Max Resource Receives Three Additional Mining Concession Contracts for URU, CESAR Project in NE Colombia
Vancouver, British Columbia--(Newsfile Corp. - November 24, 2021) - MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report that it has been granted three key Mining Concession Contracts for a total of four for the URU zone, located along the CESAR North 90-kilometre-long copper-silver belt, within its wholly-owned CESAR project, Northeastern Colombia.
The four Mining Concession Contracts are contiguous and collectively cover an expanse of 70-km². To date, the URU copper-silver mineralization is identified over 48-km².
URU remains open in all directions and has recorded highlight values of 14.8% copper and 132 g/t silver, from sampling that included thirteen samples in excess of 3.0% copper, sixty-nine samples in excess of 1.0% copper and fourteen samples in excess of 15 g/t silver. Sample widths range from 0.5 to 25.0m.
Next Steps for URU
Infill mapping and sampling of the entire 70-km²
Ground geophysical surveys to zero in on drill targets
Environmental and socio-economic surveys for drill permitting
Phase one drilling of the delineated targets
"These four strategic Mining Concession Contracts provide secure tenure of the URU zone and immediately forge the way for more advanced work programs, surveys and drill permitting," commented Max CEO, Brett Matich.
"Achieving this critical milestone expedites Max's first drill program at URU, being a significant event in the Cesar basin since the discovery of Cerrejón, the largest coal mine in South America and the basis for much of the critical infrastructure in the Cesar basin," he continued.
"Max's exploration focus aligns directly with the Agencia Nacional de Minera's strategy of copper exploitation and future development of the Cesar basin," he concluded. |
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