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.
Max discovered AMN (previously named AM North), collectively spanning over 45-km², highlight values of 34.4% copper and 305 g/t silver. Intervals range 0.5 to 25.0m
Max’s CONEJO discovery is located 40km south of ANM and now spans over 3.7-km of strike with average grade of 4.9% copper using 2% cutoff and open in all directions.. To date, 13 rock samples returned values greater than 8.0% copper; 53 returned values greater than 5.0% copper; 93 returned values 2.0% copper and above; 36 returned values greater than 20 g/t silver. Widths range from 0.5 to 20.0m. Highlight values of 12.5 % copper and 126 g/t silver:
URU continuous mineralization spans over 48-km², extending along strike over 12-km and down dip over 4-km from the elevation of 1200m down to 410m, and is open along strike and down dip:
Max was granted four key Mining Concession Contracts are contiguous and collectively cover an expanse of 70-km²
"These four strategic Mining Concession Contracts provide secure tenure of the URU zone and immediately forge the way for more advanced work programs, surveys and drill permitting. Achieving this critical milestone 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. Max’s exploration focus aligns directly with the Agencia Nacional de Minera’s strategy of copper exploitation and future development of the Cesar basin."Brett Matich, CEO
The new SP discovery target September 2021 spans over 1.6-kilometres and is open in all directions. The reconnaissance composite grab sampling over a 25.0m outcrop averaging 4.8% copper and 51 g/t silver is considered very significant, as it indicates the presence of a higher copper and silver grades within the 25.0m interval