TSX-V Symbol: MXR
OTC BB Symbol: MXROF
VANCOUVER, March 17 /PRNewswire/ - MAX Resource Corp. (TSXV: MXR) (OTCBB: MXROF) (Frankfurt: M1D) has resumed core drilling at its wholly owned Table Top gold project in Humboldt County, Nevada. Table Top is located 10 miles west of the town of Winnemucca and is immediately south of the Sandman gold project, one of the Nevada properties included in the recent proposal by Newmont Mining Corp. to acquire Fronteer Gold Inc.
Drilling by MAX in 2010 intersected significant gold mineralization hosted in sedimentary rocks similar to typical Carlin mineralization and confirmed that the mineralization not only extends to depth, but also increases in width and grade. Results included an intercept of 12.1 m of 0.91 g/t gold, inclusive of 9.1 m of 1.09 g/t Au, starting at a depth of 227 m. This zone will be tested along strike to the east and the west, and will include a deep drill hole to test the extension of the zone in search of higher grade gold within the sedimentary (stibnite and calcite bearing carbonate rocks) package.
On the west side of the system, rock samples from outcrop, identified as "Jasperiod" by previous workers, returned gold values of up to 1100 ppb Au. The down dip extension of these assays will be tested during the current campaign.
MAX's Table Top property is immediately south of Sandman on the King River Rift, a regional geologic feature that appears to control mineralization in the area and which hosts multiple high-grade gold systems along this gold trend, including AMAX's Sleeper Canyon Mine (2.5 Moz Au produced), located 25 miles to the north, and the Goldbanks gold occurrence located 37 miles to the south. A map of the King River Rift can be viewed on our web site at www.maxresource.com.
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. Any 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, with four gold and/or silver properties in Nevada to be 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.