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MAX Resource Reports Presence of Silver-Bearing Copper Sulfides and Native Silver in the AM South Zone at CESAR Project, NE Colombia
Vancouver, British Columbia--(Newsfile Corp. - August 25, 2020) - MAX RESOURCE CORP. (TSX...
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[{"type":"text","content":"MAX Resource Reports Presence of Silver-Bearing Copper Sulfides and Native Silver in the AM South Zone at CESAR Project, NE ColombiaVancouver, British Columbia--(Newsfile Corp. - August 25, 2020) - MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D2) (\"Max\" or the \"Company\") is pleased to report the presence of silver-bearing copper sulfides and native silver from samples analyzed during the initial stage of the on-going study by the AGH-University of Science and Technology (\"AGH\") of Krakow, Poland. The presence of these two forms of silver was identified in samples from the AM South zone on the Company's wholly-owned CESAR project, located 420-km north of Bogota, Colombia (Figures 2 and 3).Sample (425775) from the AM South copper-silver stratabound zone was delivered for mineralogical study to AGH, Poland. The presence of silver-bearing chalcocite and covellite as well as native silver was identified using \"Energy Dispersive Spectroscopy\" (EDS) analysis (Figure 1). Silver, after copper, is the most important element in the Kupferschiefer stratabound deposit. At the KGHM Polska Miedź S.A. (\"KGHM\") Kupferschiefer, silver occurs as native silver, amalgamats of silver-mercury but most commonly in copper sulfides: chalcocite and bornite (The Kupferschiefer Deposits and Prospects in SW Poland: Past, Present and Future, 4. Ore Controls by KGHM, 2019). The Max technical team continues to build a geological model based on KGHM's Kupferschiefer, Europe's largest copper deposit, with production in 2018 of 30 million tonnes grading 1.49% copper and 48.6 g/t silver from a mineralized zone of 0.5 to 5.5-metre thickness. The Kupferschiefer deposit is also the world's leading silver producer, yielding 40 million ounces in 2019, almost twice the production of the world's second largest silver mine (World Silver Survey 2020). Max cautions investors that the use of the Kupferschiefer as a geological model is not necessarily indicative of mineralization at CESAR.\"The initial study results from AGH are significant as they identified the presence silver-bearing chalcocite and covellite as well as native silver at AM South. Silver is a key component of stratabound copper deposits, so we are extremely pleased with CESAR's silver content. The presence of silver further substantiates a Kupferschiefer type system at CESAR,\" sa...