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| Mon Aug 10, 2009 MAX samples > 100g/t Gold, 105 ppm Tellurium at Crowsnest Gold property, Southeastern B.C. | |
| MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has received assays from a sample taken during a due diligence site visit at Crowsnest conducted by MAX in June 2009. MAX's VP Exploration, Clancy Wendt, noted visible gold mineralization near an area referred to as the "discovery trench". Results have now been received for a sample of this mineralization, which occurs in a silicified, quartz veined and pyritic mineralized section of a monzonite intrusive. The sample exceeded the upper detection limit of the laboratory for gold (greater than 100,000 ppb -- 100 grams per tonne) and is being re-assayed by Acme Analytical Labs Ltd. using a different technique to determine its full gold content. Also of significance in the recent sample result is the high content of tellurium (105.4 ppm). Several previous operators at Crowsnest, including Placer Dome Inc., have suggested a number of comparables exist between the Crowsnest Project and the Cripple Creek deposit located in Colorado. These comparables include the tectonic setting, alkalic intrusive association and occurrence of tellurium. Cripple Creek, in production since 1890, has produced in excess of 23.3 million ounces of gold (to 2005) and continues to be mined by Anglo Ashanti Gold Mining. MAX has been advised by its option partner, Eastfield Resources Ltd. (TSX-V: ETF), that the exploration permit has now been issued for the proposed September 2009 drill program at Crowsnest. The Company is now making arrangements to conduct a reverse circulation drill program at Crowsnest in mid-September which will continue to explore the discovery trench area with close spaced drill holes to find the extent of the high grade mineralization and to define the direction and extent of the mineralized structure. The discovery trench area was discovered in 1996 and trenched by Eastfield in 1999, resulting in a trench intercept of 8.57 g/t gold over 16.5 metres. The Crowsnest gold project consists of 15 claims totaling 3,142 hectares located in Southeast B.C., one and one half hours by gravel road south of the town of Sparwood. Crowsnest is one of two gold exploration properties in B.C. optioned from Eastfield, as announced in our news release of July 27, 2009. 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 is for reference only and the reader should not infer or assert that the information is correct, reliable or accurate. About MAX Resource Corp. MAX Resource Corp. is a Canadian based exploration company with a diversified portfolio of mineral exploration projects in Canada and the Western United States. Our properties include Gold in Alaska, Nevada and British Columbia, Uranium projects in the south western U.S. and northern Canada, and Molybdenum in Alaska and Nevada. 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 Contact: Leonard MacMillan, Corporate Communication Telephone: (866) 331-5088 or (604) 637-2140 info@maxresource.com www.maxresource.com 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. | |
You can view the Next News Releases item: Mon Aug 31, 2009, MAX acquires Table Top gold project in Nevada; permitting underway for fall drill program You can view the Previous News Releases item: Mon Jul 27, 2009, MAX options Crowsnest Gold Property; drilling planned for fall at Crowsnest and Howell gold projects in Southeastern B.C. You can return to the main News Releases page, or press the Back button on your browser. |
