GOLD BEARING CONGLOMERATE DISCOVERY EXPANDS THE MINERALIZED ZONE
Max Resource Corp. (MXR.V) announced exploration results from the Company’s 1,757 sq. km gold bearing conglomerate “Choco Precious Metals Project”, located 100km SW of Medellin, Colombia. Highlights
• On-going exploration by the Choco team has located gold bearing conglomerate, designated Outcrop 2, a further 7.5km to the south;
• The area of our on-going exploration now covers 36 sq. km;
• Processing of the gold bearing conglomerate from the six 2m by 2m by 30cm trial pits and the two outcrops continues and results will be reported as received and verified;
• Field exploration continues, with the objective of increasing the lateral extent of the conglomerates and gold mineralization of the Company’s Choco Precious Metals district area.
Brett Matich, Max’s President and CEO commented: “The continuing exploration success suggests Max may well be on the cusp of a new gold discovery. The results of this exploration program will provide an indication of the scale of this project.”
Exploration to date:
• sinking of six 2m by 2m by 30cm trial pits and sampling of two outcrop exposures over a 36 sq. km area;
• processing 25kg to 50kg random samples from the + 2,000 kg of conglomerate produced from each of the six test pits to confirm the presence of free gold;
• processing 25kg to 50kg of chip samples from the two outcrop exposures to confirm the presence of free gold;
• free gold was observed in the first sample from each of the first five trial pits;
• confirmation of a vertical thickness of 12m from outcrop 1 in near the centre of the 36 sq. km area.