Max Resource
Secures
Major
Landholdings
Over
140-kilometres
of
the
Prospective
Copper-Silver
Belt
at
its CESAR
Project,
NE
Colombia
Vancouver
B.C., January
27,
2021 --
InvestorsHub NewsWire -- MAX RESOURCE CORP. ("Max" or the
"Company") (TSX.V: MXR; OTC: MXROF; Frankfurt: M1D2) is pleased
report
the
newly acquired
CESAR
West, encompassing
approximately
2,000 square
kilometres of highly prospective
areas for copper-silver
mineralization,
at
the Company's
wholly owned CESAR project, North Eastern
Colombia (refer to Figure 1).
"CESAR West was identified
through surface structural mapping, interpretation of available
seismic sections and drill core review. The Max in-country field
crew have commenced sampling and mapping for Jurassic host rock and
copper-silver mineralization along this
new continuous
140-kilometre-long
landholding," commented Max CEO, Brett
Matich.
"Max has achieved a major
milestone, expanding
its
landholdings
in the
Cesar Basin by over 300%. The newly
discovered
area, lies along the central-western part of the
Cesar Basin, and together with the
recent copper discovery at depth, supports the regional
scale potential
of the CESAR project," he concluded.
Figure
1.
CESAR
West, 140-km of
highly
prospective areas for copper-silver
mineralization.
https://www.maxresource.com/images/news/MXR_2021-01-27_EN_Fig1.jpg
Max believes
that the stratabound mineralized system in the Cesar Basin is analogous to
the
Kupferschiefer
Basin in Poland.
The
Kupferschiefer deposits, Europe's largest copper source, produced
3MT of copper in 2018 and 40 million ounces of silver in 2019 from
an orebody 0.5 to 5.5-metres thick, grading 1.49% copper and 48.6
g/t silver. This silver yield is almost twice the production of the
world's second largest silver mine.
Source:
World
Silver Survey 2020 and Kupferschiefer Deposits & Prospects in
SW Poland, September 27, 2019.
Max
cautions investors that the presence of copper-silver
mineralization at Kupferschiefer is not necessarily indicative of
similar mineralization at CESAR.
CESAR COPPER-SILVER PROJECT
IN
COLOMBIA
The CESAR
project in north eastern Colombia
covers the major portion of
over
200-km
long Cesar Basin with identified
statabound sediment-hosted copper-silver
mineralization.
This region enjoys major
infrastructure as a result of oil & gas and
mining operations,
including Cerrejon, the largest coal
mine in Latin America, jointly owned by global miners BHP Billiton,
XStrata and Anglo American (refer to Figure 1).
Max has entered
into three non-exclusive confidentiality agreements regarding the
CESAR project: one with one of
the
world's leading copper producers; a second with
a global mining
company and a third with a
mid-tier copper
explorer.
The exploration
priorities for the CESAR project are: regional geochemical
sampling, structural modelling interpretation of seismic data,
analysis of oil & gas drill cores and expansion of
landholdings.
Max has
initiated
its fully funded
2021exploration campaign:
Regional
Mapping:
sampling
and mapping for Jurassic host rock and copper-silver
mineralization
along this new continuous 140-kilometre-long
landholding;
Advanced
Analysis of Drill
Core: XRF analysis
of core
from historic
drilling of the Cesar Basin to identify the presence of
copper at depth (January 7,
2021);
Geochemical
and Mineralogical: research programs by the
University of Science and Technology ("AGH") of Krakow, Poland. AGH
bring their extensive knowledge of KGHM's world renowned
Kupferschiefer sediment-hosted copper-silver deposits in Poland to
the CESAR project;
Geophysics:
Fathom
Geophysics interpreting geophysical data funded by
the Company in collaboration with one of the world's leading copper
producers;
Structural
Modelling:
drill core and
seismic analysis is being conducted by Ingeniería Geológica
Universidad Nacional de Colombia ("IGUN") in Medellín, and the Max
team.
CESAR
WEST
ACQUISTION
The Company has
secured 20 mineral applications from an arm's length vendor by
agreeing to pay USD $175,000. The Vendor retains a
3% NSR with the Company having the exclusive right to purchase 100%
of the 3% NSR for USD $4,000,000, any time prior to
production.
ABOUT MAX RESOURCE CORP.
Max
Resource Corp. is advancing both its stratabound Kupferschiefer
type CESAR copper-silver project in Colombia and
the newly
acquired RT Gold
project in Peru. Both projects have potential for the discovery of
large-scale copper
and precious metals deposits.
Tim Henneberry,
P Geo (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
E:
info@maxresource.com
T: (604)
290-8100
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
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