MAX Resource Corp. ("MAX") is pleased to announce the results from first phase drilling at its Gold Hill Project in Alaska. Seven core holes were drilled to test previous high grade mineralization encountered by Amax Gold in the 1980's. The results are as follows:
Mr. Clancy J. Wendt, P.Geo., VP Exploration for MAX states: "We are extremely pleased with our initial exploration program. We confirmed the original gold values from previous drilling by Amax Gold, and exploration identified at least four additional zones and structures."
The new zones identified include a major structure with approximately one meter of mineralization grading 14.4 gpt gold and 0.18% copper, and a sheeted zone where values of 7.9 gpt gold and 1.1% copper were found in the fractures.
Petrographic work indicates that the drill core is almost all diorite to intermediate composition intrusive rocks. Polished section work showed that gold is found in a free state and is related to the intrusions. Pyrite, arsenopyrite, pyrrhotite, chalcopyrite, molybdenum, native copper, and gold are found in veins and as disseminations in the host rocks.
The Gold Hill property is located next to the southern portion of the prolific Tintina Gold Province, approximately 145 miles north of Anchorage, Alaska. Logistics are good as the property is located only 10 miles off the paved Denali highway from Cantwell, Alaska.
Clancy J. Wendt, P.Geo. serves as the Qualified Person for the project and has reviewed this press release.
On behalf of the Board of Directors of
MAX Resource Corp.
The contents of this news release have neither been approved nor disapproved by the TSX Venture Exchange.
This News Release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. 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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