- Max Resource (MXR) has discovered a second new copper discovery at its mine in Colombia
- The the URU zone at the CESAR North discovery is located 30 kilometres south of the recently discovered CONEJO high-grade copper-silver zone
- Over 125 rock samples have been collected and sent to for assays with results expected early next month
- Samples indicated the presence of copper mineralization extending over 3.7-kilometres, and open in all directions
- Max Resource is up 8.70 per cent on the day, with shares trading at C$0.25 at 11:45 am ET
Max Resource (MXR) has discovered a second new copper discovery at its mine in Colombia.
The the URU zone at the CESAR North discovery is located 30 kilometres south of the recently discovered CONEJO high-grade copper-silver zone.
The URU-copper zone lies along the southern portion of the 60-kilometre-long CESAR North target area.
The discovery appears to be of significant size since collected samples indicated the presence of copper mineralization extending over 3.7-kilometres, and open in all directions.
Over 125 rock samples have been collected and sent to for assays. Results are expected early next month.
The surface mineralization at the URU zone occurs “as stockwork of cross cutting fractures or as disseminated mineralization hosted in igneous rock,” according to the company. Observed minerals include chalcocite, native copper, cuprite and copper oxides.
“The discovery of new copper mineralization at the URU zone is a significant addition to the stratabound copper-silver mineralization at CESAR North, as the company’s in-country team extends activities further into unexplored areas of Max’s CESAR Project. Over the last 18 months the Max team has identified copper-silver mineralization over 38-kilometres of combined strike length at CESAR North, demonstrating a district-scale sediment-hosted copper-silver system. CESAR provides Max shareholders significant exposure to copper, a strategic energy metal and a key metal for the world’s transition to Electric Vehicles (EV) and Clean Energy,” said Max CEO Brett Matich.
Max Resource is an energy and precious metals exploration company, engaged in advancing both its district-scale CESAR copper-silver project in Colombia and the newly acquired RT Gold project in Peru.
Max Resource is up 8.70 per cent on the day, with shares trading at C$0.25 at 11:45 am ET.