Max Resource Corporation
Mining & Metals - Vancouver, British Columbia, Canada
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Recent news:*Copperbelt Property consisted of 380sqkm mineral applications and 4.4sqkm of mineral claims, which underlie a section of a 250km long belt up to 100km wide of sedimentary rocks believed to be analogous to the Zambian Copper Belt of Africa. (Source: Rodriguez and Warden (1993). *MXR strategy was to identify multiple areas of sedimentary hosted mineralization within this underexplored 250km belt, large areas are available for staking. In general, initial surface exploration can significantly advance drill target identification, as sedimentary host mineralization, is flat lying and near surface mineralization. *MXR conducted an Long Wave Infrared (LWIR) over a 3,200sqkms area, LWIR is satellite imagery that is only recently available, that can identify mineralization through vegetation and soil cover over huge areas. MXR identified mineralization in significant areas outside the Copperbelt Property, which were open for staking. In Colombia there is a ratio to the area of ground to be staked and financial capabilities, hence a large part the $3M financing. *MXR is still interpreting 2,800sqkms of the LWIR survey and the map only shows the survey over the Copperbelt Properties, MXR is not disclosing the significant areas of mineralization to be staked, we are now in that process. Also attached is a regional map showing the LWIR survey area.After positive discussions with the vendors of the Copperbelt Properties, discussions broke down, the LOI was terminated. MXR considers itself in a strong position, our focus of acquiring advanced exploration opportunities in Colombia has not changed, we are currently utilizing the exploration data gained from the LWIR and accessing additional opportunities in Colombia.*As with significant mining groups, MXR believes there is significant opportunities for mineral discoveries and partnerships in Colombia.
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