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MAX sampling at East Manhattan Wash, Nevada returns significant gold values up to 0.32 ppm Au in soils; native gold mineralized area expanded at Old Drill Hole and Gold Pit Zones
TSX-V Symbol: MXR
OTC BB Symbol: MXROF
Frankfurt: M1D
The current sampling program was designed to delineate the geometry of the native gold mineralization in three areas of interest. Significant values in the samples that were taken ranged from 0.05 ppm to 0.32 ppm gold with two of the zones being open in at least three directions.
The first two grids are located in a volcanic rhyolite lithic tuff hosting coarse gold. These areas, the "Gold Pit" and the "Old Drill Hole" grids, were sampled first by clearing a 1 meter by 1 meter area of surface debris then removing the organic (A) and root (B) soil horizons in turn. The sample was collected and consisted of a mixture of the soils directly above the bedrock (C horizon) and a portion of the bedrock below the soil. The sample was then sieved to 1/4 inch minus then bagged.
These holes ranged from 12 inches to 48 inches in depth. Each hole location was identified with a 16 inch wooden stake labeled with an aluminum tag and backfilled to minimize disturbance. This technique was used to look at a small representative area and obtain any coarse gold trapped in the bedrock fractures.
In the first area, the Old Drill Hole grid, 30 samples were taken. The values ranged from nil to 0.32 ppm gold. The mineralized zone is 1200 feet long and 600 feet wide and is open in all four directions. Further work is now planned to define the full areal extent of mineralization in this zone. A map of the sampling locations at East Manhattan Wash is now available on our web site at www.maxresource.com.
At the Gold Pit grid, located approximately 500 feet west of the Old Drill Hole grid, the area of significant mineralization was 1000 feet long by 250 feet wide. Again, the values range from nil to 0.32 ppm Au. This zone is open to the north, east and west and further work is planned for this area, which contains the old prospector's pit from which our recent bulk sample grading the equivalent of 4.9 g/t gold was collected. The geology of the "Gold Pit" area consists of lithic rhyolitic and lapilli tuffs. These tuffs are locally argillically altered with minor local silicification.
A metallurgical sample was also taken and the entire sample contained 0.018 opt Au. This sample was found to contain visible native gold in the concentrate, middling's, and the reject, with equal values in each of the three sizes. The gold found is from fine to coarse grained in size and did not seem to be in any one size fraction.
The third grid, "The Gold Shaft," is located in altered inter-bedded phyllite, quartzite and limestone and is approximately 7,000 feet south of the Gold Pit grid. These holes ranged from 4 inches to 12 inches in depth. The values in the soil did not indicate a mineralized structure or an area of concentrated gold. No real anomalous values of other trace elements were observed. Outcrop samples of silicified zones are going to be sampled during follow-up work later this summer.
The soil samples were analyzed by ALS Laboratory Group (Chemex) in
About the Manhattan Mining District,
More than 1,000,000 ounces of gold have been mined in the
The current exploration model suggests that deposits that will be found in the
The EMW property is comprised of 133 claims (2,660 acres) located 40 miles north of the town of
This news release has been reviewed by Mr.
About MAX Resource Corp.
------------------------
MAX Resource Corp. is a Canadian based exploration company with a diversified portfolio of mineral exploration projects in
On behalf of the Board of Directors of
MAX Resource Corp.
"STUART ROGERS"
Stuart Rogers
President
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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