TSX-V Symbol: MXR
OTC BB Symbol: MXROF
Frankfurt: M1D
VANCOUVER, May 3 /PRNewswire-FirstCall/ - MAX Resource Corp.
(TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has received initial
gold assays from its recent diamond drill program underway at the
Table top project near Winnemucca,
Nevada during April, 2010. Results have been received for
only those core intervals comprising the silicified breccia
reported in our news release of April 19,
2010 and represent approximately 48 meters ("m") of core
from four holes which were assayed on a rush basis. Results
included drill hole MT 1 which returned 0.823 grams per tonne
("g/t") gold over 4.6 meters, including 1.5 meters of 1.435 g/t
gold. Other significant results include 24.4 m of 0.473 g/t Au in
hole MT 2, which includes 9.1 meters of 0.703 g/t Au. The remainder
of the mineralized core from these holes is being submitted for
assay, with further results expected in early May. Drilling is
continuing.
A total of 14 diamond drill holes totaling approximately 600
meters have been completed and three trenches were dug and sampled
near the original drill hole reported by Gold Fields Mining Company
that contained 50 feet of 0.027 opt Au. The holes were drilled to
be perpendicular to the strike of the mineralized zone and cross
mineralization which is hosted in a silicified tectonic breccia. A
fan of holes were drilled to intersect the mineralized zone at
three different intervals down the dip of the mineralized
structure. The zone is being explored to the southwest and to the
northeast along a distance of 233 meters, with clay and silica
altered rock intersected in each of the drill holes, and is still
open in both directions.
In addition, drilling intersected highly altered igneous rocks
which have been examined by five senior geologists, all of whom
have worked in Nevada on
Carlin type deposits for no less
than 20 years each. They all agree these dikes are likely highly
altered lamprophyres commonly found in Carlin style gold deposits in northern
Nevada. Lamprophyres are thought
to originate from deep crustal or upper mantle regions and extend
to the surface along crustal scale structures, which are identified
as feeder systems for Carlin gold
systems at depth. MAX intends to test this theory during a Phase 2
drill program later this year that will be designed to test these
deep targets.
The significant gold assays are listed below:
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Hole Angle From (m) To (m) Width (m) Gold (g/t)
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MT 1 -45 degrees 9.1 13.7 4.6 0.823
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Including 9.1 10.7 1.6 1.436
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MT 2 -60 degrees 12.2 36.6 24.4 0.473
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Including 27.4 36.6 9.1 0.703
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MT 4 -45 degrees 15.2 19.8 4.6 0.631
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Including 16.8 18.3 1.5 0.858
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MT 5 -75 degrees 18.3 25.9 7.6 0.476
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Including 24.4 25.9 1.5 0.794
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Analysis was performed by Inspectorate America Corp, an ISO
certified facility in Sparks,
Nevada., using fire assay and multi-element (ICP-ES)
techniques. Standards and blanks were used for quality control of
the samples. A map showing the location of the trenches and drill
holes completed at Table Top is being constructed and will be
available soon on our web site at www.maxresource.com.
Mr. Clancy Wendt, VP Exploration
for MAX states "We are extremely pleased with our initial
exploration results at Table Top. Not only have we intercepted
mineralization reported by prior operators but we have also
extended the known area of mineralization and determined that it is
trending to the southwest, northeast, down dip and is still open.
We have not yet determined the full extent of the gold
mineralization at Table Top and have only begun to understand the
system. We are still developing geologic concepts as to the origin
of the mineralization and potential for expanding the known
mineralized system, especially given the discovery of lamprophyre
dikes."
The Table Top gold project consists of approximately 157 claims
totaling 3,142 hectares located near the town of Winnemucca in Humboldt County, Nevada and is only one half
hour by gravel road north of town.
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 to be 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. Further, this news release contains
information about adjacent properties on which the Company has no
right to explore or mine. Readers are cautioned that the United
States Securities and Exchange Commission's mining guidelines
prohibit information of this type in documents filed with the SEC
and that mineral deposits on adjacent properties are not indicative
of mineral deposits on the Company's properties.
SOURCE MAX Resource Corp.
