{"id":1119634,"date":"2019-06-05T20:46:38","date_gmt":"2019-06-05T20:46:38","guid":{"rendered":"https:\/\/resourceworld.com\/?p=55866"},"modified":"2019-06-05T20:46:38","modified_gmt":"2019-06-05T20:46:38","slug":"max-active-on-colombia-copper-gold-find","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1119634","title":{"rendered":"Max active on Colombia copper-gold find"},"content":{"rendered":"<p><strong>Max Resource Corp.<\/strong> [MXR-TSXV; MAXROF-OTC; M1D1-FSE] shares were active Wednesday June 5 after the company said an initial sampling program has identified anomalous gold and copper on its North Choco property near Medellin, Colombia.<\/p>\n<p>This gold copper zone has been identified within an area of approximately 5 km by 7.5 km and is open in all directions, the company said in a press release.<\/p>\n<p>After trading up to a day high of 12.5 cents, Max shares eased 8.70% or $0.001 to 10.5 cents, Wednesday on volume of almost 1.2 million. The 52-week range is 11.5 cents and 50 cents.<\/p>\n<p>The company said a total of 74 rock chip samples were taken in the area with gold values ranging from five to 80,000 ppb (80 g\/t) gold and copper values ranging from 14.5 ppm (1.82%) copper. Average grades were 537 ppb gold and 640 ppm copper. Medians were 25 ppb gold and 171 ppm copper.<\/p>\n<p>Sample widths of the individual chip samples ranged from 0.125 to 1.00 metres with the majority in the 0.30 to 0.40 metre range. Assay results are pending on a further 88 samples, the company said.<\/p>\n<p>Max is acquiring the North Choco Property through the pending acquisition of Anagueda Mining Pty. Ltd. In a May 8, 2019 press release, Max said it has entered into a binding letter of intent with Australian Stock Exchange-listed <strong>Noble Metals Ltd.<\/strong> [NMM-ASX] and Buena Fortuna Mining Co. Pty. Under the deal, Max has been granted the option to acquire up to 100% of their interest in Andagueda, which holds an exploration and mining agreement with the Tahami Indigenous Reservation of Alto Andagueda for the North Choco Project.<\/p>\n<p>Through Andagueda\u2019s historic agreement, North Choco encompasses Tahami\u2019s 500 km<sup>2<\/sup> land area and includes exploration and development of economic mineral resources on: Indigenous Communities Mining Zone 8-1704, covering 6535.7 hectares and Mining Concession BAE-112 covering 720 hectares.<\/p>\n<p>North Choco is located 47 km southwest of <strong>AngloGold Ashanti Ltd.<\/strong>\u2019s [AU-NYSE; AGG-ASX; ANG-JSE] Nuevo Chaquiro porphyry copper discovery. It hosts an inferred resource of 604 million tonnes at 0.65% copper and 0.32 g\/t gold, including contained metal content of 3.95 million tonnes of copper and 6.13 million ounces of gold.<\/p>\n<p>Max is a Canadian exploration company with a focus on exploration of mineral assets in Colombia. The North Choco property significantly expands Max\u2019s Choco landholdings from 2,140 to 2,640 km<sup>2<\/sup>, with North Choco contiguous to properties held by AngoGold Ashanti and <strong>Continental Gold Inc.<\/strong> [CNL-TSX; CGOF-OTCQX].<\/p>\n<p>The Choco Department is the leading producer of precious metals in Colombia. Small-scale operations in the municipality of Novita and the surrounding communities of Condoto, Tado and Sipi produced 15,317 ounces of platinum and 278,702 ounces of gold in 2011.<\/p>\n<p>Along with Stillwater, U.S.A., Choco is the world\u2019s only significant primary platinum-producing district outside South Africa, Russia and Zimbabwe. Choco was the world\u2019s sixth largest source of platinum in 2012, according to the U.S. Geological Survey.<\/p>\n<p>\u201cOur exploration campaign continues to produce excellent results,\u201d said Max CEO Brett Matich. \u201cWe have already identified a large area of anomalous gold copper mineralization and will now focus on expanding mineralization foot print, with further assay results pending,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Max Resource Corp. [MXR-TSXV; MAXROF-OTC; M1D1-FSE] shares were active Wednesday June 5 after the company&#8230;<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[622],"tags":[48],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1119634"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1119634"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1119634\/revisions"}],"predecessor-version":[{"id":1119635,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1119634\/revisions\/1119635"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1119634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1119634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1119634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}