TSX-V Symbol: MXR
OTC BB Symbol: MXROF
Frankfurt: M1D
VANCOUVER, Jan. 18 /PRNewswire/ - MAX Resource Corp.
(TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has now received
complete assay results from its wholly-owned Table Top gold project
in Humboldt County, Nevada.
These results include an intercept of 12.1 m of 0.91 g/t gold in
hole MT-15, inclusive of the 9.1 m of 1.09 g/t Au
previously reported. Drilling will resume when weather
permits.
Max drilled two holes to test the down dip
extension of the mineralized structure intersected in its drill
program in early 2010 to a new depth in the 250-1000 foot (76.2 -
304.8 meters) zone. The drilling intersected the previous
mineralized structures in both drill holes and confirms that the
mineralization extends to depth.
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 |
0.53 |
|
|
|
100.6 |
108.2 |
7.6 |
0.13 |
MT 15 |
-85 degrees |
324.5 |
227.0 |
239.2 |
12.1 |
0.91 |
|
Including |
|
230.1 |
239.2 |
9.1 |
1.09 |
Assays received in December from MT-15 showed
ore grade mineralization (9.1 m of 1.09 g/t Au) starting at a depth
of 230.1 m. The drill core intervals immediately above this
intercept were not originally assayed but were visually similar to
the ore grade intervals. Assay results from these intervals
have now been received and two adjacent intervals immediately above
the previously reported interval assayed at 0.77 g/t Au and 0.69
g/t Au respectively, extending the overall mineralized zone to
12.1 m of 0.91 g/t Au.
Hole MT-15 was drilled to a final depth of
1064.5 feet (324.5 m). There is a very anomalous zone,
greater than 97 ppb, from 630 feet to 740 feet in rocks that appear
to be very permissive for mineralization. This zone has
not been seen at the surface and opens an additional area for
exploration. Further drilling, to be conducted when weather
permits, will target the mineralized system down dip and along
strike, exploring for higher grade gold within the sedimentary
(stibnite and calcite bearing carbonate rocks) package.
All mineralized core from this drill program was
split and submitted for assay to Inspectorate America Corp, an ISO
certified Laboratory in Reno,
Nevada.
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.
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 2011.
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 . 18 PR Newswire