22 Targets identified

Following recent successes through airborne exploration, Max Resource Corp (TSXV: MAX: FRA: M1D2) has strategically expanded its large land position in Colombia’s Cesar Basin further. The company announced that Max Resource has acquired an additional 12 concessions totalling 132 km². These areas increase Max’s footprint in the Cesar Basin by around 15 per cent. The Cesar copper project in northeastern Colombia now extends over 120 kilometres (previously 90 kilometres) along strike in a north-northeast/south-southwest direction

In addition, Max has acquired the underlying three per cent royalties associated with 19 mining concessions and 31 mining concession applications for the Cesar project in a share exchange with independent Canadian company Bay Street Minerals Corp. The shareholders of Bay Street Minerals will receive 14 million common shares in the capital of Max as consideration. This significantly increases the value of the Cesar project, said CEO Brett Matich. In determining the purchase price for the acquisition of the royalties, Max obtained an independent valuation report.

The shares issued in exchange for the purchase of the royalty will be subject to escrow and will be released over a 36-month period. The acquisition of the Royalty is subject to TSX Venture Exchange approval.

Max has now identified 22 targets along the 90 kilometre Cesar belt and is evaluating them for potential drill testing. The Company is focused on expanding, refining and prioritising these targets in preparation for a drill program. Initial efforts are focussed on the targets with the largest size potential.

Disclaimer: The contents of www.goldinvest.de and all other used information platforms of the GOLDINVEST Consulting GmbH serve exclusively the information of the readers and do not represent any kind of call to action. Neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they do not replace in any way an individual expert investment advice, but rather represent promotional / journalistic texts. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. The acquisition of securities involves high risks, which can lead to a total loss of the invested capital. The GOLDINVEST Consulting GmbH and its authors exclude any liability for financial losses or the contentwise warranty for topicality, correctness, adequacy and completeness of the articles offered here expressly. Please also note our terms of use.

According to §34 WpHG we would like to point out that partners, authors and/or employees of GOLDINVEST Consulting GmbH may hold or hold shares of Max Resource and therefore a conflict of interest may exist. Furthermore, we cannot exclude that other stock exchange letters, media or research companies discuss the values discussed by us in the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between GOLDINVEST Consulting GmbH and Max Resource, which means that there is also a conflict of interest, especially since Max Resource has commissioned GOLDINVEST Consulting GmbH to report on the company.

Latest News

Latest Videos