TSX-V Symbol:
MXR
OTC BB Symbol: MXROF
Frankfurt: M1D
VANCOUVER,
March 17 /PRNewswire/ - MAX Resource
Corp. (TSXV: MXR) (OTCBB: MXROF) (Frankfurt: M1D) has
resumed core drilling at its wholly owned Table Top gold project in
Humboldt County, Nevada. Table Top
is located 10 miles west of the town of Winnemucca and is 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 hosted in sedimentary rocks similar to typical
Carlin mineralization and
confirmed 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,
starting at a depth of 227 m. This zone will be tested along strike
to the east and the west, and will include a deep drill hole to
test the extension of the zone in search of higher grade gold
within the sedimentary (stibnite and calcite bearing carbonate
rocks) package.
On the west side of the system, rock samples
from outcrop, identified as "Jasperiod" by previous workers,
returned gold values of up to 1100 ppb Au. The down dip extension
of these assays will be tested during the current campaign.
MAX's Table Top property is immediately south of
Sandman on the King River Rift, a regional geologic feature that
appears to control mineralization in the area and which hosts
multiple high-grade gold systems along this gold trend, including
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 be viewed on our web site at
www.maxresource.com.
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 precious metals, with
four gold and/or silver properties in Nevada to be 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.