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Max Resource Secures Major Landholdings Over 140-kilometres of the Prospective Copper-Silver Belt at its CESAR Project, NE Colombia
Vancouver, British Columbia--(Newsfile Corp. - January 27, 2021) - MAX RESOURCE CORP. (TSX...
About this update from Max Resource Corp
[{"type":"text","content":"Max Resource Secures Major Landholdings Over 140-kilometres of the Prospective Copper-Silver Belt at its CESAR Project, NE ColombiaVancouver, British Columbia--(Newsfile Corp. - January 27, 2021) - MAX RESOURCE CORP. (TSXV: MXR) (OTC: MXROF) (FSE: M1D2) (\"Max\" or the \"Company\") is pleased to report the newly acquired CESAR West, encompassing approximately 2,000 square kilometres of highly prospective areas for copper-silver mineralization, at the Company's wholly owned CESAR project, North Eastern Colombia (refer to Figure 1).\"CESAR West was identified through surface structural mapping, interpretation of available seismic sections and drill core review. The Max in-country field crew have commenced sampling and mapping for Jurassic host rock and copper-silver mineralization along this new continuous 140-kilometre-long landholding,\" commented Max CEO, Brett Matich. \"Max has achieved a major milestone, expanding its landholdings in the CESAR Basin by over 300%. The newly discovered area lies along the central-western part of the CESAR Basin, and, together with the recent copper discovery at depth, supports the regional scale potential of the CESAR project,\" he concluded.Figure 1. CESAR West, 140-km of highly prospective areas for copper-silver mineralization.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/3834/72952_c4931c55b473bb1d_001full.jpgorhttps://www.maxresource.com/images/news/MXR_2021-01-27_EN_Fig1.jpgMax believes that the stratabound mineralized system in the CESAR Basin is analogous to the Kupferschiefer Basin in Poland. The Kupferschiefer deposits, Europe's largest copper source, produced 3MT of copper in 2018 and 40 million ounces of silver in 2019 from an orebody 0.5 to 5.5-metres thick, grading 1.49% copper and 48.6 g/t silver. This silver yield is almost twice the production of the world's second largest silver mine.Source: World Silver Survey 2020 and Kupferschiefer Deposits & Prospects in SW Poland, September 27, 2019. Max cautions investors that the presence of copper-silver mineralization at Kupferschiefer is not necessarily indicative of similar mineralization at CESAR.CESAR COPPER-SILVER PROJECT IN COLOMBIAThe CESAR project in North Eastern Colombia covers the major portion of over 200-km long Cesar Basin with identified statabound sediment-hosted copper...