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Max Resource Corp. Identifies 8 LWIR Targets at Gachala
Vancouver, British Columbia--(Newsfile Corp. - March 8, 2018) - MAX RESOURCE CORP.  ( TS...
About this update from Max Resource Corp
[{"type":"text","content":"Max Resource Corp. Identifies 8 LWIR Targets at GachalaVancouver, British Columbia--(Newsfile Corp. - March 8, 2018) - MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D) (\"MXR\" or the \"Company\") is pleased to release Initial Long Wave InfraRed (\"LWIR\") results, continuing the due diligence in support of its acquisition of Copperbelt Minerals Corp's Gachala Copper Project, 50 kilometres east of Bogota, Colombia (the \"Property\"), as detailed in its February 26, 2018 news release.The 3,400 square kilometre LWIR survey identified 8 separate targets within the 400 square kilometre Property showing spectral best match signatures for chalcocite, supported by best spectral match signatures for chalcopyrite. Individual targets ranged from 1 kilometre to 10 kilometres in length for an aggregate target length of 40 kilometres. The Gachala Copper Project covers 25km of a 250km by 120km belt of Devonian through Cretaceous age rocks in a geological setting conducive to hosting sedimentary copper deposits. Mineralization appears to be localized at the contact between the Devonian-Permain red beds and the overlying Cretaceous reducing black shales, one of the settings typical of these copper deposits. Many of the LWIR target signatures are concentrated at this contact. The MXR field teams plan to conduct a number of preliminary follow-up sampling programs over the 40 kilometres of LWIR anomalous zones, so results will be released in batches.Interpretation of the remaining 2,800 square kilometre area the LWIR covered is underway. Results will be released as they are made available.MXR is still waiting for assay results from an extensive channel sampling program taken from an outcrop near the historic Cerro de Cobre copper mine, including a zone returning 22.8 m averaging 3.16% copper. (The historic sampling was completed by Colombian Mines Corporation as disclosed in their 15-May-2008 News Release. The orientation of the mineralization is unknown and will require further mapping).Assay results from a newly discovered area located 700 meters north of Cerro de Cobre are pending.Additional results from the examination of a number of other areas around the Property area.Brett Matich, MXR Chief Executive Officer, commented: \"Our on-going due diligence continues to confirm our staunch believe the Gachala project will become a cr...