MAX RESOURCE CORP. provided assays and analysis for its initial drilling program at the CESAR Project. Within the 20-km-long, 2- km wide copper silver bearing URU District, only two targets (URU-C and URU-CE) were drill tested.

The maiden drill program consisted of 14 holes from 7 drill pads for total of 2,244m. Twelve holes intersected mineralized zones, with six intersecting significant copper silver mineralization. All holes encountered significant alteration associated with a district scale hydrothermal system.

All structures identified to date appear to be associated with mineralizing events. Most notable is the presence of widespread copper oxide in the form of malachite and primary chalcocite. Both the URU-C and URU-CE mineralization consisted of very favourable primary chalcocite and secondary oxide malachite.

The chalcocite forms in significant globular blebs, as disseminations, and also lines the walls of the calcite veining and forms veinlets of massive chalcocite in brecciated areas. Malachite is closely related to the chalcocite in veins and can be seen as replacing chalcocite in some of the disseminations. In addition, Magnetic and Induced Polarization surveys were conducted to test the response of mineralization and determine if blind drill targets could be identified as high probability mineral occurrences.

The URU-C drill holes, URU-1, 2, 12 and 14 intersected significant grades of copper and silver mineralization. In addition, high- grade mineralization was intersected in holes URU-1, 12, and 14, interpreted as possibly associated with a low angle structure dipping to the southeast. URU-12 was the best intercept of the three and unfortunately pierced an underground adit in the middle of the high-grade, but still reported 10.6m of 3.4% copper + 48 g/t silver, including 0.8m of 18.5% copper + 292 g/t silver and 3.9m of 6.3 % copper + 92 g/t silver.

URU-1 and 14 both had significant intercepts with hole URU-1 returning 7.0m of 1.4% copper + 8 g/t silver, while URU-14 intersected 12.5m of 1.2% copper + 18 g/t silver with higher grade of 5.8m of 2.1% copper + 46 g/t silver. At URU-C, hole URU-2 was the deepest hole of the program demonstrating the depth potential drilling large diameter HQ holes to approximately 400m down hole. The target was a deep low order IP chargeability high 150m west of URU-C and coincident magnetic high.

An intersection of a 7.7-metre-wide zone of 0.6% copper + 7 g/t silver, including 1.4m of 2.1% copper + 30 g/t silver, demonstrates that IP and coincident magnetics works well at identifying mineralized targets. At URU-CE located 750m east of URU-C, holes URU-9 and URU-10 were drilled from a single pad. From approximately 4.0m surface, both holes encountered wide intervals of lower grade but favourable oxide copper.

URU-9 intersected 33.0m of 0.3% copper, including 16.5m of 0.5% copper and URU-10 intercepted 28.7m of 0.3% copper, including 20.7m of 0.4% copper. The broad associated alteration zone implies potential for a bulk tonnage system, drilling will also target higher-grade zones. The copper mineralization at URU-CE is open in all directions.

In addition, rock chip sampling returned highlight values of 1.2 to 4.2% copper extending the URU-CE target zone 235m to the south. The target is also on the eastern end of a 1-km long coincidental IP and magnetic anomaly. Max has now commenced its 2023 exploration and drilling campaign.

Additional geophysical techniques including ground Magneto-Telluric (MT) surveys will be deployed to provide a broader basket of tools to explore the AM, Conejo and URU Districts, which collectively cover a 60-km strike length of Copper Silver mineralization. Phase 1 metallurgy will form part of the additional focus, as the unique characteristics of this mineralized district exhibiting strong potential for leachable copper tonnage.