TSX-V Symbol: MXR
OTC BB Symbol: MXROF
Frankfurt: M1D
VANCOUVER, April 7 /PRNewswire-FirstCall/ - MAX Resource
Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has begun a
16-hole core drill program at its wholly-owned Table Top gold
project in Humboldt County,
Nevada. This drill program follows an extensive trenching
program that has been conducted on recently acquired claims at
Table Top, with assay results pending.
The Table Top property is comprised of 171 claims (3,420 acres)
located 10 miles west of the town of Winnemucca, Nevada, just off of Interstate
80.
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 (a joint venture between Newmont Mining Corporation and
Fronteer Development Group Inc.) immediately to the north where
drilling by Newmont continues to highlight the high-grade nature of
near-surface gold mineralization.
MAX now controls all prospective land available between Table
Top and Sandman, where Newmont can earn a 60% interest by spending
$23 Million on exploration and
advancing the project to a production decision by June 2011. Maps showing the Kings River Rift and
the new claims staked by MAX are available on our web site at
www.maxresource.com.
Clancy Wendt, VP Exploration
states "The trenching and drilling program was determined after
having reviewed aerial photos, geology maps, geochemical assay
maps, and geophysics, as well as data from the limited drilling
conducted to date on the property by prior operators. Also, having
reviewed the drill results reported by Fronteer to the immediate
north at Sandman, we have a better understanding of the
mineralizing systems in the area, especially in the area of rock
type, mineralization, structure and alteration seen at the surface.
We feel that the Table Top area is geologically favorable for the
discovery of a medium-sized, high grade, sedimentary style oxide
gold deposit in a near surface environment."
This news release has been reviewed by Mr. 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 gold, with three gold properties in
Nevada being actively explored in
2010. For more information, please visit our web site at
www.maxresource.com.
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. Further, this news release contains
information about adjacent properties on which the Company has no
right to explore or mine. Readers are cautioned that the United
States Securities and Exchange Commission's mining guidelines
prohibit information of this type in documents filed with the SEC
and that mineral deposits on adjacent properties are not indicative
of mineral deposits on the Company's properties.
SOURCE MAX Resource Corp.