Max Resource Corp. (TSXV: MAX): Unveiling Rich Resources in Colombia
Dear Shareholders,
As we approach the close of the year, I want to share with you that Max Resource Corp. has charted an impressive course marked by notable achievements and strategic advancements in our wholly-owned CESAR copper-silver project located in northeastern Colombia. Over the last 12 months the company's success is underscored by the discoveries of compelling new target areas on the AM District, the acquisition of additional mineral tenures, and the continued exploration initiative along 120-km CESAR project. These accomplishments, complemented by leadership reinforcements and a commitment to an innovative modern exploration approach, position of Max Resource Corp. for sustained growth and success in the year and years to come.
As we reflect on the work completed in 2023, I am pleased to highlight some of the more important achievements of our team. It has been a year of significant strides, from promising high-grade surface results at the AM District, to expanding our footprint with new mineral tenures. Our team's dedication, coupled with your unwavering support, has contributed to our long-term success. These milestones reinforce our systematic exploration model which is critical to unlocking the value and driving growth for Max’s CESAR project.
We thank you for being an integral part of our journey.
AM District Target Map
Recent Developments:
High-Grade Results at AM-08 (November 21, 2023):
- Max Resource reported high-grade assay results from rock chip channel sampling at the AM-08 target within the CESAR Project. Notable results include 2.6% Copper and 58 g/t Silver over 15 meters.
Mineral Tenure Expansion (November 7, 2023):
- The company secured twelve additional mining concessions, covering over 132 square kilometers, extending its wholly owned Cesar Copper Project. The project now spans over 120 km along strike.
Identification of New Target Areas (October 24, 2023):
- Preliminary airborne magnetic-radiometric survey data identified four new target areas (AM-9 to AM-12) within the AM District of the CESAR Project, showcasing the effectiveness of the survey.
Corporate Advancements:
Leadership Strengthening (July 26, 2023):
- Max Resource appointed Mr. Bruce Counts as Vice President of Exploration, enhancing the leadership team's capabilities to advance the CESAR Copper-Silver project.
Exploration Initiatives:
Airborne Geophysical Survey (August 31, 2023):
- Max Resource commenced a high-resolution airborne magnetic and radiometric survey over the entire AM District, a crucial step in understanding the geological potential of the CESAR Project.
Drilling Results Confirmation (January 24, 2023):
- The initial drilling program at the CESAR Project confirmed high-grade copper-silver assays, including 10.6 meters at 3.4% Copper and 48 g/t Silver.
Future Prospects:
Max stands at the forefront of unlocking significant mineral potential in the CESAR basin with the potential of making Colombia a world leading copper producer. Backed by a dedicated group of institutional and retail investors, a robust modern exploration strategy and a seasoned leadership team, and committed industry partners, the Company continues to advance the CESAR project through new high-grade copper silver surface discoveries and by expanding its mineral tenure.
In 2024 we will undertake a second drill program on the CESAR targeting the AM District. Having completed extensive surface exploration and airborne survey in 2023, we have identified and confirmed a significant number of highly prospective targets.
Best wishes to you and yours in this holiday season, and may the coming year bring prosperity and success.
Sincerely,
Brett Matich
President & CEO