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Max Resource Reports High-Grade Assays from the Florália Hematite DSO Project in Minas Gerais, Brazil
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2025) - MAX RESOURCE CORP. (TSXV: MAX)...
About this update from Max Resource Corp
[{"type":"text","content":"Max Resource Reports High-Grade Assays from the Florália Hematite DSO Project in Minas Gerais, BrazilVancouver, British Columbia--(Newsfile Corp. - March 31, 2025) - MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) (\"Max\" or the \"Company\") is pleased to report an update on the Florália Hematite DSO Project (\"Florália DSO\") located 67 km east of Belo Horizonte, Minas Gerais, Brazil's largest iron ore and steel producing state.Max has received high-grade assay results. To date, a total of 174 channel samples were taken across banded iron formation (BIF), with 131 returning values from 50 to 61% Fe with highlight value of 64.7% Fe (19mm fraction). Phosphorus values were low ranging from 0.01% to 0.05% (refer to Tables 2, 3 & Figure 1).In addition, dry magnetic tests of 3 bulk (200 kg) samples, coarse crushed (<6.35mm), with a single pass, in a simple low magnetic drum circuit successfully increased Fe values from 4 to >6%. Typical next level magnetic intensity test work underway with the objective of further increasing Fe values (refer to Table below & Figure 3). 200 kg samples were collected and delivered to Fundação Gorceix é uma Instituição, Ouro Preto, Minas Gerais, Brazil for dry magnetic test work.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3834/246663_b8872802a4689aad_001full.jpg We are pleased to report the inaugural 2025 drilling program consisting of approximately 800m of auger and 800m of diamond drilling nears completion. Preliminary results are due shortly (refer to Figures 2 and 3).Max's inaugural 2024 exploration program resulted in the technical team significantly increasing the Florália DSO geological target from 8-12mt at 58% Fe to 50 to 70mt at 55%-61% Fe. Max cautions investors the potential quantity and grade of the iron ore is conceptual in nature, and further cautions there has been insufficient exploration to define a mineral resource and Max is uncertain if further exploration will result in the target being delineated as a mineral resource. Hematite mineralization tonnage potential estimation is based on in situ high-grade outcrops and interpreted and modelled magnetic anomalies. Density value used for the estimate is 2.8t/m³. Hematite sample grades range between 55-61%...