Project Highlights
- Historic Drilling – 200-km District Scale
- Highlight values of 34.4% copper and 305.0 g/t silver
- Two new high-grade copper discoveries in 2021
- First Mining Concession Contracts (70-km²)
- Colombia Expert and in-country teams
- Sustainable community relationships
- Colombia the country ranked as #1 in South America for investment attractiveness by the Fraser Institute in 2020
Third-Party Validation
- TSX Venture 50™ for 2021, Max ranked top 10 in the mining sector
- Collaboration agreement with Global copper producer
- Vetted by Kupferschiefer Experts (AGH)
- Working in collaboration with the National Colombian school of mines
Project Overview
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.
Geology
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
CONEJO Discovery (March 2021)
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:
- 12.5% copper + 84 g/t silver over 5.0m by 5.0m
- 10.5% copper + 50 g/t silver over 3.0m by 2.0 m
- 10.4% copper + 95 g/t silver over 5.0m by 5.0m
- 10.2% copper + 62 g/t silver over 5.0m by 5.0m
- 10.0% copper + 80 g/t silver over 5.0m by 5.0m
- 9.9% copper and 50 g/t silver over widths of 2.0m
- 9.3% copper and 126 g/t silver over widths of 2.0m
URU Discovery (April and November 2021) – New Mining Concession Contracts (70-km²)
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:
- 14.8% copper and 132 g/t silver over 1.5m x 0.8m
- 6.5% copper and 6 g/t silver over widths of 1.0m
- 5.6% copper and 87 g/t silver over 1.0m by 1.0m
- 4.3% copper and 8 g/t silver over widths of 10.0m
- 4.0% copper and 42 g/t silver over 1.0m by 1.0m
- 3.9% copper and 7 g/t silver over widths of 10.0m
- 3.7% copper and 14 g/t silver over widths of 5.0m
- 3.6% copper and 12 g/t silver over widths of 10.0m
- 3.0% copper and 37 g/t silver over widths of 10.0m
- 3.0% copper and 6 g/t silver over widths of 10.0m
- 2.9% copper and 7 g/t silver over widths of 5.0m
- 2.1% copper and 3 g/t silver over widths of 10.0m
- 2.0% copper and 20 g/t outcrop over widths of 10.0m
- 2.7% copper and 1 g/t silver over widths of 25.0m
- 2.2% copper and 9 g/t silver over widths of 25.0m
- And ASSAYS PENDING
Max was granted four key Mining Concession Contracts are contiguous and collectively cover an expanse of 70-km²
Next Steps for URU
- Infill mapping and sampling of the entire 70-km²
- Ground geophysical surveys to zero in on drill targets
- Environmental and socio-economic surveys for drill permitting
- Phase one drilling of the delineated targets
"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
Next Steps
- Continue the CESAR copper-silver regional exploration programs
- Infill mapping and sampling of the entire 70-km²
- Ground geophysical surveys to zero in on drill targets
- Environmental and socio-economic surveys for drill permitting
- Phase one drilling of the delineated targets
Image Gallery
CESAR Copper Silver