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http://smr.newswire.ca/en/max-resource-corp/max-to-resume-drilling-at-table-top-gold-project
TSX-V Symbol:
MXR
OTC BB Symbol: MXROF
Frankfurt: M1D
VANCOUVER, Feb. 17 /PRNewswire/ - MAX Resource Corp.
(TSXV: MXR) (OTCBB: MXROF) (FSE: M1D) has secured a drill
rig and has scheduled to resume drilling in the first week of March
on the Company's wholly owned Table Top gold project in
Humboldt County, Nevada.
Table Top is located immediately south of the Sandman gold project,
one of the Nevada properties
included in the recent proposal by Newmont Mining Corp. to acquire
Fronteer Gold Inc.
Drilling by MAX in 2010 intersected significant
gold mineralization at Table Top, confirming that the
mineralization not only extends to depth, but also increases in
width and grade. Results included an intercept of 12.1 m of 0.91
g/t gold, inclusive of 9.1 m of 1.09 g/t Au. The mineralization
appears similar to that encountered around the Goldstrike
Betze-Post mine operated by Barrick on the Carlin Trend.
The drilling to be conducted at Table Top will
target the mineralized system down dip and along strike, exploring
for higher grade gold in what appears to be a Carlin-style feeder
system.
Newmont currently has a joint venture interest
in Fronteer's Sandman project, a high-grade, vein-related gold
system on Nevada's King River Rift, a regional geologic feature
that appears to control mineralization in the area and which hosts
multiple high-grade gold systems. MAX's Table Top property is
immediately south of Sandman on this gold trend, which also
features AMAX's Sleeper Canyon Mine (2.5 Moz Au produced), located 25 miles to the north,
and the Goldbanks gold occurrence located 37 miles to the south. A
map of the King River Rift can viewed on our web site at
www.maxresource.com.
The Table Top gold project consists of 48 claims (960 acres)
located 10 miles west of the town of Winnemucca in Humboldt County, Nevada, just off of
Interstate 80.
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. Any 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.
/NOTE TO EDITORS: Media Assets accompanying this story are
available as follows:
Photos:
Nevada Gold Trends):
http://smr.newswire.ca/media/articles/1099/max-resource-nevada-map-2-gold-trends-feb-2011.jpg
King River Rift Gold Trend:
http://smr.newswire.ca/media/articles/1099/tabletoptrend.jpg
SOURCE MAX Resource Corp.
Copyright . 17 PR Newswire