Tue Sep 21, 2010 MAX intercepts mineralized structure at depth at Table Top gold project in Nevada; assays pending.
MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has completed drilling at its wholly-owned Table Top gold project in Humboldt County, Nevada. Splitting of the drill core is underway and samples will be delivered to Inspectorate Labs, an ISO certified geochemical laboratory, for assay. The Table Top property is located 10 miles west of the town of Winnemucca, just off of Interstate 80.
MAX tested the down dip extension of the mineralized structure intersected in its drill program earlier this summer where, of fourteen holes drilled, ten intersected the mineralized structure and contained significant gold mineralization, including 27.4 meters of 0.467 g/t Au and 3 meters of 1.79 g/t gold. Two holes were drilled during the current program, one (MT-14) to 395 feet and the other (MT-15) to 1,064.5 feet, with the previously identified mineralized structures intersected in both drill holes and a third potentially mineralized zone identified. Dikes and silicified structures were encountered along with visible stibnite crystals, pyrite and proto-graphite. Significant carbon has been identified in these deeper levels along with dark brassy granular pyrite partially replacing bedding; the mineralization and core appear similar to that encountered around the Goldstrike Betze-Post mine operated by Barrick on the Carlin trend. Besides the silicified structures, abundant and adjacent argilically altered zones were encountered along with dolomite alteration distal to argillized and decarbonatized zones. These drill holes have confirmed that the mineralization extends to depth and varies in dip from about 72o to 85o southeast.
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 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 (a joint venture between Newmont Mining Corporation and Fronteer Development Group Inc.) immediately to the north, where drilling by Newmont continues to highlight the high-grade nature of near-surface gold mineralization.
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 gold, with three Nevada gold properties, Table Top, East Manhattan Wash and Diamond Peak, being actively explored this fall. 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
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.
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