Workflow
Max Resource Reports Results Including: 1.8% Copper and 7.2 g/t Silver over 48.0m on AM-13 at Its Sierra Azul Project, Colombia
AzulAzul(US:AZUL) Newsfile·2024-08-20 12:00

Core Insights - MAX Resource Corp. announced significant assay results from the AM-13 target at its Sierra Azul Copper-Silver Project in Colombia, reporting 1.8% Copper and 7.2 g/t Silver over 48.0m [2][3] - The discovery includes high-grade mineralization with notable intervals of 3.4% Copper and 14.0 g/t Silver over 15.0m, and 3.5% Copper and 15.7 g/t Silver over 5.0m [3] - The company is prioritizing further exploration to establish continuity of mineralization between Cedro and Mapurito valleys, indicating potential for a world-class deposit [6][10] Exploration and Results - The AM-13 target is located in the AM District of the Sierra Azul Project, characterized by Manto-style mineralization similar to deposits in northern Chile [4][8] - A 44.0m wide mineralized outcrop has been identified in the Mapurito valley, suggesting significant size potential for the project [4][10] - The exploration program includes detailed mapping, soil sampling, and geophysical surveys to confirm mineralization continuity [6][10] Mineralization Characteristics - Primary copper minerals identified include native copper and chalcocite, indicating a sulphur-poor depositional environment conducive to high-grade mineralization [5][8] - The mineralization at AM-13 is structurally prepared by faulting and hosted in andesitic tuff, with rock samples showing high copper grades [8][9] Project Background - The Sierra Azul Copper-Silver Project spans over 120 km and includes three districts: AM, Conejo, and URU, with a total land tenure of 188 km² [16][25] - MAX Resource has entered into an Earn-In Agreement with Freeport-McMoRan, allowing Freeport to earn an 80% interest in the project by investing $50 million [17] - The 2024 exploration program has a budget of US$4.2 million, focusing on systematic regional exploration across the Sierra Azul Project area [18]