All six concessions lie within the
Highlights
The AM-7 Target is the 7th discovery by Max in the
The total number of copper-silver targets at the
The AM-7 mineralized horizon is a tabular body that ranges from 0.3m to 2m in width, extends over 1600m along strike and is open in all directions.
AM-7 encompasses five historic open cut copper workings extending over 700m.
The primary copper mineral is Chalcocite (80% by weight copper) with minor malachite.
Rock chip and channel samples have been collected across the outcroppings and results are pending.
Six new Application for Mining Concessions were approved this year.
AM-7 appears to be a significant discovery with potential for multiple stacked mineralized horizons across an impressive strike length of at least 1,600m and is open in all directions. To date, Max has identified 21 copper silver targets through three districts that span over 90-km of the
The significant AM-7 discovery underscores the potential of the
Max is one of the first companies to recognize this part of
Chalcocite is the main copper-bearing mineral in the prospect and is concentrated along stratigraphic laminations, and as disseminated grains. Malachite and azurite have also been observed. Carbonaceous material was associated with all mineralized beds.
Channel and chip samples across AM-7 were collected at intervals over the length of the exposed mineralization. Assays are expected in the coming weeks and will help to define next steps in the evaluation of the AM-7 Target.
Target Evaluation
Max is evaluating the each of the 21 targets it has identified at Cesar for potential drill testing. Assessing each target area includes the following field activities:
Systematic chip and channel sampling of the mineralized outcrops.
Detailed geological and structural mapping of each showing.
Trenching where possible to expose additional mineralization.
Target scale prospecting and soil sampling.
Ground geophysical surveys.
The information gathered during this process will allow the Company to select several of the highest priority targets for testing during the next drill campaign.
Background
In 2022, Max executed a 2-year co-operation agreement with
Starting in the far north of the Jurassic basin, classic stacked red bed outcrops with extensive lateral continuity have been rock sampled over many kilometres within the
To the far south, the 2022 inaugural drilling was initiated at two mineralized surface exposures, each located 0.75-km apart and lie within the
About
In addition, Max controls the RT Gold project (100% earn-in) in
Max is proactive, with the corporate goal of transitioning the CESAR basin towards the mining of copper, the key metal for
Contact:
Tel: (604) 290-8100
Except for statements of historic fact, this news release contains certain 'forward-looking information' within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate' and other similar words, or statements that certain events or conditions 'may' or 'will' occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for
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