The 100% owned CESAR Project is located in north east Colombia within Jurassic sediments and volcaniclastics that run through the length of northern South America, hosting significant stratabound copper-silver mineralization in Ecuador and Peru. CESAR is in a region with significant infrastructure including major oil-gas and coal operations, shipping ports, townships, railways and roadways.
Cesar is very similar to KGHM’s Kupferschiefer, the world’s most known type of sedimentary stratabound system sprawling across the southern Permian basin of Poland. KGHM is the eighth largest copper producer and the largest silver producer in the world.
The schematic above is of KGHM’s Kupferschiefer in Poland. According to the US Geological Survey, Kupferschiefer averages thickness of 2m, and extends down dip and laterally on strike for many kilometers.
The 15-metre interval oblique to stratigraphy, continues under soil cover. In addition, Outcrop-2 chip sampling returned 4.2% copper and 15 g/t silver open-ended over 0.8-metre. The AM Horizon and Outcrop Zone are coupled as the “AM Zone” extending to 5 km on strike, open in all directions with indications of significant lateral continuity. The Company is awaiting assay results from a newly discovered zone, on trend, 35 km north of the “AM Zone”.
Highlight rock chip intervals and values from the AM Zone (Table 1):
"The AM Zone has the makings of a large high-grade copper and silver discovery... We look forward to the assay results from the new zone located 35 km north."- Brett Matich, Max Resource Corp. CEO
Table 1. AM Zone rock chip values grading 1% copper and greater. The Company considers rock chip sampling to be representative across their reported widths.
|Copper Grade||Silver Grade||Thickness Interval||Number|
|4.3%||26 g/t||3.0m x 3.0m panel||OC-1|
|2.4%||11 g/t||3.0m x 3.0m panel||OC-9|
|1.9%||20 g.t||3.0m x 2.0m panel||OC-6|
|1.8%||27 g/t||3.0m x 2.0m panel||OC-3|
|1.8%||13 g/t||3.0m x 3.0m panel||OC-1|
|1.7%||20 g/t||3.0m x 2.0m panel||OC-5|
|1.5%||9 g/t||3.0m x 3.0m panel||OC-1|
|1.4%||4 g/t||3.0m x 2.0m panel||OC-10|
|1.2%||4 g/t||3.0m x 3.0m panel||OC-11|
|1.2%||2 g/t||3.0m x 3.0m panel||OC-10|
|1.0%||15 g/t||3.0m x 3.0m panel||OC-8|
|1.0%||25 g/t||3.0m x 3.0m panel||OC-12|
The Phase II program is currently conducting follow-up on grab samples with highlight grades of 4.7% copper and 116 g/t silver.
The Company cautions investors that grab samples are selected samples and are not necessarily representative of mineralization hosted on the property.