'The discovery strongly suggests the CESAR copper-silver mineralized horizon at surface, continues down dip in excess of many kilometres. The XRF analysis confirms the CESAR project as a regional stratabound copper-silver system, analogous to
'Over the past year Max has demonstrated the regional scale and lateral continuity of the CESAR stratabound copper-silver mineralization, already traced for over 200-kilometres along strike and now encountered in historical drill core extending down dip to depths in excess of 400-metres,' he continued.
'
As previously reported, the structural study is being conducted by Max in collaboration with the Ingenieria Geologica Universidad Nacional de
Max will continue with drill core analysis, further advancing the structural model by superimposing drill holes and identified core intervals with copper on to seismic sections and projecting the mineralized horizon to surface. All observed data is being recorded into the Company database to construct a (3D) three-dimensional model.
In addition, the structural study provides a guide for
Max cautions investors, while an XRF unit can detect anomalous concentrations of various metals within the core, the reading is not an assay completed at an accredited assay laboratory Max is utilizing the XRF unit for qualitative, not quantitative analysis of the cores of the presence copper.
The copper enriched intervals of the historic drill core are hosted in grey sandstone that changes to red (hematite rich) outside copper enrichment. This zonation from red hematite enriched sandstone to grey is very characteristic of
The Kupferschiefer deposits,
At the 2020 Colombia Gold Symposium in
Source:
Max cautions investors that the presence of copper-silver mineralization at Kupferschiefer is not necessarily indicative of similar mineralization at CESAR.
CESAR COPPER-SILVER PROJECT -
The CESAR project in north eastern
Max has entered into three non-exclusive confidentiality agreements regarding the CESAR project: one with one of the world's leading copper producers; a second with a global mining company and a third with a mid-tier copper explorer.
The exploration priorities for the CESAR project are: regional geochemical sampling, structural modelling interpretation of seismic data, analysis of oil & gas drill cores and expansion of landholdings.
Exploration activities on multiple fronts include:
AM North: consisting of 29 sq.km of continuous copper-silver mineralization, open along strike and down dip, containing a high-grade area with varying intervals grading 4.0 to 34.4% copper + 28 to 305 g/t silver (
RT GOLD PROJECT -
RT Gold, consisting of two contiguous mineral concessions located 760-km northwest of
RT Gold encompasses two distinct and significant mineralized systems: CERRO, a high-grade gold-bearing porphyry zone 2.0-km by 1.5-km, open in all directions and TABLON, a high-grade gold-bearing massive sulfide zone 1.5-km by 1.0-km, lying 3-km to the north west.
Next Steps: The Max in-country team plans to re-cut and assay 1,600-metres of historic drill core, sourced from the TABLON 2001 drill program to guide selection of high priority drill targets. Max is also conducting reinterpretation of the Induced polarization (IP) data for both the TABLON and CERRO zones.
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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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