MAX completes six core drill holes at Table Top gold project in Nevada; drilling to begin at Majuba Hill copper/silver project in April.
TSX-V Symbol: MXR
OTC BB Symbol: MXROF
VANCOUVER, April 12 /PRNewswire/ - MAX Resource Corp. (TSXV: MXR) (OTCBB: MXROF) (Frankfurt: M1D) has completed a six hole core drill program at the company's wholly owned Table Top gold project in Humboldt County, Nevada. Table Top is located 10 miles west of the town of Winnemucca, immediately south of the Sandman gold project, one of the Nevada properties included in the recent acquisition of Fronteer Gold Inc. by Newmont Mining Corp.
Six diamond core holes were drilled at Table Top for a total of 497 metres. Five holes were drilled to the northeast of previous drilling and a sixth was drilled to identify 1+ gram gold intercepts found by surface sampling southwest of last year's drilling and 155 metres from the next nearest drill hole. Drill core is currently being split and assay results are pending.
Table Top is located along the Kings River Rift, a regional geologic feature that appears to control mineralization in the area and which hosts multiple high-grade vein-related gold systems. Along this trend is AMAX's Sleeper Canyon Mine (2.5 MM oz Au produced), located 25 miles to the north, the Goldbanks gold occurrence located 37 miles to the south, and the Sandman gold deposits, now owned by Newmont, immediately to the north.
Majuba Hill Copper/Silver project
At Majuba Hill, excavation of roads and drill sites is underway for a six hole core drill program to begin on patented land in late April. Majuba Hill is the site of a number of past-producing high-grade copper and silver mines. The company's initial exploration program is designed to expand and define the extensive zones of high grade copper/silver mineralization identified during reverse-circulation drilling conducted by Minterra in 2007. Highlights of Minterra's drilling included 145 feet at 1.85 opt and 0.49% Cu, inclusive of 15 feet at 5.01 opt Ag (hole MH-6) and 100 feet at 0.99 opt Ag, inclusive of 15 feet at 4.00 opt Ag (hole MH-5). The mineralized system is open to the north, east and west and to depth. In addition, soil sampling is planned for two areas of copper/silver mineralization identified to the west and to the east of the mineralized zone, where copper samples as high as 7.2% Cu and 3 opt Ag in outcrop have been reported by previous operators and have not yet been fully mapped or explored.
Majuba Hill encompasses 2,313 acres of surface and mineral rights comprising patented and unpatented lode mining claims and private mineral rights. Majuba Hill is 30 miles northwest of Coeur d'Alene's Rochester mine, which has produced 127 million ounces of silver and 1.5 million ounces of gold since 1986. The property is easily accessed via 23 miles of well-maintained dirt roads leading from United States Interstate 80.
This news release has been reviewed by Clancy J. Wendt , P. Geo, a qualified person as that term is defined under National Instrument 43-101. The historic information provided has not been verified by MAX and is for reference only.
About MAX Resource Corp.
MAX Resource Corp. is a Canadian exploration company with a diversified portfolio of mineral exploration projects in the Western United States. We are currently focused on precious metals in Nevada, where four gold and silver properties are being actively explored in 2011. For more information, please visit our web site at www.maxresource.com.
On behalf of the Board of Directors of
MAX Resource Corp.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release includes certain "forward looking statements". Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause MAX's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.
SOURCE MAX Resource Corp.
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