Max Resource (TSXV: MXR) announced that it has acquired 2,000 square-kilometres of highly prospective areas for copper-silver mineralization in northeastern Colombia.
In a press release, the Canadian company said the tenements are known as Cesar West and are now part of its wholly-owned Cesar project.
“Max has achieved a major milestone, expanding its landholdings in the Cesar Basin by over 300%,” Brett Matich, Max’s CEO, said in the media brief. “The newly discovered area lies along the central-western part of the Cesar Basin and, together with the recent copper discovery at depth, supports the regional scale potential of the Cesar project.”
According to the executive, Cesar West was identified through surface structural mapping, interpretation of available seismic sections and drill core review. Following the identification, the firm’s in-country field crew started sampling and mapping for Jurassic host rock and copper-silver mineralization along the new continuous 140-kilometre-long landholding.
Matich also said that his team believes that the stratabound mineralized system in the Cesar Basin is analogous to the Kupferschiefer Basin in Poland, whose deposits produced 3MT of copper in 2018 and 40 million ounces of silver in 2019.