Max Resource Corp. Secures Extension on Option to Purchase Florália Iron Ore Property

Max Resource Corp., a mineral exploration company, has announced that it has secured a 30-day extension on the option to purchase 100% of the Florália DSO Iron Ore Property located in Brazil. The property is situated within the Iron Quadrangle, which is known for hosting some of the largest iron mines in the world. Max Resource Corp. received conditional approval from the TSX Venture Exchange for the transaction and has filed an independent Technical Report in accordance with National Instrument 43-101. The report estimates a geological target of 8,052,041 to 12,184,160 tons of iron ore with an average grade of 58% Fe. However, Max Resource Corp. cautions investors that the potential quantity and grade of the iron ore is conceptual and further exploration is needed to define a mineral resource. The planned exploration for 2024 includes geophysical and structural mapping programs, followed by drilling. Max Resource Corp. is also advancing the Sierra Azul Copper-Silver Project in Colombia through an earn-in agreement with Freeport-McMoRan Exploration. The company aims to define priority targets for drilling and conduct systematic regional exploration. Additionally, Max Resource Corp. recently executed a Share Exchange Agreement to acquire all the issued and outstanding shares of Bay Street Mineral Corp., which holds a net smelter royalty over mining concessions in the Sierra Azul Project. With these developments, Max Resource Corp. is positioning itself for growth and success in the mineral exploration sector.