Shiny news out of the gold industry in Canada, where Max Resource Corp. (TSX-Venture:MXL) came out Tuesday with results from ongoing exploration on its 1,757 sq. km "Choco Gold and Platinum Project", located 100 km SW of Medellin, Colombia.
A news release out Tuesday spells out that the concentrates of one sample graded 340.84 grams per tonne gold and 111.03 g/t platinum, and another sample graded 222.06 g/t gold and 113.83 g/t platinum. Both samples were located within the 1,000-sq.-km exploration zone.
According to CEO Brett Matich, “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.
"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."
Movement on MAX’s stock price was not that noteworthy, up only a penny, or 3.6%, to 29 cents, but volume was – a monster total of over nine million shares.
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