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Max Resource Corp. Releases Initial Copper Assay Results
Vancouver, British Columbia--(Newsfile Corp. - March 6, 2018) - MAX RESOURCE CORP.   &#x...
About this update from Max Resource Corp
[{"type":"text","content":"Max Resource Corp. Releases Initial Copper Assay ResultsVancouver, British Columbia--(Newsfile Corp. - March 6, 2018) - MAX RESOURCE CORP.  (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D) (\"MXR\" or the \"Company\") further to our news release dated February 26 2018, we are pleased to release preliminary copper assay results, that form part of our due diligence, related to the executed binding letter of intent (\"LOI\") to acquire 100% of the outstanding share capital of Copperbelt Minerals Corp. (\"CMC\") a private Canadian company (the \"Acquisition\"), that currently holds the Gachala Copperbelt Project (\"Project\"), which covers are area of approximately 400 square kilometers and is located in Cundinamarca Department of central Colombia, approximately 50 kilometres east of the capital of Bogota.As part of our due diligence process, MAX conducted initial confirmation sampling at some of the historic adits and a known mineralized outcrop. The 13 individual grab sample values ranged from 0.09% to 11.4% copper. Nine of the 13 samples returned values above 1% copper, a complete listing of results is included in the table below. Multi-element analyses are pending.MAX Resource Corp. cautions investors that grab samples are selected samples and are not necessarily representative of mineralization hosted on the property.This initial sample program forms part of the comprehensive due diligence program. The Company is awaiting the following:Assay results from an extensive channel sampling program, taken from an outcrop near the historic Cerro de Cerro copper mine, which included a zone returning 22.8 m averaging 3.16% copperAssay results from a newly discovered area located 700 meters north of Cerro de Cobre.Results of the interpretation of the Longwave infrared (LWIR) survey, in identifying copper anomalies in areas of dense and ground cover. This survey was conducted last month and covered an area of approximately 10,000 square kilometers and includes MXR’s 400 square kilometer Project area.Results from examination of a number of other areas around the Project area.Brett Matich, MAX Chief Executive Officer, commented \"The initial examination and the confirmation results indicate the Cerro de Cobre host rock is a reduced siliciclastic unit supporting our model of an African Copperbelt-style deposit in eastern Colombi...