Business
Max Outlines Gold Copper Zone at North Choco
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2019) - MAX RESOURCE CORP. (TSXV: MXR)...
About this update from Max Resource Corp
[{"type":"text","content":"Max Outlines Gold Copper Zone at North ChocoVancouver, British Columbia--(Newsfile Corp. - June 5, 2019) - MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D1) (\"Max\" or the \"Company\") is pleased to report further results from its initial sampling program at North Choco Gold-Copper have identified anomalous gold and copper at surface within an area approximately 5 km by 7.5 km and open in all directions. Max is acquiring the North Choco Property, located 80 km SW of Medellin, Colombia, through the pending acquisition of Andagueda Mining Pty. Ltd. (see news release of May 8, 2019). A total of 74 rock chip samples were taken in the area with gold values ranging from 5 to 80,000 ppb (80 g/t) gold and copper values ranging from 14.5 ppm to 18,200 ppm (1.82%) copper;Average grades were 537 ppb gold and 640 ppm Copper, medians were 25 ppb Au and 171 ppm Cu;Sample widths of the individual chip samples ranged from 0.125 to 1.00 metres with the majority in the 0.30 to 0.40 metre range;Copper minerals included: chalcopyrite, chalcocite and occasional bornite;Assay results are pending on a further 88 samples.\"Our exploration campaign continues to produce excellent results\" Max CEO, Brett Matich, stated. \"We have already identified a large area of anomalous gold copper mineralization and will now focus on expanding mineralization foot print, with further assay results pending,\" he continued. Image 1To view an enhanced version of Image 1, please visit:https://orders.newsfilecorp.com/files/3834/45313_09f790c5c47efa0a_002full.jpgNorth Choco Gold-Copper and Choco Gold-PlatinumNorth Choco Gold-Copper (500 sq. km) is located 80 km SW of Medellin and is contiguous to properties held by AngloGold Ashanti and Continental Gold 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 4 million tons of copper and 6 million ounces 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...