Max Resource Corp OTCMKTS: MXROF is a mineral exploration company focused on the development and acquisition of prospective projects in the rich mineral belts of Colombia. The Company has established significant exploration infrastructure and local community support for the Choco Gold and Platinum Project, located 100 km south of Medellin, which covers or is adjacent to historic production of 1.5Mozs gold and 1.0Mozs platinum. The Company’s Gachala Copper Project, is located 60 km east of Bogota. The Company is led by a seasoned management team with a track record of significant discovery and exploration success.
The company recently granted incentive stock options under its Stock Option Plan to consultants for the purchase of a up to 450,000 common shares at a price of $0.60 per share on or before March 20, 2024.
On April 10th, 2019, Max Resource annouced that it has retained Maricom Inc. (“Maricom”) to provide investor relations services to the Company with a special French focus in compliance with regulatory guidelines.
Maricom is a Quebec-based communications firm focused on providing fully bilingual investor relations services with a special French focus to build and create awareness for companies in all stages of development in every key network. The firm brings unique expertise and will be providing a range of services, including presenting MAX business and milestones to its network of investment advisors, analysts and institutional fund managers.
Maricom will work closely with MAX to develop and deploy a comprehensive capital markets strategy and campaign. Activities will include developing precise messaging, distributing that message cost-effectively and advising the Company regarding their branding, website and social media presence bilingually with Maricom’s graph design and social media team. Maricom will also handle MAX French inquiries via phone and email.
Under the terms of the agreement, Maricom has been retained for a 9 month period starting April 15th 2019 at $3,500 per month. The Company has agreed to grant 450,000 stock options to Maricom at an exercise price of $0.60, expiring March 20th, 2024. These options will be subject to vesting provisions in accordance with TSX Venture Exchange policies.
The company made huge news among investors when it reported its surface assay results from its ongoing exploration on the Company’s 1,757 sq. km “Choco Gold and Platinum Project”, located 100km SW of Medellin, Colombia.
The concentrates of sample 001 graded 340.84 g/t gold and 111.03 g/t platinum and sample 002 graded 222.06 g/t gold and 113.83 g/t platinum, both samples were located within the 1,000 sq. km exploration zone (refer to location map). Sampling detail can be found in the accompanying table. Further analytical results will be reported as received.
Production figures the 8 districts: Upper San Juan, Condoto Flats, Condoto Big Flat, Bebedo, Liorento, Cajon, El Tamana & Bajo Tamana a resourced from R.J. Fletcher & Associates (2011) Review of Gold and Platinum Exploration & production in Choco Province, Colombia. Part 3. Private Report for Condoto Platinum Ltd.
To view an enhanced version of this graphic, please visit:
“The assay results from Samples 001 and 002 are impressive and confirm the presence of noteworthy amounts of gold and platinum on our Choco project,” said Brett Matich, President and Chief Executive Officer, MAX. “We continue to enhance our analytical procedures to ensure optimal recovery of fine gold samples, and we look forward to continuing our exploration program within the 1,000 sq. km exploration zone and will now expand to the north.”
Sample 001 and 002 were taken from surface within the same area as the hard rock conglomerate. The gold and platinum are of a coarser nature than the finer gold in the conglomerate. Test work is on-going on the conglomerate samples, with analytical procedure focused on optimal recovery of the fine gold.
MAX’s on-going exploration will continue to target enrichment zones within and outside the current 1,000 sq. km exploration area. Sampling of conglomerates and overlying surface deposits will continue to locate zones of gold enrichment within the conglomerates. The Company also continues to review and explore additional areas with the 1,757 sq. km Choco Gold and Platinum Project.