- Max Resources (MXR) has reported assays from a newly identified mineral horizon within its CESAR project in Columbia
- The company was conducting composite grab sampling work, alongside outcrop panelling work
- The best panel assay was hit 5.8 per cent copper and 80 grams per tonne silver from a seven metre by one metre panel
- The best composite grab sample assay reported 3.4 per cent copper and a 20 grams per tonne silver result over metres
- Before the market opens, Max Resources (MXR) is trading at C$0.14 per share
Max Resources (MXR) has reported assays from a newly identified mineral horizon within its CESAR project in Columbia.
The mineral zone is located with the AM South zone on the project, and the assays were collected through panel samples taken from outcrops.
The assays from the panels went as high as 5.8 per cent copper and 80 grams per tonne silver from a seven metre by one metre rock panel and have expanded the known mineralised strike on the property to 1.1 kilometres in length.
Other assays include 5.6 per cent copper and 70 grams per tonne silver over a 13 metre by ondmetre panel and a 3.4 per cent copper and 57 grams per tonne silver result from a 3 metre by 3 metre panel.
The company also conducted some selective grab sampling work, using excavators to extract a selection of earth for assay.
The grab samples returned results as high as 3.4 per cent copper and 20 grams per tonne silver over two metres, and 2.3 per cent copper and 20 grams per tonne silver over two metres.
Brett Matich, the CEO of Max Resources, feels more confident that the company is on the verge of a significant mineral discovery at CESAR.
“Along with the continuing exploration providing on-going assay results from AM South, we eagerly await results from the 11-kilometre AM North zone, located kilometres north of the AM South zone, along the targeted stratbound copper-silver mineralised trend.
“We also look forward to initial results from Fathom geophysics, our strategic research partners in collaboration with both AGH Krakow, Poland, one of the world’s leading copper producers, and the national University of Colombia,” he said.
Before the market opens, Max Resources (MXR) is trading at C$0.14 per share