Max Resource: 6.449% copper over 0.4m at North Choco

May 30, 2019

Max Resource Corp


Max Resource Corp, the Vancouver based exploration company, has reported further strong results from their North Choco copper gold project in Colombia.

Max has reported the over 1% limit copper assays for its initial results from its 10-week exploration program now underway at the North Choco, 80 km SW of Medellin, Colombia. Max is acquiring the North Choco Property through the planned acquisition of Andagueda Mining Pty. Ltd

Max CEO, Brett Matich, commented on the results: “We are very pleased with the initial assays from our ongoing exploration campaign, which are now delivering significant grades of copper to augment the high-grade gold results previously reported.

Our exploration activities efforts continue to identify extensive mineralization throughout the 500 sq. km land package, with further assay results pending.”

Highlights from the assay results include:

  • Three of the initial 23 samples report values at the upper 1% limit for copper in the initial analysis;
  • Subsequent re-analysis of these three samples returned copper values of 2.766% copper, 6.449% copper and 1.357% copper all over 0.4 metres;
  • Seven of 23 chip samples had already returned grades ranging from 155.27g/t gold to 2.94g/t gold;
  • Again, the rock chip samples, taken over intervals ranging from 0.25 to 1.00 metres, were taken over various widths from 4 locations within a 400 metre by 700 metre exploration area centred on the historic gold mines; and
  • Max is five weeks into the 10-week North Choco exploration program and further results will be released after receipt and interpretation.

Details for the seven samples can be found in the accompanying table, with the copper re-assays reported today indicated in bold:

About North Choco Gold-Copper and Choco Gold-Platinum

North Choco Gold-Copper (500 sq. km) is located 80 km SW of Medellin and is contiguous to properties held by AngloGold Ashanti (NYSE: AU) and Continental Gold (TSX: CNL) and includes rights to exploration and exploitation over a 72.5 sq. km Mining Area.

North Choco is 47 km SW of AngloGold’s 2005 Nuevo Chaquiro copper porphyry discovery, hosting an Inferred Resource of 604Mt at 0.65% copper and 0.32g/t gold with a contained metal content of 4Mt of copper and 6Moz of gold. This is one of five known porphyry centres within a 15 sq. km area.

The Nuevo Chaquiro Resource is disclosed in the AngloGold presentation “Discovery and Geology of the Nuevo Chaquiro Cu-Au (Ag-Mo) Porphyry Deposit”. Max cautions investors results from adjacent and nearby properties are not necessarily representative of the mineralization hosted on the Company’s North Choco copper gold project.

AngloGold Ashanti examined the North Choco area for porphyry copper in 2005, locating porphyry copper prospects and anomalies. AngloGold was unable to follow up and the area has sat idle until Andagueda Mining completed its historic agreement earlier this year.

Max’s Choco Gold-Platinum Property (2.140 sq. km) is located adjacent to and SW of North Choco and covers or is adjacent to historic production of 1.5Mozs gold and 1.0Mozs platinum. Free gold was observed from hard-rock conglomerates taken from surface in February of 2019. A follow up Long Wave InfraRed (LWIR) survey identified multiple conglomerate zones spread over a 1,000 sq. km area. Test work is continuing on accessing the fine gold within the conglomerates and the second phase exploration program will commence soon.

About Max Resource Corp.

Max is a mineral exploration company focused on the development and acquisition of prospective projects in the rich mineral belts of Colombia. The company has established significant exploration infrastructure and local community support for the Choco gold and platinum project, located 100km south of Medellin, which covers, or is adjacent to, historic production of 1.5 million ounces of gold and one million ounces of platinum. The company’s Gachala copper project is located 60km east of Bogota. The company is led by a seasoned management team with a record of significant discovery and exploration success.

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MiningIR hosts a variety of articles from a range of sources. Our content, while interesting, should not be considered as formal financial advice. Always seek professional guidance and consult a range of sources before investing.
James Hyland, MiningIR