The inaugural drill program at URU-C and URU-CE consists of at least 2,000m of drilling on 4 pads with 8 drill holes testing to a maximum depth of 350m. This is the first ever drilling program within the URU 20-km-long copper-silver District (refer to Figures/Videos 1, 4, 5 and 6).
A second phase drilling program will immediately follow and continue through to year-end.
Highlights
Drilling is currently underway at URU-C and URU-CE targeting down dip continuity, while identifying the broader large-scale potential of this copper-silver mineralized system
Multiple geophysical targets within the URU-C and URU-CE zones will also be drill tested
Max anticipates mineralized intervals will be released prior to assays, as the chalcocite copper mineralization is distinctly visual as veinlets, stockworks and breccias (refer to Figure 2)
URU-C and URU-CE Drill Target Delineation
Max has extended the Ground Magnetometry (TMI) survey to 20-line-km over the northern extension
Representative rock and soil sampling will be carried out along all IP and TMI lines (20-line-km) and along the northern extensions to delineate new drill targets (refer to Figure 6)
In addition, a magneto telluric (MT) survey is also planned to complement historic seismic data available for the Cesar basin.
'This inaugural drill program at URU will provide the first peek at the geology, the continuity and broad extent of the copper-silver mineralization at depth, for both URU-C and URU-CE discoveries. Follow-up drilling will target mineralization along strike and newly defined geophysical targets,' commented Max CEO,
'To gauge the enormity of the
'In addition,
First URU-Central discovery (URU-C) returned chip channel widths of 9.0m @ 8.0% copper + 115 g/t silver (new results) and 16.8m @ 8.3% copper + 146 g/t silver at the lower of the prospect. The upper level of URU-C (+190m vertically above and +290m along strike) returned 4.9% copper + 41 g/t silver along a 52m ridgeline, true width is yet to be determined.
The second discovery, URU-CE is located 750m to the east of URU-C and 373m vertically above URU-C chip channels that returned 9.0m @ 7.0% copper + 115 g/t silver and 16.8m @ 8.3% copper + 146 g/t silver. URU-C consists of substantial sized outcrops with visible copper mineralization trending for over 250m of strike and open in all directions. Continuous channel sampling at URU-CE returned 19.4m @ 1.3% copper + 2.5 g/t silver to be drill tested
About
In addition, Max controls the RT Gold project (100% earn-in) in
The safety of our people and the communities where we operate is most important. We conduct exploration in a manner which supports protection of ecosystems through responsible environmental stewardship.
Source: NI 43:101
Contact:
E: info@maxresource.com
T: (604) 290-8100
E: E. rahim@bluesailcapital.com
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