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Max Resource Corp (2)
Symbol MXR
Shares Issued 65,130,564
Close 2019-04-16 C$ 0.28
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Max conc. samples up to 340 g/t Au, 113 g/t Pt at Choco

2019-04-16 10:15 ET - News Release

Mr. Tim McNulty reports


Max Resource Corp. has released surface assay results from its continuing exploration on the company's 1,757-square-kilometre Choco gold and platinum project, located 100 kilometres southwest of Medellin, Colombia.

The concentrates of sample 001 graded 340.84 grams per tonne gold and 111.03 g/t platinum and sample 002 graded 222.06 g/t gold and 113.83 g/t platinum, both samples were located within the 1,000 sq km exploration zone. Further analytical results will be reported as received.

"The assay results from samples 001 and 002 are impressive and confirm the presence of noteworthy amounts of gold and platinum on our Choco project," said Brett Matich, president and chief executive officer, Max. "We continue to enhance our analytical procedures to ensure optimal recovery of fine gold samples, and we look forward to continuing our exploration program within the 1,000 sq km exploration zone and will now expand to the north."

Sample 001 and 002 were taken from surface within the same area as the hard rock conglomerate. The gold and platinum are of a coarser nature than the finer gold in the conglomerate. Test work is continuing on the conglomerate samples, with analytical procedure focused on optimal recovery of the fine gold.

Max's continuing exploration will keep targeting enrichment zones within and outside the current 1,000 sq km exploration area. Sampling of conglomerates and overlying surface deposits will continue to locate zones of gold enrichment within the conglomerates. The company also continues to review and explore additional areas with the 1,757 sq km Choco gold and platinum project.

         Sample                Concentrate                          Tailings  Partial grade*

Number   Weight   Weight       Au       Pt      Weight         Au         Pt       Au     Pt
            (g)      (g)    (gpt)    (gpt)         (g)      (gpt)      (gpt)    (gpt)  (gpt)

   001   26,800    57.99   340.84   111.03      26,742   No assay   No assay     0.74   0.24
   002   22,800    39.39   222.06   113.83   22,760.61   No assay   No assay     0.38   0.20

* Sample grade is partial as the gold and platinum content of the tailings has not been determined.

Assay methodology

Max continues to work with the CIMEX Mineral Institute at the Medellin Mines faculty of the National University of Colombia in Medellin. CIMEX is independent of Max and carries out all of the processing and testing of the samples. The surface samples are delivered to the CIMEX. Each sample is panned to concentrate by Max's Colombian specialist panner under the direct supervision of CIMEX personnel. The entire sample is first weighed, then panned. The resulting concentrate is photographed, dried, weighed and then analyzed at CIMEX.

The entire concentrate is leached in aqua regia for 48 hours to dissolve the gold and platinum. The leachate is then analyzed on an atomic absorption mass spectrometer for gold and platinum. The tailings of the concentrate from the leaching process are fire assayed in their entirety with the resulting button dissolved by aqua regia and analyzed on the atomic absorption mass spectrometer for gold and platinum. The final gold and platinum values for the concentrates are calculated utilizing the leachate and fire assay values. CIMEX is currently in the audit process to receive its International Organization for Standardization certification.

About Max Resource Corp.

Max is a mineral exploration company focused on the development and acquisition of prospective projects in the rich mineral belts of Colombia. The company has established significant exploration infrastructure and local community support for the Choco gold and platinum project, located 100 km south of Medellin, which covers or is adjacent to historic production of 1.5 million ounces of gold and one million ounces of platinum. The company's Gachala copper project is located 60 km east of Bogota. The company is led by a seasoned management team with a record of significant discovery and exploration success.

Tim Henneberry, PGeo, a member of the Max Resource advisory board, is the qualified person who has reviewed and approved the technical content of this news release on behalf of the company.

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