TSX-V Symbol: MXR
OTC BB Symbol: MXROF
Frankfurt: M1D
VANCOUVER, April 19 /PRNewswire-FirstCall/ - MAX Resource
Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) is pleased to
announce the intersection of silicified breccia near surface in the
second and third drill holes during core drilling currently
underway at the Company's wholly-owned Table Top gold project in
Nevada. Drill hole MT2 was drilled
at a 45 degree angle next to the original vertical drill hole
completed by Goldfields during the 1980's that intersected 55 feet
of 0.84 g/t Au (0.027 opt). This hole, as well as hole MT3 drilled
at a 60 degree angle at the same location, confirm the existence of
the historic mineralized zone reported by Goldfields and support
our theory that subsequent drilling by Goldfields drilled down the
dip of the beds and thus missed the main mineralized zone. The
drill core samples are being sent for assay to Inspectorate America
Corp in Reno, Nevada. Drilling is
continuing.
Prior to drilling, a trench was dug that exposed a silicified
brecciated zone at surface, with assay results showing anomalous
gold, arsenic, antimony and mercury. Significant gold results from
this trenching are reported in the following table:
Sample Channel Distance (feet) Assay (g/t Au)
----------------------------------------------------------
51 0-5 0.92
52 5-10 0.42
53 10-15 0.33
54 15-20 0.56
56 25-30 0.1
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. More information on Table Top is
available on our web site at www.maxresource.com.
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.