Wed Mar 8, 2006 Drilling scheduled at Thomas Mountain Uranium project in Utah
Max Resource Corp. ((TSX.V: MXR; OTCBB -- MXROF; Frankfurt: M1D) has retained DeLong Construction and Drilling of Nevada as the drilling contractor for its Thomas Mountain uranium prospect in Juab County, Utah.
The Thomas Mountain project comprises 195 claims totaling 3,900 acres and is located 150 miles southwest of Salt Lake City and 20 miles west of the town of Delta. These uranium claims are situated east of the Brushman Wellman Beryllium mine, and have excellent road access. The claims are controlled 100% by MAX.
DeLong Drilling will be using a reverse-circulation drill to drill the first hole of a six hole drill program. Drilling is scheduled to begin on or about March 15, 2006.
The PPCO claims were explored during the early 1980's by Phillips Uranium, a wholly-owned subsidiary of Phillips Petroleum. Phillips encountered uranium grades of approximately 0.05% U3O8, over a 100 foot thickness at a depth of 900 feet within a small caldera. The uranium host rock was identical to the host rock found in a nearby structurally controlled uranium system, the "Yellow Chief" mine, that produced approximately 500,000 pounds of uranium from ore that had an average grade of 0.2% U3O8. The mining was terminated when the ore zone was found to be faulted off to the east. The zone found by Phillips on the PPCO claims is thought to be the source of the original Yellow Chief mineralization. The mineralization is in the mote sediments of a small caldera contained within a major caldera system and appears to be structurally controlled along the edge of this caldera. Due to the geological formations in the area, the property may be amenable to "in-situ leaching "("ISL"), subject to further exploration.
Exploration drilling conducted by Phillips on the PPCO claims was supervised by Clancy J. Wendt, the Vice President of Exploration for MAX, who was employed by Phillips at that time. Further exploration of the property was terminated by Phillips after the Three Mile Island accident, which resulted in Phillips terminating all of its uranium exploration activities.
About MAX Resource Corp.
MAX Resource Corp. is a Canadian mineral exploration company that identifies, acquires and finances advanced stage exploration projects. MAX is currently focused on the discovery of uranium, precious metals and base metals, with interests in properties in Alaska, Utah, New Mexico and the Northwest Territories of Canada. For more information, please visit our web site at www.maxresource.com.
On behalf of the Board of Directors of MAX Resource Corp.
Contact: Leonard MacMillan, Corporate Communication
Telephone: (800) 248-1872 or (604) 637-2140
The TSX Venture Exchange does not accept 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.
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