TSX-V: MXR
OTC BB: MXROF
Frankfurt: M1D
VANCOUVER,
Dec. 16 /PRNewswire/ - MAX Resource
Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has
received partial drill results from a recently completed core drill
program at its wholly-owned Table Top gold project in Humboldt County, Nevada. These
preliminary results include an intercept of 9.1 m of 1.092 g/t
Au in hole MT-15.
Max tested the down dip extension of the
mineralized structure intersected in its drill program earlier this
summer to a new depth in the 250-1,000 foot (76.2 - 304.8 meters)
zone. The drilling appears to have intersected the
mineralized structure at depth in both drill holes. The
preliminary assay results are as follows:
Hole |
Angle |
Total
Depth (m) |
From (m) |
To (m) |
Width (m) |
Gold (g/t) |
|
|
|
|
|
|
|
MT 14 |
- 70 degrees |
120.4 |
73.1 |
79.2 |
6.1 |
0.534 |
|
|
|
|
|
|
|
MT 15 |
- 85 degrees |
324.5 |
230.1 |
239.2 |
9.1 |
1.092 |
Hole MT-15 was drilled to a final depth of
1064.5 feet (324.5 m). Assays received from MT-15 show ore
grade mineralization (9.1 m of 1.092 g/t Au) starting at a depth of
230.1 m. The drill core intervals immediately above this intercept
were not sent for assay but appear to be visually similar to the
ore grade intervals for which we now have assay results. We
believe that these adjoining intervals of similar material may also
be mineralized; they are currently being split and sent for rush
assay, with results to be reported as soon as
available.
The dikes and silicified structures encountered
in previous drilling along with visible stibnite crystals and
pyrite continues to depth but the previously well defined three
zones have now become harder to discern. Besides the silicified
structures, abundant argillically altered zones were also
encountered in MT-15 which appear to correlate to the mineralized
system and may be indicative of the mineralized area in
MT-14. These drill holes have confirmed that the
mineralization not only extends to depth but also increases in
width and grade and is not yet fully defined.
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 vast majority of rock intercepted is near
vertically dipping dolomitic mudstone, with lesser amounts of
micritic limestone, calcareous siltstone and rare fossiliferous
limestone. Fine grained sericite and carbonate altered dikes
were intersected in the three main mineralized zones and in some
places completely engulfed the structural zones observed up-dip. In
places, a few beds of fine grained sandstone were intersected.
Sulfide mineralization is primarily pyrite in
several forms including very fine grained dark brassy replacements
mainly along lithologic contacts and bedding. Rare but
widespread stibnite is found as crystals to 4 mm long on contacts
between calcite ± quartz veins and wall rock. Dolomitic
alteration is widespread; argillic alteration is concentrated in
and around fault/ shear zones and areas of heavy sulfide
mineralization and contains the gold mineralization.
The Table Top property is located 10 miles west
of the town of Winnemucca, Nevada,
just off of Interstate 80. Table Top is 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.
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.
SOURCE MAX Resource Corp.
Copyright . 16 PR Newswire