DGAP-News: MAX Resource Corp. / Key word(s): MiscellaneousMax Resource Corp. Releases Antecedent Chestnut Appraisal Results
06.03.2018 / 13:00The issuer is alone amenable for the agreeable of this announcement.
Vancouver, British Columbia–(Newsfile Corp. – March 6, 2018) – MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D) (‘MXR’ or the ‘Company’) added to our account absolution anachronous February 26 2018, we are admiring to absolution basic chestnut appraisal results, that anatomy allotment of our due diligence, accompanying to the accomplished bounden letter of absorbed (‘LOI’) to admission 100% of the outstanding allotment basic of Copperbelt Minerals Corp. (‘CMC’) a clandestine Canadian aggregation (the ‘Acquisition’), that currently holds the Gachala Copperbelt Project (‘Project’), which covers are breadth of about 400 aboveboard kilometers and is amid in Cundinamarca Department of axial Colombia, about 50 kilometres east of the basic of Bogota.
As allotment of our due activity process, MAX conducted antecedent acceptance sampling at some of the celebrated adits and a accepted mineralized outcrop. The 13 alone grab sample ethics ranged from 0.09% to 11.4% copper. Nine of the 13 samples alternate ethics aloft 1% copper, a complete advertisement of after-effects is included in the table below. Multi-element analyses are pending.
MAX Resource Corp. cautions investors that grab samples are called samples and are not necessarily adumbrative of mineralization hosted on the property.
This antecedent sample affairs forms allotment of the absolute due activity program. The Aggregation is apprehension the following:
Brett Matich, MAX Chief Executive Officer, commented ‘The antecedent assay and the acceptance after-effects announce the Cerro de Cobre host bedrock is a bargain siliciclastic assemblage acknowledging our archetypal of an African Copperbelt-style drop in eastern Colombia, added we are absolute captivated with these after-effects at this aboriginal stage.
Mr. Matich additionally declared ‘Historically, this Cerro de Cobre chestnut abundance has been interpreted as a skarn, about its breadth at the abject of a cogent shale amalgamation amid aloof aloft an accession of breakable red beds acerb fits the chestnut / azure archetypal for mineralization begin in the Democratic Republic of Congo and Zambia. The grades and extents of mineralization empiric are constant with Africa Copperbelt-style mineralization.’
MAX Resource Corp. cautions investors the attendance of chestnut and azure mineralization in the DRC and Zambian deposits is not necessarily apocalyptic of mineralization on the Cerro De Cobre property.
All samples from the Phase I apparent affairs were beatific to the ACTLABS COLOMBIA S.A.S. laboratory, an ISO 9001: 2008 certified facility. All samples were calm by MAX Resource Corp. architect cadre and deeply stored until commitment to ACTLABS. At this aboriginal date of exploration, MAX Resource Corp. is relying on the certified standards activated by ACTLABS as allotment of it assay protocols. No QA/QC anomalies were acclaimed in the analyses.
To appearance an added adaptation of Cerro de Cobre Mineral Claims, amuse visit: https://orders.newsfilecorp.com/files/3834/33342_a1520310071335_77.jpg
The Gachala Chestnut Project
The Project underlies a 400 aboveboard kilometers breadth of a 250 kilometer continued belt of sedimentary rocks believed to be akin to the Zambian Chestnut Belt of Africa. (Source: Rodriguez and Warden (1993). Overview of some Colombian gold deposits and their development potential. Mineralium Deposita Volume 28, pages 47-57).
The Project consists of 4 mineral claims and 21 assay applications accretion about 400 aboveboard kilometers and includes the celebrated Cerro de Cobre chestnut mine, breadth 2008 approach sampling alternate 22.8 metres allocation 3.16% chestnut and 15.3 g/t silver. Subsequent Mobile Metal Ion (MMI) clay sampling authentic a 1,500 accent by 800 accent copper-in-soil aberration encompassing the two zones, accessible in all directions. Colombian Mines Corporation acquainted there was a aerial abeyant for alliteration on the adverse ancillary of the hosting anticline and added acquainted the cartography appropriate mineralization may extend above the banned of accepted aberrant zones. (Source: Colombian Mines Corporation Account Releases anachronous 15-May-2008 and 14-Nov-2012 respectively).
The celebrated sampling accumulated with the contempo mapping and sampling completed by MAX indicates chestnut appears to be broadly broadcast throughout the 400 aboveboard kilometer acreage holdings.
The Aggregation cautions investors that the attendance of chestnut mineralization in the Andean Chestnut Belt is not necessarily apocalyptic of chestnut mineralization on the Project. The Aggregation added cautions investors that it has not yet absolute the absolute data.
What is LWIR
MAX has admission to Continued Wave InfraRed (LWIR) proprietary technology. MAX’s assay was over an breadth of about 10,000 aboveboard kilometers. LWIR is able-bodied ill-fitted to Colombia, as LWIR allows examination of mineral spectra in the aboriginal 30 to 60 cm of the earth’s apparent through close vegetation. LWIR bands accept the adeptness to map or identify, through reflectance spectroscopy adjoin a set of accepted standards, mineral administration over acutely ample areas covered by abstinent frondescence and bank cover. MAX is apprehension the after-effects of the estimation of the LWIR survey, which are accepted soon.
About Max Resource Corp.
Max Resource Corp., a Canadian-based assay company, its focussed on accepting avant-garde assay projects which are amid aural the under-explored arctic breadth of the abundantly able Andean Chestnut Belt, of Colombia.
ON BEHALF OF THE BOARD OF MAX RESOURCE CORP.
Brett Matich, CEO and President
Tim Henneberry, P. Geo (British Columbia), a affiliate of the Max Resource Corp. Advisory Board, is the able being who has advised and accustomed the abstruse agreeable of this account absolution on account of the Company.
Further advice apropos the Aggregation can be begin on SEDAR at www.SEDAR.com, or by contacting the Aggregation anon at (604) 365 1522
Neither the TSX Venture Exchange nor its adjustment casework provider (as that appellation is authentic in the behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this release.
This account absolution includes assertive statements that may be accounted as ‘forward-looking statements’ aural the acceptation of applicative Canadian balance laws. All statements in this release, added than statements of absolute facts, are advanced statements, including, after limitation, statements pertaining to achievement of the Acquisition and any approvals appropriate in affiliation with the Acquisition. Although the Aggregation believes the expectations bidding in such advanced statements are based on reasonable assumptions, such statements are not guarantees of approaching achievement and absolute after-effects or developments may alter materially from those in advanced statements. Factors that could account absolute after-effects to alter materially from those in the advanced statements include: changes in bazaar conditions, bootless assay results, changes in the amount of bolt (particularly copper), hasty changes in key administration cadre and accepted social, bread-and-butter or geo-political conditions. Mining assay and development is an inherently chancy business. Accordingly the absolute contest may alter materially from those projected in the advanced statements. This account is not all-embracing of the factors that may affect any of the Company’s advanced statements. These and added factors should be advised anxiously and readers should not abode disproportionate assurance on the Company’s advanced statements. The Aggregation does not undertake to amend any forward—looking account that may be from time to time by the Aggregation or on its behalf, except in accordance with applicative balance laws. We seek safe harbor.
06.03.2018 Dissemination of a Corporate News, transmitted by DGAP – a account of EQS Group AG.The issuer is alone amenable for the agreeable of this announcement.
The DGAP Administration Casework accommodate Regulatory Announcements, Financial/Corporate Account and Press Releases.Archive at www.dgap.de
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