MAX RESOURCE CORP. (TSXV: MAX) (OTC PINK: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report the discovery of a significant copper-silver system, called AM-7, which is located on 1 of 6 new Application for Mining Concessions. All six concessions lie within the AM District of Max's wholly owned CESAR Copper Silver Project in northeastern Colombia (refer to Figures 1 to 9).
Highlights
"AM-7 appears to be a significant discovery with potential for multiple stacked mineralized horizons across an impressive strike length of at least 1,600m and is open in all directions. To date, Max has identified 21 copper silver targets through three districts that span over 90-km of the Cesar Copper Rich Basin: AM, URU and Conejo," commented Max CEO, Brett Matich.
"The significant AM-7 discovery underscores the potential of the Cesar Basin to host multiple depositional models as our skilled exploration team continues to make significant copper-silver discoveries," he continued.
Max is one of the first companies to recognize this part of Colombia is underexplored for copper, and our persistence and patience continues to be rewarded as evidenced by the AM-7 discovery," he concluded.
Figure 1. CESAR Project.
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Figure 2. AM District copper silver targets, AM-1 to 7.
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Figure 3. Pit 1, AM-7.
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Pit 1, Video link: https://www.youtube.com/watch?v=5LBvWmxyitI
Figure 4. Pit 2, AM-7.
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Pit 2, Video link: https://www.youtube.com/watch?v=uKoSWVBrh5k
Figure 5. Pit 3, AM-7.
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Pit 3, Video link: https://www.youtube.com/watch?v=9GiQtoKf2JU
Figure 6. Pit 4, AM-7.
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Pit 4, Video link: https://www.youtube.com/watch?v=WM0BRNP1R_U
Figure 7. Pit 5, AM-7.
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Pit 5, Video link: https://www.youtube.com/watch?v=awqroeL_iWU
The AM-7 Target represents classic stratiform copper-silver mineralization hosted in interbedded mudstone, siltstone and fine grained cross bedded red-bed sandstone of the La Quinta Formation. The mineralized horizon is a tabular body that ranges from 0.3m to 2m wide and extends for over 1600m meters along strike. The mineralized 'reduced beds' are bleached (clay-sericite-calcite-limonite altered) and lie between shallow water red-bed sediments, typically arkose fine grained sandstone (refer to Figure 8).
Figure 8. Copper Mineralization at AM-7.
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Figure 9. Mineralized Sedimentary Rocks at AM-7.
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Chalcocite is the main copper‐bearing mineral in the prospect and is concentrated along stratigraphic laminations, and as disseminated grains. Malachite and azurite have also been observed. Carbonaceous material was associated with all mineralized beds (refer to Figure 9).
Channel and chip samples across AM-7 were collected at intervals over the length of the exposed mineralization. Assays are expected in the coming weeks and will help to define next steps in the evaluation of the AM-7 Target.
Target Evaluation
Max is evaluating the each of the 21 targets it has identified at Cesar for potential drill testing. Assessing each target area includes the following field activities:
The information gathered during this process will allow the Company to select several of the highest priority targets for testing during the next drill campaign.
Background
Max's CESAR Project lies along the copper silver rich Cesar basin in NE Colombia. This region provides access to major infrastructure resulting from oil & gas and mining operations, including Cerrejón, the largest coal mine in South America, held by global miner Glencore. Max's twenty mining concessions collectively span over 188-km² (refer to Figure 1).
In 2022, Max executed a 2-year co-operation agreement with Endeavour Silver Corp., which assists Max to significantly expand its 100% owned landholdings at CESAR, Endeavour will hold an underlying 0.5% NSR.
Starting in the far north of the Jurassic basin, classic stacked red bed outcrops with extensive lateral continuity have been rock sampled over many kilometres within the AM District. Highlight values of 34.4% copper and 305 g/t silver have been documented in the sedimentary red bed sequences.
The Conejo District, midway south, demonstrates mineralization at the contact of intermediate and felsic volcanics which outcrops over 3.7-km. The average of surface samples over a 2.0% cut-off come in at 4.9% copper.
To the far south, the 2022 inaugural drilling was initiated at two mineralized surface exposures, each located 0.75-km apart and lie within the URU District's 20-km-long, 2-km wide mineralized target area. The drill program at URU-C and URU-CE was the first opportunity to test continuity of the structurally controlled copper silver mineralization within the volcanic host rocks in the sub-basinal environment of the Cesar sedimentary basin.
Qualified Person
The Company's disclosure of a technical or scientific nature in this news release was reviewed and approved by Tim Henneberry, PGeo (British Columbia), a member of the Max Resource advisory board, who serves as a qualified person under the definition of National Instrument 43-101.
About Max Resource Corp.
Max Resource Corp. (TSXV: MAX) is a mineral exploration company advancing the newly discovered district-scale CESAR copper-silver project. The wholly owned CESAR project sits along the Colombian portion of the world's largest producing copper belt (Andean belt), with world class infrastructure and the presence of global majors (Glencore and Chevron).
In addition, Max controls the RT Gold project (100% earn-in) in Peru, encompassing a bulk tonnage primary gold porphyry zone, and 3-km to the NW, a gold bearing massive sulphide zone. Historic drilling in 2001, returned values ranging 3.1 to 118.1 g/t gold over core lengths ranging from 2.2 to 36.0-metres.
Max is proactive, with the corporate goal of transitioning the CESAR basin towards the mining of copper, the key metal for Colombia's transition to clean energy. The safety of our people and the communities where we operate is most important. We conduct exploration in a manner which supports protection of ecosystems through responsible environmental stewardship.
Source: NI 43:101 Geological Report Rio Tabaconas Gold Project for Golden Alliance Resources Corp. by George Sivertz, Oct.3, 2011.
For more information visit: https://www.maxresource.com/
For additional information contact:
Tim McNulty E: info@maxresource.com
T: (604) 290-8100
Rahim Lakha E. rahim@bluesailcapital.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for Max Resources Corp. described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com.
Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to announce the commencement of its $6 million 2025 project-wide exploration program at the JD Project, Toodoggone Mining District, north-central British Columbia. Over 5,000 meters of drilling together with geophysical and geochemical surveys are designed to focus on target advancement, target generation and discovery.
Highlights and Next Steps:
Niel Marotta, CEO of Sun Summit Minerals, commented: "We are very excited to have kicked off our 2025 exploration season at our JD project, which is fully funded by the proceeds of our recently completed private placement. The Toodoggone region in north-central British Columbia is one of the hottest mineral exploration districts in Canada, and has seen heightened corporate activity, combined with a large influx of capital. We expect plenty of news flow coming from the Toodoggone over the summer and fall, including drill results from our own aggressive 5,000 metre program."
Figure 1. Map of the Toodoggone District showing the location of the JD Project in relation to other development and exploration projects. Data sourced from Thesis, TDG, Amarc and Centerra's corporate websites.
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JD Exploration Program
Crews have mobilised to the Toodoggone District to commence the 2025 JD Project exploration season (Figure 1). The primary goal for 2025 multidisciplinary exploration program is to advance and expand the epithermal-related Creek and Finn gold-silver targets through a series of systematic step-out holes, and to generate and refine new priority targets across the highly-prospective 4.5 km long Finn to Creek corridor, as well as the 12 km long JD porphyry trend (Figure 2).
Figure 2. Map of the JD Project showing the broad JD Porphyry trend and the epithermal-related Finn to Creek Corridor. Planned areas for IP and soil surveys are shown in grey. Key targets are highlighted.
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Creek Zone: Drilling at the Creek Zone (Figure 2) is designed to investigate the lateral and vertical extent of high-grade and bulk-tonnage gold mineralization (e.g., 122.53 m of 2.11 g/t Au, including 20.0 m of 10.01 g/t Au, and including 1.52 m over 121.0 g/t Au, CZ-24-004, Figure 3, see October 2, 2024, news release). Based on new geological and structural modelling, a series of steeply-dipping, northwest trending parallel vein sets with associated halos of disseminated gold mineralization have been defined. Over 3,000 meters across 10 to 12 drill holes are planned to systematically test the vein-controlling structures on 50 to 100 meter pierce-points covering a strike-length of over 700 meters (Figure 3) and a down-dip extent of over 200 meters. Results from this phase of drilling should inform grade continuity, the scale of the epithermal system and where follow-up deeper and/or step-out holes are warranted.
Figure 3. Map of the Creek Zone showing drill collar locations with selected highlights. The area targeted for 2025 drilling is outlined in red. See references below for data sources.
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Finn Zone: Drilling at the Finn Zone is designed to expand the footprint of high-grade, near-surface base metal-rich gold-silver mineralization intersected in historical drilling (e.g., 35.7 m of 7.26 g/t Au including 1 m of 215.4 g/t Au in hole JD95-0472). Based on an extensive compilation of over 300 historical drill holes, a new geological and structural model suggests that epithermal-related gold-silver mineralization is hosted within veins and vein-breccias situated along a northwest striking and gently dipping volcaniclastic unit. Over 2,000 meters of drilling across 7 to 9 drill holes are planned to test the model along strike (e.g., towards hole JD13-024) and down-dip (e.g., toward JD12-015) covering a strike-length of over 650 meters (Figure 4). Drilling near the higher-grade core may also be completed to verify historical grades, confirm structural controls and explore at depth to assess the geometry and grade of the mineralized footwall zone (e.g., JD12-0093).
Figure 4. Map of the Finn Zone showing historical drill collar locations with selected highlights. The area targeted for 2025 drilling is outlined in red. See references below for data sources.
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Target Generation: Project-wide exploration activities are aimed at target generation and drill target refinement.
Timeline: Crews have mobilised to site with camp construction, geological mapping, IP Geophysics, and drill pad construction now underway. Drilling at the Creek Zone is anticipated to begin by mid-July, at the latest.
National Instrument 43-101 Disclosure
This news release has been reviewed and approved by Sun Summit's Vice President Exploration, Ken MacDonald, P. Geo., a "Qualified Person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has not been able to verify the historical exploration data disclosed, including sampling, analytical and test data, underlying the technical information in this news release since such data is historical and the original drill core is not readily available. Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The historical technical information has not been verified by Sun Summit and may in some instances be unverifiable dependent on the existence of historical drill core and grab samples.
Community Engagement
Sun Summit is engaging with First Nations on whose territory our projects are located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations with ongoing exploration.
Webinar Invitation
Sun Summit Minerals invites investors and interested parties to a live webinar and Q&A hosted by Simone Capital. CEO Niel Marotta will present an overview of the Company's 2025 exploration and drill program.
Date: Thursday, June 19
Time: 4:00 PM ET | 1:00 PM PT
Register: https://app.livestorm.co/simone-capital/sun-summit-minerals-2025-exploration-update
About the JD Project
The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold's Lawyers and Ranch projects, TDG Gold's Baker-Shasta projects, Amarc Resource's AuRORA project, Centerra's Gold's Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine.
The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.
The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.
About Sun Summit
Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion and advancement of district scale gold and copper assets in British Columbia. The Company's diverse portfolio includes the JD Project in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.
Further details are available at www.sunsummitminerals.com.
References
Links to Figures
Figure 1: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-1.jpg
Figure 2: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-2-scaled.jpg
Figure 3: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-3-scaled.jpg
Figure 4: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-4-scaled.jpg
On behalf of the board of directors,
Niel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com
For further information, contact:
Matthew Benedetto, Simone Capital
mbenedetto@simonecapital.ca
Tel. 416-817-1226
Forward-Looking Information
Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, the Company's exploration plans and forecasts; the geology, grade and continuity of mineral deposits; potential mineralization, exploration plans, and engagement with First Nations communities. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the focus, purpose and goals of project wide exploration; the existence and timing of news releases and updates, if any, coming from the project area; the Company's ability to complete the drill program as currently contemplated; risks inherent in exploration activities; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; accidents, equipment breakdowns, title and permitting matters; labour disputes or other unanticipated difficulties with or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on its projects; that the Company may not be able to confirm historical exploration results; the geology, grade and continuity of mineral deposits; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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