The competitive gold business seems to be getting new heroes each day, particularly in the junior miner end of things.

Wednesday, it was the turn of Max Resource Corp. (TSX-Venture:MXR) to shine. The Vancouver-based miner heralded exploration results from its 1,757 sq. km gold bearing conglomerate, located 100km Southwest of Medellin, Colombia.

Ongoing exploration by the Choco team has located what is known asgold-bearing conglomerate, designated Outcrop 2, a further 7.5km to the south. The area of MXR’s ongoing exploration now covers 36 sq. km.

Moreover, according to Wednesday’s news release, field exploration continues, with the aim of increasing the lateral extent of the conglomerates and gold mineralization of the Company's Choco Precious Metals district area.

Exulted CEO Brett Matich: "The continuing exploration success suggests Max may well be on the cusp of a new gold discovery. The results of this exploration program will provide an indication of the scale of this project."

Shares tallied 2.5 cents, or 9.1%, late Wednesday morning, to 30 cents, on an explosive volume of 3.2 million shares.