- 2021 was highlighted by two major discoveries; the URU and CONEJO zones
- URU assay values: 14.8 per cent copper and 132 g/t silver
- CONEJO assay values: 12.5 per cent copper and 84 g/t silver
- 2022 exploration to focus on the URU zone
- The company anticipates receiving additional mining concessions to drill CONEJO
- Max Resource is a copper and precious metals exploration company
- MAX Resource Corp. (MXR) opened trading at C$0.195 per share
Max Resource (MXR) has provided an overview of milestones achieved in 2021 and the exploration strategy for 2022 for its CESAR copper-silver project.
2021 highlights
- Two major discoveries: URU and CONEJO zones, both of significant size with high-grade copper-silver results, expands the CESAR North belt to over 90-kilometres in length.
- URU discovery
- Highlight assay values: 14.8 per cent copper and 132 g/t silver
- Strike length increased 300 per cent from initial discovery
- Received first mining concessions covering 70-km²
- Engaged DigitalWorld Mapping for LiDAR survey
- Identified 5 significant drilling targets
- CONEJO discovery
- Highlight assay values: 12.5 per cent copper and 84 g/t silver
- Extends over 3.7-km of strike with average grades of 4.9 per cent copper
- Drill program being prepared for 2022
2022 exploration
- Exploration to focus on the URU zone
- Infill mapping and modelling of the LiDAR data
- 3D drill design and permitting
- Conduct the first ever drill campaign targeting major copper deposits in the CESAR basin
- The regional exploration program over the Cesar basin to continue
- Receive additional mining concessions to drill CONEJO
Max CEO, Brett Matich commented on the company’s success in 2021.
“It’s been an amazing journey in 2021, highlighted by the URU and CONEJO discoveries. URU is to be Max’s first drill program in Colombia, marking the area’s first significant drilling event since the discovery of Cerrejón, the largest coal mine in South America and the basis for much of the critical infrastructure in the Cesar basin.
In addition, copper prices broke multi-year highs in 2021. Max shareholders are well positioned in 2022 to take advantage of the drilling phase, unlocking the true district-scale potential of Max’s CESAR project.”
Max Resource is a copper and precious metals exploration company focused on projects in Colombia and Peru.
MAX Resource Corp. (MXR) opened trading at C$0.195 per share.