 2019 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MXR; Frankfurt: M1D1) is pleased
to report a fully funded exploration program within its Choco Gold-Platinum project located 120km SW of Medellin, Colombia.
A previous 2013 program at El Tambita by ASX listed Condoto Platinum Ltd. lead to the discovery of a 9.8m wide gold-bearing
shear zone, the first documented shear-hosted bedrock gold in Choco. Highlights from historic exploration work include:
• El Tambita channel samples averaged a gold grade of 63.25g/t over 9.8m across the shear zone with a select
grab sample returning a gold value of 220g/t; (the Company cautions the grab sample is selective by nature and
may not be representative of the material being sampled);
• Geology consists of quartz veins in a NE-SW strike zone, developed within schists and intrusives;
• 400m to the north, the Gaviota mine returned 1m channel sample gold grades of 44.36g/t and 3.48g/t;
• Most importantly, the shear zone and the Gaviota mine are upstream along Rio Tamana, where historic placer
gold production of 605,110 ounces were recorded between 1906 and 1990.
“El Tambita is one largely untested high -grade gold target , historic exploration data suggests strong potential for the
discovery of additional gold zones” Max CEO, Brett Matich stated. “Max field crews are currently mobilizing to El Tambita
to follow up the outlying anomalies to locate the source of the Rio Tamana alluvial gold,” he continued.
Sources: The historic production figures from R.J.Fletcher & Associates (2011) Review of Gold and Platinum Exploration
and production in Choco Province, Colombia. Part 3. Private Report for Condoto Platinum Ltd.; the hard rock sampling
data are from the historic exploration files of Condoto Platinum Ltd. Max cautions investors it has yet to verify the historic
exploration dat a. Historic exploration data comes from 2013 exploration program undertaken by ASX listed Condoto
Platinum Ltd. disclosed in its 09-11-2013 news release.
The Max technical team continues to review and interpret the 2011 through 2014 Condoto Platinum Ltd. exploration data
consisting of rock sampling, stream sediment sampling and panned concentrate sampling. New gold targets continue to
be identified. In addition, the team are currently reviewing the recently completed Long Wave InfraRed survey completed
over the entire South Choco land package.
Choco Gold-Platinum and North Choco Gold-Platinum
Choco Gold-Platinum (2,140 sq. km) lies 120km SW of Medellin, Colombia and covers or is adjacent to historic production
of 1.5Mozs gold and 1.0Mozs platinum by Choco Pacific Mining Company (1906 – 1990) and encompasses 33 historic gold
mines and 4 historic platinum mines.
North Choco Gold -Copper (950 sq. km) is l ocated 80km SW of Medellin, is contiguous to properties held by AngloGold
Ashanti (NYSE: AU) and Continental Gold (TSX: CNL) , encompassing 14 historic gold mines, 4 historic gold anomalies
collectively covering 80 sq. km and holds exclusive rights to exploration and exploitation over a 72.5 sq. km mining a rea.
The Nuevo Chaquiro hosts a 2014 inferred mineral resource 604 million tons grading 0.65% copper, 0.32 g/t gold, 4.4 g/t
silver and 116 ppm molybdenum representing an inferred 6.1Moz gold & 3.95Mt copper; the deposit is located 18km NE
of the most northern boundary. Source “Discovery and Geology of the Nuevo Chaquiro Cu-Au (Ag-Mo) Porphyry Deposit”
by N. Winer, VP Greenfields Colombia, AngloGold Ashanti and undated.
Max cautions investors that results from adjacent and nearby properties are not necessarily representative of the
mineralization hosted at North Choco.
LWIR
LWIR analysis, through proprietary processing of Aster satellite data, has the ability to map or identify, through
reflectance spectroscopy against a set of known standards, mineral distribution over extremely large areas covered by
vegetation and shallow cover. The ground-penetrating nature of infrared radiation in the long-wave bands allows
viewing of mineral spectra in the first 30 to 60 centimetres of the earth's surface through dense vegetation. Anomaly
maps are then generated for a suite of the 16 most abundant minerals with the area of the survey.
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 Company has established significant exploration infrastructure and local community support
for the Choco Gold-Platinum project, located 120km 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, encompassing 14 historic gold mines, 4 historic gold anomalies collectively covering 80 sq.
km and holds exclusive rights to exploration and exploitation over a 72.5 sq. km mining area. 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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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 af fect financial results
is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com