Max Resource Receives a Record
Nineteen Mining Concession Contracts for Colombia in
2021
Vancouver B.C., January 12, 2022 --
InvestorsHub NewsWire -- MAX RESOURCE CORP. ("Max" or the
"Company") (TSX.V: MXR; OTC: MXROF; Frankfurt: M1D2) is pleased
to report that it has been granted 15 additional Mining Concession
Contracts ("Concessions") for a total of 19 in 2021, all located
along the CESAR North 90-kilometre-long copper-silver
belt, within its wholly-owned CESAR project,
Northeastern Colombia (refer to Figures 1 and 3).
"The nineteen "Mining Concession
Contracts" are more than any other company received in Colombia for
2021, a significant milestone for Max, forging the way for drill
permitting for both the URU and ANM drill targets," commented Max
CEO, Brett Matich.
"URU is to be the first significant
drilling event on this previously unrecognized copper-silver belt,
since the discovery of Cerrejón, the largest coal mine in South
America and the reasons for much of the critical infrastructure in
the CESAR basin," he continued.
"Located in one of the Colombia's
most prolific mining districts, Max's 2022 exploration and drilling
programs are focused on unlocking the true district-scale potential
of its CESAR copper-silver project," he concluded.
Mining Concession
Contracts
-
The 19 Concessions cover 186-km²,
the largest area for copper in the CESAR basin
-
Collectively, the 19 Concessions
extend for over 45-km of the CESAR North 90-km long
belt
-
Additional Concessions are
pending
2022 Drill
Program
-
LiDAR 290-km²
survey to assist drill design and exploration at URU
-
Delineate the
5 URU drill targets located along 15-km of strike
-
Conduct
environmental baseline survey and drill permitting
-
Commence the
first drill campaign targeting copper-silver deposits in the CESAR
basin
2022 Exploration
-
Regional exploration of the CESAR
North 90-km-long copper-silver belt
-
Extend the
CONEJO high-grade 3.7-km-long zone with an average of 4.9% copper
(2% cutoff)
-
Expand the
URU 48-km² zone (currently 15-km of strike over vertical elevations
of 500m)
-
Geophysical
surveys
Mining Concession Contract
Process
Max has completed all the requirements, which include a
detailed Social Management Plan, followed by a Public Hearing with
the local community. Each Mining Concession Contract has an initial
term of 30-years and extension for a further 30-years for a total
duration of 60-years.
Figure 1. CESAR project
in NE Colombia
Figure 2. CESAR North
90-km copper-silver belt
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 2) resulting from oil
& gas and mining operations, including Cerrejón, the largest
coal mine in South America, now held by global miner
Glencore.
CESAR North
90-kilometre-long copper-silver belt:
-
Max discovered AMN in 2020 (previously AM North),
collectively spanning over 45-km², highlight values of 34.4% copper
and 305 g/t silver. Intervals range 0.5 to 25.0m. Recently granted
15 contagious Concessions.
-
Max's CONEJO discovery (March 2021) now spans over 3.7-km of
strike with average grade of 4.9% copper using 2% cut-off and open
in all directions. To date, widths range from 0.5 to 20.0m, with
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. Max
identified 5 significant drilling targets over 15-km of strike,
widths of 10 to 25-metres over 500m vertical, highlight values of
14.8% copper and 132 g/t
silver:
-
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 Concessions covering 70-km²
of the URU target zone
-
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
QUALIFIED
PERSON
The Company's disclosure of a technical or scientific nature
in this news release was 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.
ABOUT MAX
RESOURCE CORP.
Max Resource Corp. (TSXV: MXR) is a mineral exploration
company advancing its newly discovered district size CESAR
copper-silver project (100% owned) in Colombia.
In addition, the RT Gold project (100% earn-in) in Peru,
high-grade and potentially large-scale. Historic drilling program
in 2001, returned values ranging 3.1 to 118.1 g/t gold over core
lengths ranging from 2.2 to 36.0m.
Source: 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:
Max Resource Corp. Hudes
Communications International
Tim McNulty Nelson
Hudes
E: info@maxresource.com
E:
nelson@hudescommunications.com
T: (604) 290-8100 Phone: (905)
660-9155
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"forward-looking information" within the meaning of applicable
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