Mining is in the blood of a good portion of the Canadian population, and our expertise in the field is the envy of countries the world over.
Vancouver-based Max Resource Corp. (TSX-Venture:MXR), which has been active in Colombia for years, updated for investors Wednesday the Phase-one exploration program for its 100%-owned Cesar copper-silver project, located north of the capital, Bogota.
Wednesday’s news release revealed that Max field geologists selected eight samples from different lithological units for petrographic analysis at Vancouver Petrographics. All eight samples show a variety of metals and ores, including native copper.
According to CEO Brett Matich, “We are very encouraged with the visible copper oxide mineralization throughout a concentrated area of our Cesar copper-silver project and will continue to focus our exploration strategy toward a significant discovery in the Jurassic rocks of northeast Colombia”.
Shares in MXR towered over Tuesday’s close by 2.5 cents, or 20%, to 15 cents, on volume surpassing 259,000