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MAX begins drilling to test mineralized structure at depth at Table Top gold project in Nevada
MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D)
has begun drilling at its wholly-owned Table Top gold project in Humboldt County, Nevada. The Table Top property is located 10 miles west of the town of Winnemucca, Nevada, just off of Interstate 80.
Max will be testing a down dip extension of the mineralized structure intersected during its drill program earlier this summer to a new depth in the 500-1000 foot zone. Of fifteen 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
. The zone of mineralization continues for the entire length and is open to the northeast and southwest. Gold mineralization also appears to increase in value as deeper zones are intersected.
This year's earlier drill results at Table Top indicate that MAX may have found a potential feeder similar to a Carlin Type gold system. Multi-element geochemical values of arsenic, antimony and mercury are all extremely elevated with respect to background; numerous 1.5 m intercepts exceed 100 ppm arsenic and antimony; and thallium values in excess of 10 ppm. All of these elevated values are directly associated with elevated (in excess of 100 ppb and as high as 2,562 ppb) gold values. Silver, tellurium, selenium and base metal values are all low. Geologic interpretation indicates the zone is a 20 meter to 30 meter wide, northeast striking and southeast dipping structural zone. Gold and associated trace element mineralization is associated in and surrounding a silicified breccia (jasperoid). Low grade gold mineralization associated with high grade trace elements is often found to occur in Carlin style gold feeder systems, as have lamprophyre dikes that have also been identified in this zone. Lamprophyres' are often found in Carlin systems and are indicative of deep seated structures. The current drill program will target deeper mineralization where high grade gold deposits have been found in the recent past at Carlin systems (such as Meikle and Deep Star).
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 (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 gold properties in Nevada being actively explored in 2010. For more information, please visit our web site at www.maxresource.com
On behalf of the Board of Directors ofMAX Resource Corp
Contact: Leonard MacMillan, Corporate Communication
Telephone: (800) 248-1872 or (604) firstname.lastname@example.org 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.Back to Past News