German Version Unavailable
MAX to drill East Manhattan Wash, Nevada in October; additional soil samples of up to 1.27 g/t gold.
MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D)
has received a drill permit from the U.S. Forest Service and drilling is scheduled for October at the East Manhattan Wash ("EMW") gold project in Nevada. In addition, assays have been received from additional soil sampling recently completed at EMW, where 163 new samples were taken with significant values ranging from 0.05 ppm to 1.27 ppm (1.27 g/t) gold. In March 2009 MAX announced the recovery of 4.9 g/t gold and 1.2 g/t silver from a large bulk sample at EMW.
The mineralized zones are located in a volcanic rhyolite lithic tuff hosting coarse gold. Mineralization now exposed at surface encompasses an area in excess of 5,500 by 1,500 feet that is believed to be much larger but is covered by either overburden or alluvium. The covered area will be tested by auger drilling to see how far below the surface the volcanic tuff extends. A map of the sampling locations at East Manhattan Wash is now available on our web site at www.maxresource.com
Clancy Wendt, VP Exploration of MAX, states "With this latest sample result we have now defined a significant area of gold mineralization that contains potential for a large mineralized system. More important is the fact that the mineralization appears to be free gold within the volcanic tuff. Having now defined a large mineralized area at surface, we plan to conduct an extensive auger drill program in October to determine the depth of the mineralization, extend the known mineralization below cover, and to see if it increases in grade."
Sample holes ranged from 12 inches to 48 inches in depth. Each hole location was identified with a 16 inch wooden stake labeled with an aluminum tag and backfilled to minimize disturbance. This technique was used to look at a small representative area and obtain any coarse gold trapped in the bedrock fractures. The soil samples were analyzed by ALS Laboratory Group (Chemex) in Reno, Nevada. Samples from two of the sample grids taken in the coarse gold area (as seen in the previous bulk sample) were run for gold and silver using a one kilogram split with following cyanide leach to minimize the potential to miss the coarse gold. The other grid (different mineralization style) samples were fire assayed in addition to an ICP (Inductively Coupled Plasma) suite of 41 elements. All sample bags were labeled at the site with a sample specific number, logged on a sample card with sample card tag put in each sample bag and taken directly from the field to ALS Labs. In addition, each site was located using a GPS in UTM with NAD 27.
The EMW property is comprised of 78 claims (1,560 acres) located 40 miles north of the town of Tonopah and eight miles south of the Round Mountain Mine (Kinross/Barrick), a conventional open pit operation that has produced more than 12 million ounces of gold to date. EMW is the subject of an option agreement whereby MAX can earn a 100% interest, subject to a 3% NSR royalty. There are no historic reports on the project available to Max.
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. 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 ofMAX Resource Corp.
Contact: Leonard MacMillan, Corporate Communication
Telephone: (866) 331-5088 or (604) email@example.com www.maxresource.comNeither 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