02:24:34 EST Thu 05 Feb 2026
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Max Resource Corp (4)
Symbol MAX
Shares Issued 55,507,335
Close 2026-02-04 C$ 0.455
Market Cap C$ 25,255,837
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Max Resource appoints Franko to advisory board

2026-02-04 18:11 ET - News Release

Mr. Brett Matich reports

MAX RESOURCE APPOINTS TECHNICAL MEMBER

Scott Franko has joined Max Resource Corp.'s advisory board as a technical member.

Mr. Franko is an Ontario-registered professional geoscientist with almost 40 years of domestic and international experience in base and precious metals and critical metals, both in exploration and mine settings. Most important are the four years in managing projects in Colombia -- in particular Max's current Mora gold-silver property (KK6-08031).

Highlight channel cuts from 2012 exploration conducted by Mr. Franko and 2025 exploration:

  • 45.0 grams per tonne (g/t) gold and 7,110 g/t silver over 1.0 metre (m) -- 2012;
  • 27.0 g/t gold and 732 g/t silver over 1.0 m -- 2012;
  • 43.0 g/t gold and 187 g/t silver over 1.0 m -- 2012;
  • 36.7 g/t gold (silver -- not applicable (NA)) over 2.0 m -- 2012;
  • 8.9 g/t gold and 75 g/t silver over 1.5 m -- 2012;
  • 21.0 g/t gold and 156 g/t silver over 1.0 m -- 2025.

"I'm honoured to be appointed to the advisory board. The exploration my team conducted in 2012 led me to the conclusion the Marmato deposit is part of a much larger mineralized system that undoubtably continues across the Mora property (KK6-08031). At the time, Gran Colombia stated that the Marmato deposit is open, and continues at depth, and to the southwest and to the south, both areas cross the Mora property," comments Mr. Franco.

"We are extremely pleased to welcome Mr. Scott Franko to the Max advisory board. His experience exploring the Mora property will be of significant benefit as the company advances exploration and the PTO (mines operations plan) with the prime objective of drilling," commented Max chief executive officer Brett Matich.

"Collective Mining's Guayabales continues to move closer with the first drill hole at the X target, located adjacent to the northern border, intersecting 12.85 m at 503 g/t silver equivalent. Adjoining along the eastern border, Aris Mining reports Marmato upgrade target of 200,000 ounces per year starting Q4 2026, highlighting the prospectivity of Mora," he concluded.

Quality assurance/quality control (QA/QC)

Max adheres to a strict QA/QC program for sample handling, sampling, sample transportation and analyses. All 21 rock samples were taken by the Max consulting geologist, labelled, placed in sealed, securitized bags and shipped to ALS Lab's sample preparation facility in Medellin, Columbia. ALS Medellin is an ISO 9001:2008-certified facility and is independent of Max. All samples were analyzed using ALS procedure ME-ICP61, a four-acid digestion with inductively coupled plasma finished. Overlimit gold is determined by ALS procedure Au-GRA21 a 30-gram fire assay with a gravimetric finish. Overlimit silver, lead, arsenic and zinc were determined by ALS procedure OG-62, a four-acid digestion with an atomic absorption spectroscopy finish.

At this early stage of exploration, Max relied on the QA/QC protocols employed by ALS.

Qualified person

The company's disclosure of a technical or scientific nature in this news release was reviewed and approved by Tim Henneberry, PGeo (British Columbia), a member of the Max Resource advisory board, who serves as a qualified person under the definition of National Instrument 43-101.

About Max Resource Corp.

Max Resource is a mineral exploration company focused on copper and precious metals assets in Colombia and exploration development of a high purity iron project in Brazil.

  • Mora gold-silver project in Colombia encompasses over 40 historic, five active mines, a series of exposed polymetallic structures over 2,500 m by 1,000 m surrounded by Collective Mining's Guayabales project and Aris Mining's Marmato gold operations;
  • Sierra Azul copper-silver project in Colombia sits along the Colombian portion of the world's largest producing copper belt (Andean belt), with world-class infrastructure and the presence of global majors (Glencore and Chevron). Fully financed by global miner Freeport-McMoRan relating to rights to earn up to 80 per cent by financing $50-million of accumulated expenditures. Backed by support of Freeport-McMoRan, the team views as validation of the geological and mining potential of Serra Azul. The 2026 exploration season is well under way;
  • Floralia high-purity iron project in Brazil lies adjacent to the largest iron ore mines in Minas Gerais, Brazil's largest iron ore and steel producing State. Exploration target of 50 million to 70 million tonnes at 55 per cent to 61 per cent iron (Fe). Fully financed through an option to purchase by Bolt Metals Corp. issuing an aggregate of 32.3 million shares. Bolt is in process of closing financing. The transaction is subject to satisfactory applicable regulatory approvals.

Max cautions investors the potential quantity and grade of the iron ore are conceptual in nature, and further cautions there has been insufficient exploration to define a mineral resource and Max is uncertain if further exploration will result in the geological target being delineated as a mineral resource. Hematite mineralization tonnage potential estimation is based on in situ high-grade outcrops and interpreted and modelled magnetic anomalies. Density value used for the estimate is 2.8 tonnes per cubic metre. Hematite sample grades range between 55 and 61 per cent Fe. The 58 channel samples were collected for chemical analysis from in situ outcrops in previously mined slopes of industrial materials.

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