TSX-V Symbol: MXR
OTC BB Symbol: MXROF
Frankfurt: M1D
VANCOUVER, April 12 /PRNewswire/ - MAX Resource Corp.
(TSXV: MXR) (OTCBB: MXROF) (Frankfurt: M1D) has completed a
six hole core drill program at the company's wholly owned Table Top
gold project in Humboldt County,
Nevada. Table Top is located 10 miles west of the town of
Winnemucca, immediately south of
the Sandman gold project, one of the Nevada properties included in the recent
acquisition of Fronteer Gold Inc. by Newmont Mining Corp.
Six diamond core holes were drilled at Table Top
for a total of 497 metres. Five holes were drilled to the northeast
of previous drilling and a sixth was drilled to identify 1+ gram
gold intercepts found by surface sampling southwest of last year's
drilling and 155 metres from the next nearest drill hole.
Drill core is currently being split and assay results are
pending.
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, now owned by Newmont, immediately to the north.
Majuba Hill Copper/Silver project
At Majuba Hill, excavation of roads and drill
sites is underway for a six hole core drill program to begin on
patented land in late April. Majuba Hill is the site of
a number of past-producing high-grade copper and silver mines. The
company's initial exploration program is designed to expand and
define the extensive zones of high grade copper/silver
mineralization identified during reverse-circulation drilling
conducted by Minterra in 2007. Highlights of Minterra's
drilling included 145 feet at 1.85 opt and 0.49% Cu,
inclusive of 15 feet at 5.01 opt Ag (hole MH-6) and 100
feet at 0.99 opt Ag, inclusive of 15 feet at 4.00 opt Ag
(hole MH-5). The mineralized system is open to the north,
east and west and to depth. In addition, soil sampling is planned
for two areas of copper/silver mineralization identified to the
west and to the east of the mineralized zone, where copper samples
as high as 7.2% Cu and 3 opt Ag in outcrop have been
reported by previous operators and have not yet been fully mapped
or explored.
Majuba Hill encompasses 2,313 acres of surface
and mineral rights comprising patented and unpatented lode mining
claims and private mineral rights. Majuba Hill is 30 miles
northwest of Coeur d'Alene's Rochester mine, which has produced 127 million
ounces of silver and 1.5 million ounces of gold since 1986. The
property is easily accessed via 23 miles of well-maintained dirt
roads leading from United States
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. 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 precious metals in Nevada, where four gold and silver properties
are 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.