Max Resource expands North Choco project in Colombia
Max Resource (TSXV: MXR) announced this week that it expanded its North Choco property in Colombia so that it now encompasses two historic INGEOMINAS gold anomalies.
In a press release, the Canadian miner said the expansion was done through the strategic staking of approximately 300 square kilometres of land to the north of the project.
According to Max, the historic NW gold anomaly is approximately 5 kilometres long and 4 kilometres wide with a highlight rock sample of 15 g/t. The historic NE gold anomaly, on the other hand, is approximately 6 kilometres long and 5 kilometres wide rock with a highlight rock sample of 12 g/t.
“The North Choco property expansion now encompasses twelve historic gold mines and historic gold anomalies that are collectively spread over an area of 130 square kilometres significantly expanding our gold exploration portfolio,” Max CEO, Brett Matich, said in the media brief. “Max’s field team plans to commence the exploration program on the NW and NE anomalies as early as next week.”
North Chocó, which the Vancouver-based miner is in the process of acquiring through the planned acquisition of Andagueda Mining, is located 80 kilometres SW of the city of Medellin and is contiguous to properties held by AngloGold Ashanti and Continental Gold.
In detail, the property is 47 kilometres southwest of Anglo’s 2005 Nuevo Chaquiro copper porphyry discovery, which hosts an Inferred Resource of 604Mt at 0.65% copper and 0.32g/t gold with a contained metal content of 4Mt of copper and 6Moz of gold.