TSX-V Symbol: MXR
OTC BB Symbol: MXROF
Frankfurt: M1D
VANCOUVER, Sept. 7 /PRNewswire-FirstCall/ - 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 of
MAX Resource Corp.
"STUART ROGERS"
Stuart Rogers
President
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.
SOURCE MAX Resource Corp.
Copyright t. 7 PR Newswire