Core Viewpoint - MAX Resource Corp. has secured rights to acquire 100% of the Mora Gold-Silver Title, which is strategically located adjacent to the Marmato Gold Mine and the Apollo Gold Discovery in Colombia, indicating significant potential for exploration and development in a productive mining region [2][5][19]. Acquisition Details - The acquisition involves a Purchase Agreement with Inversiones Villamora S.A.S., allowing MAX to earn up to 100% ownership of the Mora Title, which spans 713 hectares [2][23]. - The payment structure includes an initial payment of $50,000, followed by additional payments totaling $2.3 million, contingent on certain milestones [23][25]. Geological Significance - The Mora Gold-Silver Title is situated within the Middle Cauca Gold Belt, known for major gold deposits, and is adjacent to Aris Mining's Marmato mine, which has reserves of 31.3 million tonnes at 3.2 g/t Au [3][7]. - The title covers 40 historic workings and 5 active mines, with channel sample results indicating high-grade mineralization, including 45.0 g/t gold and 7,110 g/t silver over 1 meter [3][5][19]. Exploration Potential - The geological characteristics of the Mora Title are similar to those of the Marmato mine, suggesting potential for bulk tonnage porphyry-related gold deposits [8][19]. - Initial exploration plans include collecting historic data, mapping all workings, and conducting geological sampling to assess the property further [19][21]. Historical Context - Previous exploration on the Mora Title has been limited, primarily consisting of artisanal mining, with historical reports indicating high-grade gold and silver veins [15][16]. - A reconnaissance visit in April 2025 confirmed the presence of polymetallic mineralized structures across a significant strike length [13][19]. Next Steps - The company aims to conduct a comprehensive assessment of the Mora Property, focusing on mapping and sampling to initiate further exploration stages [19][21].
Max Resource Secures Rights to Acquire 100% of the Mora Gold-Silver Title Adjacent to the Marmato Gold Mine and the Apollo Gold Discovery in Colombia