Vancouver, British Columbia, Jun 27, 2022 (Newsfile Corp via COMTEX) -- Vancouver, British Columbia--(Newsfile Corp. - June 27, 2022) - MAX RESOURCE CORP. (otc pink:MXROF) /zigman2/quotes/203902478/delayed DE:M1D2 -14.56% ("Max" or the "Company") is pleased to report it has been awarded eleven additional Mining Concession Contracts ("Concessions") for the 20-kilometre-long URU zone, located along the southern portion of the CESAR North 90-kilometre-long copper-silver belt, within its wholly-owned CESAR project, Northeastern Colombia.
The Concessions at URU now cover 99-km² and Max's CESAR project Concessions now collectively total an aggregate of over 212-km².
Each Concession has an initial term of 30-years and extension for a further 30-years for a total duration of 60-years.
"The 212-km² of Mining Concession Contracts are wholly-owned and provide secure tenure for development of Max's CESAR project for the years ahead. This achievement will add additional targets for Max's first drill program at URU, the most significant event in the Cesar basin since the discovery of Cerrejón, the largest coal mine in South America and the basis for much of the critical infrastructure in the Cesar basin," commented Max CEO, Brett Matich.
"Max Resource's Environmental Survey has been accepted by the National Mining Agency of Colombia and approval to drill is expected in the coming weeks. Max is currently conducting field work and ground geophysical surveys to expand the URU drilling target area . Max's exploration focus aligns directly with Colombia's National Mining Agency strategy of transitioning from fossil fuels to copper exploration and future development of the Cesar basin. Furthermore, Max is fully funded with over $21 million in the treasury ," he concluded.
Figure 1. Mining Concession Contract
To view an enhanced version of Figure 1, please visit:
Figure 2. Presentation to Max by the ANM
To view an enhanced version of Figure 2, please visit:
Figure 3: CESAR copper-silver project
To view an enhanced version of Figure 3, please visit:
Figure 4: URU drill target area
(Click the play icon to view URU Discovery drone video)
To view an enhanced version of Figure 4, please visit:
Cesar Copper Silver Project
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 in the goal of moving the Cesar basin towards the mining of copper, the key metal for the Colombia's transition to clean energy.
Recently a co-operation agreement was executed 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 zones 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 zone with highlight values of 34.4% copper and 305 g/t silver