TSX-V Symbol: MXR
OTC BB Symbol: MXROF
Frankfurt: M1D
VANCOUVER, Sept. 21 /PRNewswire-FirstCall/ - MAX Resource
Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has completed
drilling at its wholly-owned Table Top gold project in Humboldt County, Nevada. Splitting of the
drill core is underway and samples will be delivered to
Inspectorate Labs, an ISO certified geochemical laboratory, for
assay. The Table Top property is located 10 miles west of the town
of Winnemucca, just off of
Interstate 80.
MAX tested the down dip extension of the mineralized structure
intersected in its drill program earlier this summer where, of
fourteen holes drilled, ten intersected the mineralized structure
and contained significant gold mineralization, including 27.4
meters of 0.467 g/t Au and 3 meters of 1.79 g/t gold. Two holes
were drilled during the current program, one (MT-14) to 395 feet
and the other (MT-15) to 1,064.5 feet, with the previously
identified mineralized structures intersected in both drill holes
and a third potentially mineralized zone identified. Dikes and
silicified structures were encountered along with visible stibnite
crystals, pyrite and proto-graphite. Significant carbon has been
identified in these deeper levels along with dark brassy granular
pyrite partially replacing bedding; the mineralization and core
appear similar to that encountered around the Goldstrike Betze-Post
mine operated by Barrick on the Carlin trend. Besides the silicified
structures, abundant and adjacent argilically altered zones were
encountered along with dolomite alteration distal to argillized and
decarbonatized zones. These drill holes have confirmed that the
mineralization extends to depth and varies in dip from about 72
degrees to 85 degrees southeast.
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 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 Nevada gold properties, Table Top, East
Manhattan Wash and Diamond Peak,
being actively explored this fall. 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.
SOURCE MAX Resource Corp.
Copyright . 21 PR Newswire