NEWS RELEASE....This News Release is "great!" There is no doubt that MXR will eventually hit $2.00-$3.00 when all drilling is completed and results are out!
Max Resource receives historical drill core for RT
2020-12-21 02:46 ET - News Release
Mr. Tim McNulty reports
MAX RESOURCE OBTAINS HISTORIC DRILLING CORE FROM ITS NEW RT GOLD PROJECT IN PERU
Max Resource Corp. historic drill core has been secured for the RT gold project in Peru. Sixteen hundred metres of diamond drilling was completed on the Tablon gold-bearing massive sulfide in 2001.
Highlight gold-rich drill intersections (refer to Figure 2, Tables 1 and 2):
- 18.8 g/t gold over 16-metres from 35-metres (RT-29)
- 13.0 g/t gold over 3-metres from 33-metre (RT-25)
- 8.8 g/t gold over 25-metres from 13-metres (RT-13)
- 7.0 g/t gold over 6-metres from 0-metres (RT-26)
- 5.3 g/t gold over 17-metres from 12-metres (RT-11)
- 5.0 g/t gold over 9-metres from 2-metres (RT-21)
- 4.9 g/t gold over 14-metres from 41-metres (RT-22)
- 3.1 g/t gold over 21-metres from 9-metres (RT-6)
Source: NI 43:101 Geological Report Rio Tabaconas Gold Project for Golden Alliance Resources Corp. by George Sivertz, Oct.3, 2011. Intervals are core lengths not true widths, which are unknown at this time.
"Management believes results like these are exceptional and rare. Whilst exploration is still at an early stage, the high-grades and thicknesses at shallow depths is remarkable," commented Max CEO, Brett Matich.
"Expansion potential for Tablon is significant, and re-analysis of the historic core will guide selection of high priority drill targets," he continued.
RT Gold, consisting of two contiguous mineral concessions located 760-km northwest of Lima, sits along the Condor mountain chain of northern Peru, within the Cajamarca metallogenic belt. This geological belt extends from central Peru into southern Ecuador, hosting a number of world-class gold deposits. The Company has exclusive rights to earn 100% of RT Gold. (refer to Figure 1).
The RT Gold project contains two distinct and significant mineralized systems: Cerro, a high-grade gold-bearing porphyry zone 2.0-km by 1.5-km; and Tablon, lying 3-km to the north west, a high-grade gold-bearing massive sulfide zone 1.5-km by 1.0-km.
The 2001 drilling of the Tablon zone consisted of 33 holes, ranging from 10.4 to 132.5-metres in length, and dipping from -45o to vertical, over a 400 by 200-metre area. High-grade gold values ranged from 3.1 to 118.1 g/t gold over core lengths ranging from 2.2 to 36.1-metres. In addition, hole RT-29 returned a metallics re-assay value of 186 g/t gold over 2.2-metres, indicating the presence of coarse gold.
Although multi-element analyses were completed on the drill core, only gold assays are available to the Company. Re-assaying will include the full multi-element suite with the objective of delineating high priority drilling targets.
"In addition, exploration is advancing vigorously at the CESAR copper-silver project, where we anticipate initial results from the analysis of the recently obtained historic drill core early in the new year," Max CEO concluded. Tablon zone and highlight drill hole results
DDH Number From (m) To (m) Length Gold g/t F. Assay RT-1 13.50 15.00 1.50 1.16 and 24.00 25.50 1.50 4.59 RT-2 39.50 39.94 0.44 44.05 RT-3 62.18 62.85 0.67 49.99 and 105.76 106.10 0.34 54.89 RT-4 7.85 11.90 4.05 2.23 and 18.02 20.29 2.27 2.67 and 26.29 28.42 2.13 2.61 RT-6 9.07 30.48 21.41 3.10 including 9.07 15.24 6.17 5.48 RT-7 10.08 30.00 19.92 2.41 including 10.08 12.55 2.47 4.55 and 25.53 25.91 0.38 7.44 RT-11 12.01 29.10 17.09 5.32 including 15.54 18.20 2.66 14.20 RT-12 17.41 21.76 4.35 4.71 RT-13 13.41 38.83 25.42 8.78 including 19.85 22.75 2.90 19.81 including 31.21 38.83 7.62 12.61 including 33.72 34.72 1.00 28.24 RT-14 17.68 19.36 1.68 5.47 RT-15 12.80 19.20 6.40 5.85 RT-16 16.17 20.07 3.90 13.18 RT-21 1.52 10.97 9.45 5.08 RT-22 8.45 9.50 1.05 2.58 and 31.39 33.80 2.40 3.21 and 40.75 54.86 14.11 4.85 RT-25 33.00 36.1 3.1 12.97 including 33.00 34.00 1.00 33.30 RT-26 0.00 6.00 6.00 6.95 including 1.00 2.00 1.00 17.37 and 12.02 13.00 0.98 2.80 and 17.00 18.00 1.00 2.98 RT-27 9.76 12.00 2.24 1.49 and 26.00 27.00 1.00 1.43 RT-28 1.52 10.54 9.02 1.93 and 18.35 28.10 9.75 2.21 including 23.34 25.71 2.37 5.99 RT-29 1.20 8.00 6.80 2.75 and 34.85 51.25 16.40 17.99 including 42.00 44.15 2.15 118.10
Table 1. Diamond Drill Hole (DDH) intersections and gold fire assay results. Source: NI 43:101 Geological Report Rio Tabaconas Gold Project for Golden Alliance Resources Corp. by George Sivertz, Oct.3, 2011. Intervals are core lengths not true widths, which are unknown at this time.
CESAR COPPER-SILVER PROJECT - COLOMBIA
The CESAR project spans an area of ~500 sq.km in North Eastern Colombia, covering a major part of a 200-km long sediment-hosted copper-silver belt. The CESAR region enjoys major infrastructure as a result of oil & gas and mining operations, including Cerrejon, the largest coal mine in Latin America, jointly owned by global miners BHP Billiton, XStrata and Anglo American (refer to Figure 1).
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 (July 29, 2020);
- AM South: occurring along the same stratabound mineralized trend, 40-km SSW of AM North, covering 16 sq.km, open laterally. Highlight values of 6.8% copper and 168 g/t silver from 0.1 to 25-metre intervals, suggest these horizons could be of significant size (October 7, 2020);
- CESAR South: a newly acquired 340 sq.km property, hosting stratabound copper-silver over at least 15-km of strike with highlight grab sample values of 11.4% copper + 656 g/t silver;
- Fathom Geophysics is currently interpreting new geophysical data funded by the Company in collaboration with one of the world's leading copper producers;
- Ongoing structural analysis, drill core logging and interpretation of seismic data is being conducted by Ingenieria Geologica Universidad Nacional de Colombia ("IGUN") in Medellin, in conjunction with the Max team.
ABOUT MAX RESOURCE CORP.
Max Resource Corp. is advancing both its stratabound Kupferschiefer type CESAR copper-silver project in Colombia and the newly acquired RT Gold project in Peru. Both projects have potential for the discovery of large-scale copper and precious metals deposits.
Tim Henneberry, P Geo (British Columbia), a member of the Max Resource Advisory Board, is the Qualified Person who has reviewed and approved the technical content of this news release on behalf of the Company.
We seek Safe Harbor.
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