Exploring for Critical Metals
About Max Resource
Max Resource Corp. (TSXV: MAX) is a mineral exploration company exploring the world’s next sediment-hosted copper district in Colombia and DSO iron ore within the Iron Quadrangle in Brazil, hosting some of the largest DSO mines in the world.
“The AM-13 discovery is a significant achievement by the Max team working with Freeport-McMoRan Exploration Corporation (Freeport), which is earning in at the Sierra Azul Copper-Silver Project to unlock Sierra Azul’s potential, which we believe is host to one of the world’s largest underexplored sedimentary and volcanic copper-silver systems.”
- Brett Matich, MAX CEO & President
Colombia
Sierra Azul Copper-Silver
The Sierra Azul (formerly Cesar) copper-silver project consists of 20 mining concessions spanning over 188 km2 and comprises three continuous districts spanning 120-km NNE/SSW. Colombia’s Cesar basin lies along the northern portion of the Andean copper belt, the world's largest producing copper belt. This region provides access to major infrastructure resulting from oil & gas and mining operations, including Cerrejón, the largest coal mine in South America, held by global miner Glencore. Max is exploring the world's next sedimentary-hosted copper district along a 120-km copper-silver target zone, where three significant discoveries zones have been made: AM, Conejo and URU.
View Project PageOn May 30, 2024, the Company received exchange approval for an earn-in agreement with Freeport-McMoRan Inc. for a two-stage option to acquire up to an 80% ownership interest in the project by funding cumulative expenditures of C$50 million and making cash payments to Max of C$1.55 million. 2024 exploration at Sierra Azul is fully funded by Freeport-McMoRan Inc. and includes:
- Geophysical, mapping and geochemistry to identify multiple drill targets and build the model of the 200 x 20-km Cesar Copper-Silver basin
- Analyzing 10,000-line-km high-resolution magnetic / radiometric survey
- 28 priority targets identified to date
Brazil
Florália DSO Iron Ore
Subject to TSX Venture approval, Max has executed a Definitive Agreement to purchase 100% of the Florália DSO Iron Ore Project, located within the Iron Quadrangle in Brazil, which hosts some of the largest DSO mines in the world. Florália is located within 20-km of five major iron ore mines, a number of DSO iron ore purchase delivery locations, eliminating major long-haul costs.
The Florália DSO deposit* consists of four distinct bodies of iron ore mineralization along a southeastern trend. In 2023 Jaguar Mining (TSX-V: JAG) conducted mapping and sampling over DSO mineralization exposed by an historic open pit 80m wide and 40m deep. Channel sampling consisted of 41 channel samples collected over a 151m accumulated length, resulting in the definition of a geological target estimated at 2,971,233 m3 to 4,496,333 m3 or 8,052,041 to 12,184,160 tons using a density of 2.71 g/cm3 at average grade of 58% Fe (DSO benchmark is 58 to 62% Fe).
Florália DSO Property Technical Report View Project Page*Max cautions investors the potential quantity and grade of the iron ore is conceptual in nature, and further cautions there has been insufficient exploration to define a mineral resource and Max is uncertain if further exploration will result in the target being delineated as a mineral resource.