TSX-V: MXR
OTC BB: MXROF
Frankfurt: M1D
VANCOUVER, May 31, 2011 /PRNewswire/ - Max Resource Corp.
(TSX.V: MXR) (OTCBB: MXROF) (Frankfurt: M1D) has received
the results from the April drill program at its wholly-owned Table
Top gold project in Humboldt
County, Nevada. A total of six holes (497
meters) were drilled at Table Top, with all holes intersecting gold
mineralization in excess of 100 ppb Au Highlights
included drill hole MT-18, which intersected 9.6 m of 1.04
g/t Au starting at a down hole depth of 42.7 m.
Holes MT-16, 17 and 18 intersected multiple intervals of gold
mineralization exceeding 100 ppb. These latter results
indicate that gold mineralization is not confined to a single zone;
MT-17 had four mineralized zones. Mineralization has now been
identified over a 500 meter strike length and is still open in both
directions. The only drill holes that missed the mineralized zone
were found to have been drilled over the top of the
system. MAX now has a better understanding of the
trend of the mineralization and will continue exploration at Table
Top following the completion of upcoming drill programs planned for
its Majuba Hill and Diamond Peak
properties this summer.
MAX drilled 5 holes to the northeast of the
mineralized structure intersected during drilling in 2010 to test
its extension and confirmed that the mineralized zone extends at
least another 89.9 m northeast of previous drilling. Drilling
intersected the previously identified mineralized structures in
four of five drill holes, with thicknesses comparable to what was
earlier recognized. The sixth hole was drilled 155.1 m
southwest of last year's drilling to follow-up on 1+ g/t Au surface
samples
Summary of gold intercepts in drill holes MT-16 through MT-21
(cutoff at 0.1 g/t).
Hole |
Angle |
From
(m) |
To
(m) |
Thickness
(m) |
Grade
(Au g/t) |
|
|
|
|
|
|
MT-16 |
-44 |
19.81 |
21.34 |
1.53 |
0.22 |
MT-17 |
-45 |
27.43 |
28.96 |
1.53 |
0.14 |
MT-17 |
-45 |
32.16 |
33.07 |
0.91 |
0.19 |
MT-17 |
-45 |
33.07 |
35.66 |
2.59 |
0.80 |
MT-17 |
-45 |
35.66 |
38.10 |
2.44 |
0.18 |
MT-17 |
-45 |
39.62 |
41.15 |
1.53 |
0.18 |
MT-17 |
-45 |
42.67 |
43.95 |
1.28 |
0.26 |
MT-18 |
-70 |
38.10 |
39.62 |
1.52 |
0.13 |
MT-18 |
-70 |
42.67 |
52.27 |
9.60 |
1.04 |
MT-19 |
-58 |
67.06 |
68.12 |
1.06 |
0.29 |
MT-19 |
-58 |
109.73 |
111.25 |
1.52 |
1.48 |
MT-20 |
-45 |
23.20 |
24.38 |
1.18 |
0.23 |
MT-20 |
-45 |
46.82 |
49.99 |
3.17 |
0.83 |
MT-20 |
-45 |
82.51 |
83.82 |
1.31 |
0.10 |
MT-21 |
-45 |
33.22 |
38.10 |
4.88 |
0.42 |
This current drill program confirms that
previous interpretations are still valid regarding the occurrence
of gold mineralization at Table Top. Gold mineralization
continues both northeast and southwest of the previous drilling and
remains roughly the same in grade and tenor. One of the best
intersects thus far was found in hole MT-18, with 1.3 m grading
2.33 g/t at 44.20 meters down hole. It appears that grades,
if not the thickness of mineralized zones, increase with depth.
MAX is currently reviewing the 2010 and 2011
exploration data along with data from prior operators with a view
to better understanding the mineralized system at Table Top prior
to further drilling. A viable target still exists along
strike to the northeast and southwest and down dip where the
vertically standing outcrops bend, creating a zone of structural
preparation. Further drilling is planned to the northeast towards
where Goldfields reported values to 15 g/t gold from outcrops
sampled in the 80's on adjacent land.
Analysis was performed by Inspectorate American
Corp. Laboratories, an ISO certified facility in Reno, Nevada, using fire assay and
multi-element (ICP-ES) techniques producing assays for a 14 element
suite of minerals. Standards and duplicates were used for
quality control of the samples. After the core is logged for each
drill hole, the location of each site is located using a GPS in UTM
coordinates using NAD 27 datum. The core is then split and
put into a sample bag which is labeled for each interval and a
sample card tag put in each sample bag and taken from the core
facility to the Inspectorate Laboratories. A map showing the
location of the drill holes completed at Table Top is now available
on our web site at www.maxresource.com.
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.
This news release has been reviewed by Mr.
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. Further, this
news release contains information about adjacent properties on
which the Company has no right to explore or mine. Readers are
cautioned that the United States
Securities and Exchange Commission's mining guidelines prohibit
information of this type in documents filed with the SEC and that
mineral deposits on adjacent properties are not indicative of
mineral deposits on the Company's properties.
SOURCE MAX Resource Corp.