On a day when it seemed that everything was going south, with investors spooked about how the whole trade business would unfold between the U.S. and China, Max Resource Corp. (TSX-Venture:MXR) chimed in with something positive.
The Vancouver-based junior miner reported the first assays from its 10-week exploration program now underway at the North Choco copper gold project, located 80 kilometres South West of Medellin, Colombia. Assay highlights include: Seven of 23 chip samples returning grades ranging from 155.27 grams per tonne (g/t) gold to 2.94g/t gold. What’s more, three of the seven samples returned values of >10,000 ppm copper above the upper detection limit, and will need to be reanalyzed to determine the final grade;
Said CEO Brett Matich,"We are very pleased with this first round of assays from our intensive exploration campaign. The assay results are delivering significant grades of gold and we expect the copper re-assay results very soon.
"Our strategy is to expand our exploration efforts in all directions within the 500-sq.-km land package.”
Shares in Max rocketed 1.5 cents, or 10%, to 16.5 cents late Thursday morning, on volume topping 270,000 shares.