MAX RESOURCE CORP. reported initial results of the high-resolution ground Induced Polarization survey. The IP chargeability correlates with the two URU-Central copper-silver rich discoveries and extends at least 200m below surface. The IP data is to be integrated into a detailed geological and structural three-dimensional model for the upcoming drill program. First URU-Central discovery, URU-C returned chip channel widths of 9.0m@7.0% copper + 115 g/t silver and 16.8m@8.3% copper + 146 g/t silver at the lower levels of the prospect. The upper level (+190m vertically above) is +290m along strike and returned 4.9% copper + 41 g/t silver along a 52m ridgeline, true width yet to be determined. The second discovery, URU-CE is located 750m to the east of URU-C, consisting of substantial sized outcrops with visible copper mineralization +15m wide, trending SSW for +250m of strike, open in all directions. The Company's wholly owned URU-Central forms part of the 20-km-long URU district, located along the southern portion of the CESAR North 90-km-long copper-silver belt. Initial results show the primary chalcocite mineralization extends from surface and displays a clearly defined chargeability contrast with the known unmineralized barren wall rocks. The IP results indicate that the defined surface mineralization
appears to continue both along strike and at least 200m vertically at the two parallel discoveries (URU-C and URU-CE). The high-resolution IP survey generates three-dimensional chargeability and resistivity data to vertical depths of 200m. The initial ongoing 4-line-km survey was conducted over four lines spaced at 100m and with IP stations every 50m and confirmed strong correlation between surface copper-silver rich rock geochemistry and IP chargeability zones. CESAR lies along the copper-silver rich 200-kilometre-long Cesar Basin in Northeastern Colombia. This region provides access to major infrastructure resulting from oil & gas and mining operations, including Cerrejón, the largest coal mine in South America, held by global miner Glencore. Max's mining concessions collectively expanse over 212-km². Max is proactive, with the corporate goal of moving the Cesar basin towards the mining of copper, the key metal for the Colombia's transition to clean energy. Max executed a 2-year co-operation agreement with Endeavour Silver Corp. which assists Max to significantly expand its 100% owned landholdings at CESAR, Endeavour will hold underlying 0.5% NSR. Max is focusing on three major copper-silver districts individually located along the CESAR 90-kilometre-long belt, with the objective of expanding the zones and defining drill targets: The 32-km long AM district with highlight values of 34.4% copper and 305 g/t silver; The Conejo district, averages 4.9% copper (2% cut-off) over 3.7-km; The 20-km long URU district returned 7.0m@8.5% copper+143 g/t silver and 16.8m@8.3% copper+146 g/t silver
Geologically, Max interprets the sediment-hosted copper-silver mineralization in the Cesar basin to be analogous to both the Central African Copper Belt (CACB) in the south and the Kupferschiefer deposits in Poland of the CESAR copper- silver belt. Almost 50% of the copper known to exist in sediment-hosted deposits is contained in the CACB, including Ivanhoe Mines Ltd. 95-billion-pound Kamoa-Kakula discovery in the Congo. Kupferschiefer, the world's largest silver producer and Europe's largest copper source, is a mining orebody ranging from 0.5 to 5.5m thick at depths of 500m, grading 1.49% copper and 48.6 g/t silver. The silver yield is almost twice the production of the world's second largest silver mine.