Brett Matich, President and CEO, Max Resource Corp. (TSX.V: MXR; OTC: MXROF; Frankfurt: M1D2) Discusses Their Massive Copper Discovery over a Huge Area in North Eastern Colombia

By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA
on 12/10/2021
We learned from Brett Matich, President and CEO of Max Resource Corp. (TSX.V: MXR; OTC: MXROF; Frankfurt: M1D2) about the massive copper discovery they have made, over a huge area in North Eastern Colombia, within their wholly owned CESAR project, where the Company has been recently granted four key mining concession contracts that cover 70 square kilometers. Max Resource has five drilling targets, over five separate areas, within these mining concessions, and they plan to have the first drilling program early next year. Meanwhile, the Company continues the exploration of the CESAR North 90-kilometre-long copper-silver belt, LiDAR survey identifying additional targets, through infill mapping, followed by IP survey, environmental survey and filing the drilling permits.

Dr. Allen Alper: This is Dr. Allen Alper, Editor-in-Chief of Metals News, talking with Brett Matich, who is President and CEO of Max Resource Corp. Brett, could you update our readers/investors on what's happening since we spoke early in October, I could see a lot is happening in your project in Northeastern Columbia, and I would like you to update our readers/investors on what's happening.

Brett Matich: Absolutely! We're in Northeastern Colombia and we've discovered copper, over a huge area. It's down a belt that we're on of 90 kilometers, which is massive. We've been concentrating on an area in the Southern section of that belt, called URU. We've done quite a bit of work there. The market is looking for when we are going to go through the steps of drilling? We've recently announced that we have our very first mining concession approvals. It covers a very large area of 70 square kilometers, in exactly where we want to be. At this stage, we have over five separate drilling target areas. You can understand why it's 70 square kilometers, we had a lot of interest there because now we have a path and direction to what would be the first modern age drilling for copper in this basin.

Dr. Allen Alper: Well, that sounds exciting. Could you tell us a little bit more about the area and your plans to move forward with exploration?

Brett Matich: We have a two-pronged exploration. We're looking at other areas in the basin. The area we're focusing on is a 90-kilometer copper/silver belt, which we think is continuous. URU, which we are talking about, is on the Southern end of that belt. That seems to be potential for very, very large volumes. Now we are infill mapping, to target the drilling areas that'll be followed up by IP. In parallel, we're doing an environmental survey and filing the drilling permits. We are looking at four other target areas, but this area shows a lot of copper, and we are working full time, all the way through the drilling. We plan to have the first drilling program early next year.

Dr. Allen Alper: It sounds exciting. It'll be a great time for your stakeholders and shareholders as you get more data, and more information.

Brett Matich: Yeah, absolutely. And we are in communication, with a number of sophisticated investors and institutions, both in North America and Europe. There's a lot of interest because not only major miners, but also institutions are now dedicating a lot more funds to early stage, particularly copper exploration companies, that have the potential to attract the interest of mid-tiers and majors. We're getting a lot of interest there. And the question has always been, we're waiting for you to let us know your plans for drilling. And we couldn't do that until now. This is a massive step. There will be a lot of news coming out and a lot of attraction from the media, from now on.

Dr. Allen Alper: It sounds great. And it looks like copper is going to be in short supply, as the electrification of the world takes place. Both copper and silver are critical elements in use for electrical applications.

Brett Matich: Yeah, absolutely. And that combines with the copper mines, depleting, with lower grades, lower volumes, and there simply are no near copper deposits available. The only major discovery, in the last two decades, is Ivanhoe mines’ deposits in the Congo. That's giving little choice for the copper miners to have to come in and concentrate on looking at new copper deposits. And you're right, in relation to whether it's electric vehicles, whether it's electric vehicle power hubs, whether it's power lines, all this infrastructure, the number one component as you know is copper, copper, copper.

Dr. Allen Alper: Oh, that's great. And, where you are exploring sounds like it has great potential for discovery.

Brett Matich: Yes. We've had five separate copper discoveries now, and it's about picking one to significantly advance. We looked at URU to advance, because that particular area, of this 70 square kilometers, has potential for a number of copper deposits. I think the great thing about it is, we have a laser focus now, in relation to the drilling. But, at the same time, exploring in that basin to look at other copper discoveries. We find that if we can advance URU, it adds value to all the other copper discoveries in the basin. We see that as another big step.

Dr. Allen Alper: That sounds excellent. I noticed that your consultant, Dr. Christian Grainger gave a presentation at Columbia gold symposium. I was wondering how that went.

Brett Matich: Yeah. That went great. And we are getting a copy of the video to put on the website. Chris Grainger has been out there on site. I think he's out there right now. I think that's the fifth time this year. He reviews what needs to be done, but there are a lot of different consultants, representing numerous types of companies, that have gone out there with him. And one of the things that he's getting very confident about is that his interpretation of what's happening there, falls in line with the independent experts that have been out there in the field.

Dr. Allen Alper: Well, that sounds excellent. Could you update our readers/investors on your background and a little bit more about the Team?

Brett Matich: One thing that is a big bonus, in exploration, is the amount of infrastructure there is, with the largest coal mine in South America, oil and gas operations. The infrastructure here is unbelievable. Whether it's hydro power, airports, roads, railway, shipping ports. That's one of things that is not only great for exploration and mining. But it progresses a lot faster because the communities are used to mining. Where a lot of places, when the communities aren't used to mining, it causes a lot of problems. In relation to my experience, I've been CEO of a number of companies, and what I do is I look at opportunity from a junior perspective, and then I add value.

One of those was in Australia. It's a Company called Aztec Resources. Their old CEO from 2000 through 2006, identified a mine over that time, which BHP had. And we went from a 1 million market cap to being taken over for 300 million in 2006. And that was the same type of thing, looking at the potential. Another one I did, while I was CEO of a Company in Canada, when I first came here from 2011 to 2014, it was a magnetized mineralization, never been drilled. We brought it from up to a $7.2 billion mag, a billion ton Magna pipe deposit, and we completed a PEA as well. That shows my experience of how I look at things. Chris Grainger, a doctor of geology, consults for a lot of the major companies down in South America. He lives in Medellin and has for over a decade now. His wife was born in Brazil and is fluent in Spanish.

He's been in Columbia for over a decade. He provided early guidance for Continental Gold from the start. And as you know, Continental Gold was taken out for 1.4 billion. His experience is valuable for Max, not just his technical knowledge, but also on the way things work in Columbia, in relation to how you stake ground, employing people, the way things have to be done on third party, getting the right consultants to do the job, etc. And really, he was the one that actually got us here in the first place. He is very valuable to us.

Dr. Allen Alper: Well, that's excellent. It's great to have such an accomplished knowledgeable and experienced Team.

Brett Matich: Yeah. In exploration, we don't succeed in every project, but as we got older and wiser, from our experience, we can pinpoint what has the best chance, not by chance, but more by a percentage and experience. And with the Cesar project, we've gone past the risk stage now. And it's at this stage, where it will get too big for us, and that's where we think a major partner potentially could come fairly soon.

Dr. Allen Alper: It sounds excellent. Could you tell our readers/investors the primary reasons they should consider investing in Max Resource Corp?

Brett Matich: The first thing you always look at is Management and Management success, which I talked about regarding Dr. Grainger and myself. We are in Colombia, in an area that has extremely large coal and oil and gas operations. You must always look at the address. Also, having that infrastructure there. They're all the right components. There's been a lot of copper there. We had to join it together. Experience, location, a definitive plan. Our plan definitively is to demonstrate how big this is for a major to come in. We work 11 months of the year, for a junior company, we're working continually, we're advancing it. Plenty of years are coming out and Max Resource is undervalued right now. We have a market cap of 20 million and we have hit the stage now, where I think there will be substantial returns for Max shareholders over the next 12 months.

Dr. Allen Alper: Well, those sound like very compelling reasons for our readers/investors to consider investing in Max Resource. You have a great Team, well experienced, great track record in a very excellent area, excellent infrastructure, and excellent district for copper and silver exploration and discovery.

Brett Matich: Now is really the critical milestone, having the mining concession contracts approved. That's what we're aiming for. We have that and it's exactly where we want to advance and do the drilling. This has been a critical achievement, just recently, receiving those mining concession contracts. And it's over a huge land area, 70 square kilometers. It's the right time, right now!

Dr. Allen Alper: That sounds excellent! It sounds like it's a great opportunity for shareholders and stakeholders and for new investors. So, that's great!

Brett Matich: Okay. That sounds great and like you say, copper, and we have the added advantage of having a by-product, silver, which gives us an extra bonus. And as you know, silver is required in all the development that's happening now, including 5G networks, solar heaters, and so forth. The byproduct of quite high-grade silver is another big bonus.

Dr. Allen Alper: That sounds excellent. Brett, is there anything else you'd like to add?

Brett Matich: If anyone wants to know more about Max, look at our website, wwwmaxresource.com. We update that website quite regularly. Keep an eye on us and you'll see a lot of progress. Our exploration doesn't stop, and we have news coming out very consistently.

Dr. Allen Alper: Well, that sounds excellent, a great time for your shareholders and stakeholders and new investors

Brett Matich: Okay. Thank you, Allen. I look forward to that, and to our next interview.

Dr. Allen Alper: Great. I enjoy talking with you and giving updates, Brett.

https://www.maxresource.com/

For additional information contact:
Max Resource Corp.
Tim McNulty
E: info@maxresource.com
T: (604) 290-8100