• TSX.V MAX $0.055 -0.005
  • GOLD

    Exploring the next
    world class copper
    district in colombia

    About MAX

    Max Resource Corp. (TSXV: MAX) is a mineral exploration company exploring the world’s next sediment-hosted copper district.  

    The Cesar Project comprises three continuous districts spanning 120-km in an NNE/SSW direction. This region provides access to major infrastructure resulting from oil & gas and mining operations, including Cerrejón, the largest coal mine in South America, held by global miner Glencore. Max’s twenty mining concessions collectively span over 188-km².

    On May 30, 2024, the Company received Exchange approval for an EIA with Freeport-McMoRan Inc. for two-stage option to acquire up to an 80% ownership interest in the Cesar Project by funding cumulative expenditures of C$50 million and making cash payments to Max of C$1.55 million.

    The current work program in the basin to date consists of stream sediment sampling, soil sampling, rock sampling, surface mapping, extension of the ground magnetics and an Induced Polarization (IP) program. This work program is intended to identify and prioritize drill targets. 

    Max has completed a 10,000-line-km airborne magnetic and radiometric survey covering 1,150 sq-km over all 3 Districts (AM, Conejo and URU). The data is currently under review with the objective of advancing the Cesar basin model and identifying priority targets.

    On May 16, 2024, the Company announced an LOI with terms of purchasing 100% of the Florália hematite iron ore property located 120-km east of the city of Belo Horizonte in the State of Minas Gerais, Brazil

    MAX Investor Presentation & Corporate Profile

    “Max is pleased to announce exchange acceptance for our earn in transaction with Freeport.  We look forward to executing the newly upgraded 2024 Cesar exploration program with Freeport.”

    - Brett Matich, MAX CEO & President

    CESAR Copper-Silver


    Colombia’s CESAR copper basin lies along the northern portion of the Andean copper belt, the world's largest producing copper belt. Max's CESAR Copper-Silver Project lies within a prolific mining district with world class infrastructure and the presence of global majors Glencore and Chevron. Max is exploring the world's next sedimentary-hosted copper district along a 90-km copper-silver target zone, where three significant discoveries zones have been made: AM, Conejo and Uru.

    AM District

    • Starting in the far north of the Jurassic basin, classic stacked red bed outcrops with extensive lateral continuity have been rock sampled over 15-km of strike
    • Highlight values of 34.4% copper and 305 g/t silver have been documented in the sedimentary red bed sequences
    • Stratiform mineralization continues at depth with two scout drill holes completed in 2023
    • In addition, Colombian field crews continue to discover and sample new mineralized outcrops identified AM-1 through AM 14 targets

    Conejo District

    • Located approximately 30-km south from the AM District
    • Characterized by structurally controlled mineralization, hosted in intermediate and felsic volcanic rocks
    • Mineralized outcrops have been discovered over 3.7-km at the primary target area
    • Surface samples averaged 4.9% copper (with a 2% cut-off)
    • No drilling has been conducted to date

    Uru Distrct

    • Located approximately 60-km south from the AM District
    • Max has identified 12 targets URU-1 through to URU-12
    • Mineralization of the URU District is hosted in intermediate volcanic rocks and is structurally controlled
    • At URU-C, a 9.0m of 7.0% copper and 115 g/t silver surface discovery was confirmed at depth by drill hole URU-12, which intersected 10.6m of 3.4% copper and 48 g/t silver
    • At the URU-CE target, 750m to the east, 19.0m of 1.3% copper discovered in outcrop was confirmed by drill hole URU-9, which intersected a broad zone of copper oxide returning 33.0m of 0.3% copper from 4.0m, including 16.5m of 0.5% copper
    View Project

    Interview with Bruce Counts 

    Check out our latest video where The Watchlist interviews MAX's VP Exploration Bruce Counts on the CESAR property. 

    Floralia Hematite Iron Ore


    The Floralia hematite deposit consists of four distinct bodies of iron ore mineralization along a southeastern trend. Mapping has traced iron ore along 1,000m of strike to the north and a further 822m to the southwest, with largest body located at the southeastern end. This body is exposed by an historic open pit 80m wide and 40m deep.

    During the mapping and sampling program, 41 channel samples were collected over a 151m accumulated length. The samples averaged 58% Fe with a 6% LOI (Loss of Ignition). This work has resulted in the definition of a geological target estimated at 2,971,233 m3 to 4,496,333 m3 or 8,052,041 tonnes to 12,184,160 tonnes using a density of 2.71 g/cm3 at an average grade of 58% Fe with a 6% LOI. Max cautions investors the potential quantity and grade of the iron ore is conceptual in nature, and further cautions there has been insufficient exploration to define a mineral resource and Max is uncertain if further exploration will result in the target being delineated as a mineral resource.

    Floralia 43-101 Technical Report View Project Page
    TSX.V: MAX
    FSE: M1D2
    Investor Info Corporate Presentation