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MAX Resource Expands North Choco Adding Two Historic Gold Anomalies
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2019) - MAX RESOURCE CORP. (TSXV: M...
About this update from Max Resource Corp
[{"type":"text","content":"MAX Resource Expands North Choco Adding Two Historic Gold AnomaliesVancouver, British Columbia--(Newsfile Corp. - August 14, 2019) - MAX RESOURCE CORP. (TSXV: MXR) (FSE: M1D1) (\"Max\" or the \"Company\") is pleased to report that the North Choco Property area has been expanded to the north by strategic staking of approximately 300 sq. km and now encompasses two historic INGEOMINAS gold anomalies. The North Choco Project is located 80 km SW of Medellin, Colombia. Max is acquiring North Choco, through the pending acquisition of Andagueda Mining Pty. Ltd. (see news release of May 8, 2019). Highlights include:The historic NW gold anomaly, approximately 5 km long and 4 km wide with a highlight rock sample of 15 g/t and the historic NE gold anomaly, approximately 6 km long and 5 km wide rock with a highlight rock sample of 12 g/t;The Nuevo Chaquiro (6.1Moz gold & 3.95Mt Cu) deposit is located 45 km and 35 km respectively, east of the east boundary of the NW and NE anomalies. Max cautions investors that results from nearby properties are not necessarily representative of the mineralization hosted at North Choco;Max consultants are currently reviewing data from a recent cloud-stitched Longwave InfraRed (LWIR) survey over the NW and NE gold anomalies prior to commencing next week's on-ground exploration program;Our team has now completed its exploration program over one of the gold-copper porphyry targets, taking 71 samples over a 20 sq. km area and is awaiting assay results; (refer to the figure on page 2)The location of the two gold anomalies is taken from the INGEOMINAS Map \"Mapa De Anomalies Geoquimicas De Colombia\". Max is currently sourcing the historic exploration data for the two gold anomalies. Max has yet to verify this historic exploration information. The Neuvo Chaquiro inferred resource was disclosed in \"Discovery and Geology of the Nuevo Chaquiro Cu-Au (Ag-Mo) Porphyry Deposit\" by N. Winer, VP Greenfields Colombia, AngloGold Ashanti and undated. \"The North Choco property expansion now encompasses twelve historic gold mines and historic gold anomalies that are collectively spread over an area of 130 sq. km significantly expanding our gold exploration portfolio,\" Max CEO, Brett Matich, stated. \"Max's field team plans to commence the exploration program on the NW and NE anomalies as early as next week\"Figure 1To v...