In The Market Herald Canada’s latest Capital Compass, we take a look at Max Resource Corp. (TSXV:MAX). This Canada-based mineral exploration company is engaged in advancing its Cesar copper-silver project in Colombia along the northern portion of the Andean belt.
Joining us today is Brett Matich, CEO of Max Resource, to share some more about the company and the project.
TMH: For our listeners who may not be aware, can you give some background about your company?
Matich: Max Resource is listed on the TSX Venture Exchange. Our ticker is MAX, and we’re exploring for copper and silver in northeast Columbia. Our shareholder base is 30 per cent major institutions, 10 per cent are management insiders, and we’re fully funded through to 2025.
TMH: Over the summer, Max Resource welcomed a new addition to its leadership team. Can you talk about the new member and his specific role?
Matich: Over the summer we added Mr. Bruce Counts as VP of exploration. He will specifically lead exploration on the Cesar Project with our 30-strong, in-country team. He has 30 years’ experience on geology and geophysics, and he cut his teeth at Broken Hill Proprietary [BHP].
TMH: Moving to a current project, can you talk to us about the company’s flagship “Cesar Project,” and what it means for Max Resource.
Matich: The Cesar Project has landholdings over a thousand square kilometres along 90 kilometres of strike of the most respective sedimentary copper silver belt in the world. We are first in what we call the Cesar Basin to systematically explore for copper and silver, and we’re currently building on 22 individual copper discoveries.
TMH: And from a forward-looking perspective, does the company have additional exploration plans through the end of this year into 2024?
Matich: Absolutely, using our baseball analogy, we’re at the top of the third inning. Max Resource just completed and announced 4,000 of a 10,000-line kilometre airborne geophysical survey. It covers a whole thousand square kilometres of the Cesar Project. It’s actually the first of its kind.
Preliminary results were announced today [October 24]; we identified four new copper targets following the airborne survey. There’s delineation of drill puck targets and then we’ll move into the second phase of drilling.
The first phase of drilling was back in late last year. We had high-grade results from nine metres at 7 per cent copper, 115 grams to the ton silver, service discovery was converted at depth by drilling intersection 10 metres at 3.4 per cent copper, and 48 grams to the ton silver.
TMH: What makes this company a good investment for those wanting to add a large exploration play to their portfolio?
Matich: Exploring for copper, we’re in the battery metal space. We’re building on 22 new copper-silver discoveries. We’re moving towards the second drilling phase, which we see in 2024. We’re well held by management and institutions, and we’re fully funded all the way through to 2025.
Feel free to follow the company on the TSX Venture Exchange under the symbol MAX, or head to its website at maxresource.com.
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