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.