Max Resource - MXROF STOCK NEWS

On June 17, 2024, Max Resource provided an update on the acquisition of the Florália Hematite Iron Ore Property in Brazil, securing conditional approval from the TSX Venture Exchange. The 613ha property lies within Brazil's Iron Quadrangle, with historical channel samples suggesting a potential geological target of 8-12 million tons of iron ore at an average grade of 58% Fe. Exploration plans for 2024 include geophysical mapping and drilling. Max has made a USD $100,000 non-refundable deposit and additional payments totaling USD $900,000 will be due within a year.

Max also highlighted ongoing developments in its Cesar Copper-Silver Project in Colombia, having entered into an Earn-In Agreement with Freeport-McMoRan. Freeport can earn up to an 80% interest by investing CAD $50 million in exploration. The 2024 work program for Cesar includes sampling and geophysical surveys to refine drill targets across three districts: AM, Conejo, and URU.

Max Resource has secured TSX Venture Exchange approval for its earn-in transaction with Freeport-McMoRan Exploration , effective May 29, 2024. This agreement allows Freeport to acquire up to an 80% interest in Max's Cesar Project in Colombia through a two-stage option. In the first stage, Freeport will fund C$20 million in exploration over five years and make staged cash payments of C$0.8 million to Max, resulting in a 51% ownership. In the second stage, Freeport can increase its stake to 80% by funding an additional C$30 million in exploration and making further staged cash payments of C$0.75 million. Max will operate Cesar during the initial stage. Additionally, Max ended its Cooperation Agreement with Endeavor Silver, which retains a 0.5% net smelter return royalty on Cesar.

Max Resource has announced its agreement to purchase the Florália hematite iron ore property in Brazil, completing due diligence as per a Letter of Intent with Jaguar Mining. The property, located 120 km east of Belo Horizonte, contains four iron ore bodies with an estimated geological target of up to 12.18 million tonnes at an average grade of 58% Fe. The transaction involves staged cash payments totaling USD $900,000, subject to TSX Venture Exchange approval. The acquisition aims to enhance shareholder value, with exploration already initiated to define drill targets.

Max Resource Corp. has signed an Earn-In Agreement with Freeport-McMoRan Exploration for the Cesar Copper-Silver Project in Colombia. Freeport has the option to acquire up to 80% ownership by funding C$50 million and making cash payments to Max. Freeport needs to fund C$20 million initially to earn a 51% interest and can increase it to 80% by funding an additional C$30 million over five years. Max will continue to operate the project during the initial stage.

MAX Resource Corp. announces high-grade assay results from rock chip channel sampling at the AM-14 target in Northeast Colombia, confirming extensive copper-silver mineralization. Results include 2.2% copper & 12.8 g/t silver over 5.2m and 4.8% copper & 53.6 g/t silver over 2.2m. CEO Brett Matich expresses confidence in the potential for significant deposits in the 15-km corridor of mineralization.

Max Resource Corp. discovers two new mineralized outcrops at target AM-14 in Colombia, highlighting significant Copper-Silver potential. The property-wide airborne survey reveals a 15-km corridor with high-grade mineralization. The company's exploration efforts continue to expand the footprint of mineralization, supporting its geological model for CESAR as a major Copper-Silver project.

Max Resource Corp. has discovered five mineralized outcrops in the Cesar Copper-Silver Project, with 1,000m2 coverage and layers up to 285m along strike. The outcrops confirm multiple copper-silver bearing horizons within a 700-metre-thick sequence of interbedded sandstones in the AM District of Northeastern Colombia. The preliminary work has determined that mineralization is hosted in layers of medium to fine-grained sandstone rich in organic material, with chalcocite, malachite, and azurite as the most abundant copper minerals observed. Systematic channel sampling of the mineralized outcrop has commenced, and crews have begun detailed mapping in the vicinity of the discovery. Max has identified and is evaluating 28 targets along the 120-km-long belt for potential drill testing and is dedicated to regional exploration with the goal of discovering additional copper-silver prospects within its land package covering more than 1,000 sq-km.

MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) reports high-grade assay results from continuous rock chip channel sampling at the AM-08 target in the AM District of its wholly-owned Cesar Copper-Silver Project in Northeastern Colombia. Assay results include 2.6% copper and 58 g/t silver over 15.0m, 3.5% copper + 77 g/t silver over 10.0m, and 8.1% copper + 172 g/t silver over 1.0m. AM-08 is characterized by the presence of two styles of copper-silver mineralization: structurally controlled and stratiform sediment hosted. Max has recently acquired Bay Street Mineral Corp., re-acquiring interest to the Royalty. The Cesar Copper Silver Project comprises of three districts: AM, Conejo, and URU, with 27 identified targets for potential drill testing.

MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) has secured 12 additional applications for mining concessions, expanding the Cesar Copper Project in Colombia by 15%. The company also acquired underlying royalties for 19 mining concessions and 31 mining concession applications. Max has executed a Share Exchange Agreement to acquire all shares of Bay Street Mineral Corp. in exchange for 14,000,000 common shares. The Cesar Copper Silver Project spans over 120-km along strike NNE/SSW and provides access to major infrastructure from oil & gas and mining operations.