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Max Resource Increases Cesar Copper-Silver Project Ownership to 100%

Mining News - Published on Thu, 21 Nov 2019

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Max Resource Corp reported that the company has executed an agreement increasing the ownership of its Cesar Copper-Silver project in Colombia to 100%. The Vendor has agreed to retain a share of profits from production, on existing and any future Cesar mineral applications staked by Max. The Cesar Copper-Silver project lies within the Andean Copper Belt which runs north and south along the west side of South America and is the most prolific copper producing region in the world. Cesar represents a type of sedimentary hosted copper mineralization which is typically flat lying, near surface and is known to be extensive in Africa, Poland and Colombia. These types of deposits are generally higher grade than copper porphyry deposits.

Historically, the Cesar project area has been explored from a local context, but never in a broader picture. Initial field work by the Company in September has confirmed the widespread historic copper-silver occurrences are more than coincidence and copper mineralization of a significantly larger scale may very well be lurking in the area.

The second phase of exploration has now commenced with the aim of establishing the potential strike, recording dip and width of the mineralization and investigation from a more regional perspective.

The wholly owned Cesar Copper-Silver project is located approximately 420 km north of Bogota, within the northern Andean Copper Belt in northeastern Colombia. The town of Barrancas, 70 km to the north by paved road, provides local infrastructure, including a municipal airport, and has a population of 37,000. Tidewater, at the Puerto Bolivar shipping terminal, lies 180 km to the northeast.

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Posted By : Rabi Wangkhem on Thu, 21 Nov 2019
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