Max Resource Reports Initial IP Drill Targets, Cesar Project in NE Colombia
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.