- Max Resource Corp. (MAX) reported initial results of the high-resolution ground Induced Polarization (IP) survey
- The IP chargeability correlates with the two URU-Central copper-silver rich discoveries and extends at least 200 metres below surface
- The IP data is to be integrated into a detailed geological and structural three-dimensional model for the upcoming drill program
- Max Resource Corp. (MAX) is up 5.26 per cent trading at $0.40 per share as of 11:00 am. ET
Max Resource Corp. (MAX) reported initial results of the high-resolution ground Induced Polarization (IP) survey.
The survey was conducted across the company’s wholly owned URU-Central, which forms part of the 20-km-long URU district, located along the southern portion of the CESAR North 90-km-long copper-silver belt in Colombia.
The IP chargeability correlates with the two URU-Central copper-silver rich discoveries and extends at least 200 metres below surface.
URU-C, the first URU-Central discovery, returned chip channel widths of 9.0 metres 7.0 per cent copper and 115 g/t silver. At the lower levels of the prospect, it also yielded 16.8 metres at 8 .3 per cent copper and 146 g/t silver. The upper level is 290 metres along strike and returned 4.9 per cent copper and 41 g/t silver along a 52 metres ridgeline.
The second discovery, URU-CE, is located 750 metres east of URU-C, consisting of substantial-sized outcrops with visible copper mineralization more than 15 metres wide, trending SSW for 250 metres of strike, open in all directions.
The IP data is to be integrated into a detailed geological and structural three-dimensional model for the upcoming drill program
Max CEO Brett Matich explained that the initial IP survey has defined the vertical dimensions of the primary chalcocite-bearing mineralized body at the two URU-Central discoveries.
“Max is preparing drill sites and planning to mobilize the diamond core drill rig late next month, initiating the first ever drilling program targeting copper-silver mineralization on its URU mining concessions.”
He added that the company is continuing its regional exploration programs along the 90-km-long CESAR copper-silver belt, utilizing its $20 million treasury.
Max Resource (MAX) is a copper and precious metals exploration company focused on projects in Colombia and Peru.
Max Resource Corp. (MAX) is up 5.26 per cent trading at $0.40 per share as of 11:00 am. ET.