Max Resource Granted Four Mining Concession Contracts for URU, which expands over 70-km², providing secure tenure of the URU zone and immediately forge the way for more advanced work programs, surveys and drill permittingView Release
"Achieving this critical milestone of four approved Mining Concession Contracts expedites MAX’s first drill program at URU, being a significant event in the Cesar basin since the discovery of Cerrejón, the largest coal mine in South America and the basis for much of the critical infrastructure in the Cesar basin"BRETT MATICH, MAX CEO
“Receipt of the first Mining Concession Contract is a key step in obtaining drill permits and developing a plan for the very first drilling program on the URU copper-silver zone. The Max technical team is now working in the field to identify drill targets over the approved Mining Concession Contract and continue to expand the 48-km² URU zone.”BRETT MATICH, MAX CEO View MAX Investor Presentation
Max Resource Corp. is an Strategic Metals and Gold exploration company, engaged in advancing both its district-scale CESAR copper-silver project in Colombia and the newly acquired RT Gold project in Peru. Both projects have potential for the discovery of large-scale mineral deposits; both sediment-hosted copper-silver-type in Colombia; high-grade gold porphyry and massive sulfide in Peru.
“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”
- Brett Matich Max CEO
CESAR lies along the copper-silver rich 200-km-long Cesar basin in northeastern Colombia. This region has oil & gas export operations and Glencore’s Cerrejón, the largest coal mine in South America and the basis for much of the critical infrastructure in the Cesar basin.
Geologically, Max interprets the stratiform copper-silver mineralization in the Cesar basin to be analogous to both the Central African Copper Belt (CACB) to the south and the Polish Kupferschiefer to the north. Almost 50% of the copper known to exist in sediment-hosted deposits is contained in the CACB, including Ivanhoe Mines Ltd (TSX: IVN) 95-billion-pound Kamoa-Kakula copper deposits in the Congo. Kupferschiefer, the world’s largest silver producer and Europe’s largest copper source, is a mining orebody ranging from 0.5 to 5.5m thick at depths of 500m, grading 1.49% copper and 48.6 g/t silver. The silver yield is almost twice the production of the world’s second largest silver mine.
AMN Copper-Silver Discovery (2020)
Spans over 29-km² and open in all directions. Highlights of 34.4% copper and 305 g/t silver. Intervals ranging 0.5 to 25.0m
CONEJO Copper-Silver Discovery (March 2021)
Now extends over 3.7-km with average grade of 4.9% copper using 2% cutoff. Highlight values of 12.5% copper and 120 g/t silver. Intervals ranging 0.5 to 20.0m
URU Copper Discovery (April and Nov. 2021) – Major-Scale – First Mining Concession Contracts (70-km²)
Spans over 48-km² and open in all directions. Highlight values of 14.8% copper and 132 g/t silver. Intervals ranging 0.5 to 25.0m
SP Copper-Silver Target (Sept. 2021)
September 2021, reconnaissance composite grab sampling over 25.0m averaging 4.8% copper and 51 g/t silver* is considered very significant
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: