10:53 AM EST, 02/25/2025 (MT Newswires) -- Max Resource ( MXROF ) , edging up from near 52 week lows on last look, on Tuesday announced assay results from composite channel samples and expansion of the exploration target footprint at the Sierra Azul project (formerly known as the Cesar Project) in Colombia.

Highlights include the exploration target increasing to 1,500m by 100m. Copper-silver mineralization was also identified over 1,500m of strike and open-ended. The company said new composite channel assay results include 1.6% copper & 6 g/t silver over 55.0m.

Max Resource ( MXROF ) said the 2025 exploration budget of US$4.8 million is fully funded.

"The US $4.8 million budget for 2025, fully funded by Freeport, is an increase of 14% compared with 2024 and is focused on the development of priority targets for drilling and the identification of new significant size targets along the Serra Azul Project's 120 km long mineralized trend," Brett Matich, Chief Executive Officer, said.

Max Resource ( MXROF ) was last seen up $0.005, to $0.05, on the TSX Venture Exchange.

Price: 0.05, Change: +0.01, Percent Change: +11.11