TSX-V Symbol: MXR
OTC BB Symbol: MXROF
Frankfurt: M1D
VANCOUVER, June 22 /PRNewswire-FirstCall/ - MAX Resource
Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has received the
assays from its recent diamond drill program at the Table Top gold
project near Winnemucca, Nevada. A
total of 15 holes were drilled for a total of 660 meters (2,156
feet). Of these holes, ten intersected the mineralized structure
and contained significant gold mineralization. The zone of
mineralization continues for the entire length of the structure and
is open to the northeast and southwest. Gold mineralization also
appears to increase in value as deeper zones are intersected.
In addition to the 15 holes completed at Table Top, three
trenches were dug and sampled near the original drill hole reported
by Gold Fields Mining Company that contained 50 feet of 0.027 opt
Au. The current core holes were drilled to be perpendicular to the
strike of the mineralized zone and across mineralization which is
hosted in a silicified tectonic breccia.
All significant gold assays are listed below:
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Hole Angle From (m) To (m) Width (m) Gold (g/t)
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MT 1 -45 degrees 6.09 12.2 6.11 0.749
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Including 9.1 10.7 1.6 1.436
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MT 2 -60 degrees 12.2 39.6 27.4 0.467
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Including 27.4 35.0 7.6 0.760
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MT 4 -45 degrees 16.7 22.8 6.1 0.614
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Including 18.3 21.3 3.0 0.783
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MT 5 -75 degrees 21.3 25.9 4.6 0.396
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Including 24.4 25.9 1.5 0.794
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MT 6 -60 degrees 16.8 21.3 4.5 0.545
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Including 18.3 19.8 1.5 1.27
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MT 7 -75 degrees 22.9 24.4 1.5 0.734
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MT 8 -45 degrees 10.7 18.3 7.6 0.664
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Including 15.3 16.8 1.5 1.290
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MT 9 -75 degrees 28.9 30.4 1.5 0.451
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MT 11 -45 degrees 18.3 19.8 1.5 0.558
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MT 12 -75 degrees 32.0 35.0 3.0 1.79
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Including 32.0 33.5 1.5 2.562
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All mineralized core from this drill program was split and
submitted for assay to Inspectorate America Corp, an ISO certified
Laboratory in Reno, Nevada.
The drill results at Table Top indicate that MAX may have found
a potential mineralized feeder similar to a Carlin Type gold
system. Multi-element geochemical values of arsenic, antimony and
mercury are all extremely elevated with respect to background;
numerous 1.5 m intercepts exceed 100 ppm arsenic and antimony, with
thallium values in excess of 10 ppm. All of these elevated values
are directly associated with elevated (in excess of 100 ppb and as
high as 2,562 ppb) gold values. Silver, tellurium, selenium and
base metal values are all low. Geologic interpretation indicates
the zone is a 20 meter to 30 meter wide, northeast striking and
southeast dipping structural zone. Gold and associated trace
element mineralization is associated in and surrounding a
silicified breccia (jasperoid). Low grade gold mineralization
associated with high grade trace elements is often found to occur
in Carlin style gold feeder
systems, as have lamprophyre dikes that have also been identified
in this zone. Lamprophyres are often found in Carlin systems and are indicative of deep
seated structures. Continued evaluation of the drilling data is
underway; additional drilling will target deeper mineralization
where high grade gold deposits have been found in the recent past
at Carlin systems (such as Meikle
and Deep Star). Max intends to test this theory during a phase 2
drill program this summer that will be designed to test these deep
targets.
A map showing the location of the trenches and drill holes
completed at Table Top will be available soon on our web site at
www.maxresource.com.
The Table Top gold project consists of approximately 157 claims
totaling 3,142 hectares located near the town of Winnemucca in Humboldt County, Nevada and is only one half
hour by gravel road north of town. Table Top is located along the
King 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.
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 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.