Max Resource Corp. (TSXV: MAX)

Max Resource Reports New High-Grade Copper-Silver Discovery at URU, Channel Sample Assays 16.8m @ 8.3% copper + 146 g/t silver and 7.0m @ 8.5% copper + 143 g/t silver, both true width and open-ended

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"These first pass results over +290m of strike and +190m of vertical extent suggests this first of five structural URU targets represents a remarkable high-grade copper-silver discovery. In addition, the mineralization in the outcrop exposures appear to extend under overburden cover with open-ended grades of 11.1% and 3.7% copper in the last exposed samples with true thickness of the 7.0m channel, and similarly with 16.8m channel at 8.3% copper open-ended, with either end samples grading 4.2% and 2.7% copper." - Brett Matich, Max CEO

"As a major shareholder of Max Resource, Endeavour Silver looks forward to this endeavoring partnership with the objective of unlocking the true value of the Cesar project, which we believe may be the world’s largest undeveloped copper-silver district." - Dan Dickson, Endeavour Silver CEO

Dr. Chris Grainger presents Max Resource’s Cesar Copper Project in Colombia and RT Gold Project in Peru at the CGS2021 Conference at Medellin Colombia.

About Us

Max Resource Corp. (TSXV: MAX) is one of the true mineral explorers. First-mover, Max is advancing its wholly-owned district-scale “CESAR Copper-Silver” project in northeastern Colombia, located along the northern portion of the world’s largest producing copper belt (Andean belt). In addition, the “RT Gold” project (100% earn-in) in Peru, is high-grade with potential for two large gold deposits. 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.

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CESAR Copper-Silver Project in Colombia

CESAR lies along the northern portion of the world’s largest producing copper belt (Andean belt), within a prolific mining district with world class infrastructure and the presence of global majors (Glencore and Chevron). Max is exploring a new basin-scale 90-kilometre-long copper-silver target zone, where the 2022 exploration and drilling programs will focus on three significant discoveries, the Uru, Conejo and AM:

Uru Zone

Newly discovered in 2021 the Mining Concessions cover 70 km2. The Uru zone lies along a major structural corridor that connects the upper sediment-dominated part of the Cesar basin to the lower volcano-sedimentary portions. These mineralized structures consist of faults and breccias that lie just below the sedimentary basin within a metavolcanic unit, that have been identified over 15 kilometres in length, 10 metre widths, highlights of 14.8% copper and 132 g/t silver and vertical elevations of 1,200 down to 410 metres.

2022 programs underway:

LiDAR 290-km² survey and field work to assist drill design
Drill target prioritization along 15-km of strike
Delineate drill pads, permitting and initial drilling program

“The objective of our maiden drill program is to test the scale continuity of strong copper mineralization at depth of several drill targets located on the URU mining concessions covering 70 km2. The Cesar basin’s last major discovery was the Cerrejón coal mine some 30-years ago, however previous exploration has not targeted large copper deposits within this highly mineralized sedimentary basin. Cerrejón, operated by Glencore, is situated 70-km northeast of Uru, and is the largest coal mine in South America and the reason for much of the critical mining infrastructure”

- Brett Matich, Max CEO

Conejo High-grade Zone (40-km north of Uru)

Newly discovered in 2021, currently 3.7-km long averaging 4.9% copper (2% cutoff)
Expand the zone and identify drill targets

AM zone (70-km north of Uru)

Newly discovered in 2020, the Mining Concessions cover 100-km²
“Kupferschiefer-style” sub-horizontal copper-silver, highlights of 34.4% copper and 305 g/t silver
Identified drill targets

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RT Gold Property in Peru

RT Gold, consists of two contiguous mineral concessions located 760-km northwest of Lima, sits along the Condor mountain chain of northern Peru, within the Cajamarca metallogenic belt. This geological belt extends from central Peru into southern Ecuador, hosting a number of world-class gold deposits. MAX has exclusive rights to earn 100% of RT Gold.

RT Gold encompasses two distinct and significant mineralized systems:

CERRO, a high-grade bulk tonnage gold-bearing porphyry zone 2.0-km by 1.5-km and open in all directions
TABLON, a high-grade gold-bearing massive sulfide zone 1.5-km by 1.0-km, lying 3-km to the northwest

Next Steps for 2021

Assays are pending for 1,600-metres of historic diamond drill core
Conduct the first site visit in 10 years