TSX-V Symbol: MXR
OTC BB Symbol: MXROF
Frankfurt: M1D
VANCOUVER, Sept. 27 /PRNewswire-FirstCall/ - MAX Resource
Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has received a
drill permit from the U.S. Forest Service and drilling is scheduled
for October at the East Manhattan Wash ("EMW") gold project in
Nevada. In addition, assays have
been received from additional soil sampling recently completed at
EMW, where 163 new samples were taken with significant values
ranging from 0.05 ppm to 1.27 ppm (1.27 g/t) gold. In March 2009 MAX announced the recovery of 4.9 g/t
gold and 1.2 g/t silver from a large bulk sample at EMW.
The mineralized zones are located in a volcanic rhyolite lithic
tuff hosting coarse gold. Mineralization now exposed at surface
encompasses an area in excess of 5,500 by 1,500 feet that is
believed to be much larger but is covered by either overburden or
alluvium. The covered area will be tested by auger drilling to see
how far below the surface the volcanic tuff extends. A map of the
sampling locations at East Manhattan Wash is now available on our
web site at www.maxresource.com.
Clancy Wendt, VP Exploration of
MAX, states "With this latest sample result we have now defined a
significant area of gold mineralization that contains potential for
a large mineralized system. More important is the fact that the
mineralization appears to be free gold within the volcanic tuff.
Having now defined a large mineralized area at surface, we plan to
conduct an extensive auger drill program in October to determine
the depth of the mineralization, extend the known mineralization
below cover, and to see if it increases in grade."
Sample 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. The soil
samples were analyzed by ALS Laboratory Group (Chemex) in
Reno, Nevada. Samples from two of
the sample grids taken in the coarse gold area (as seen in the
previous bulk sample) were run for gold and silver using a one
kilogram split with following cyanide leach to minimize the
potential to miss the coarse gold. The other grid (different
mineralization style) samples were fire assayed in addition to an
ICP (Inductively Coupled Plasma) suite of 41 elements. All sample
bags were labeled at the site with a sample specific number, logged
on a sample card with sample card tag put in each sample bag and
taken directly from the field to ALS Labs. In addition, each site
was located using a GPS in UTM with NAD 27.
The EMW property is comprised of 78 claims (1,560 acres) located
40 miles north of the town of Tonopah and eight miles south of the Round
Mountain Mine (Kinross/Barrick), a conventional open pit operation
that has produced more than 12 million ounces of gold to date. EMW
is the subject of an option agreement whereby MAX can earn a 100%
interest, subject to a 3% NSR royalty. There are no historic
reports on the project available to Max.
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.
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 . 27 PR Newswire