Chico Precious Metals Project Sample Results

VANCOUVER - Max Resource Corp reported test sample results from five conglomerate trial pits, located within the Company’s “Choco Precious Metals Project”, 100km SW of Medellin, Colombia. Free gold was observed in the test sample concentrates from each of the five hard rock conglomerate trial pits; The objective was to process approximately 40kg of the 2,500kg of conglomerate collected from each of the 2m by 2m by 30 cm deep pits to gravity test for signs of free gold; The initial test results suggest potential gold continuity throughout a surface area of approximately 8 square kilometers; open in all directions; Identification of a conglomerate outcrop 1.5km south of Pit 5 indicates a vertical thickness of 12m; test samples are currently being processed; The Company is developing a processing system to analyze the gold content of the 2,500kg of bulk sample collected from each of the five pits; additional samples are currently being processed; and the on-going conglomerate test pit program continues to branch out further and further with the objective of increasing the lateral extent of the gold mineralization.

The exploration strategy is to determine the full lateral extent and gold content of the underlying hard rock conglomerate hosted gold deposits throughout the Company’s 89 mineral license applications totaling 1,757 square kilometers in Western Colombia.

Brett Matich, President and CEO said, “Our initial exploration results support the historic reports of free gold contained within the underlying hard rock conglomerates which are potentially the source of the 1.5Mozs of gold and 1.0Mozs of platinum produced during historic surface mining.”  

The Company considers systematic bulk sampling at surface to be the most practical means of determining grade, processing characteristics and the lateral extent of the mineralization. Sampling the exposed face of outcrops will provide initial assessment of thickness, depth and gold content of this flat lying mineralized system.

The six 2m by 2m by 30cm deep test pits are excavated from surface by pneumatic hammer. A measured specific gravity of 2.2 indicates approximately 2,500kg to 3,000kg of hard rock conglomerate is collected from each pit.

The on-going exploration recently identified a 12m thick conglomerate outcrop approximately 1.5km south of the most southern test pit. MAX has 100% ownership of 82 and 50% of 7 mineral license applications, totaling over 1,757 square kilometers, located within Choco Department approximately 100km SW of the city of Medellin, Colombia.

The company’s address is Suite 1188, 1095 W Pender St., Vancouver, BC V6E 2M6, (604) 365-1522, www.maxresource.com.