| | Published : August 31st, 2009 | acquires Table Top gold project in Nevada; permitting underway for fall drill program |
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Monday, August 31, 2009 |
TSX-V: MXR |
MAX acquires Table Top gold project in Nevada; permitting underway for fall drill program MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has entered into an Option Agreement to acquire a 100 % interest in the Table Top claims in Humboldt County, Nevada from Energex LLC, a private Nevada corporation. The property consists of 32 claims (640 acres) located 10 miles northwest of the town of Winnemucca, Nevada.
The Table Top area is on trend with AMAX's Sleeper Canyon Mine (2.5 MM oz Au produced), located 25 miles to the north, and is geologically favourable for the discovery of a medium-sized high grade, bonanza style gold deposit in a near surface environment.
During the 1980's Gold Fields, Meridian Minerals and Santa Fe Mining conducted exploration on and around the Table Top property. A limited exploration program of only ten reverse circulation drill holes was conducted to test anomalous, up to 100,000 ppb, gold values in jasperoid. Trenches containing gold values up to 4 grams over 5 meters were tested by the first drill hole, which contained 55 feet of 0.027 opt Au from the surface down. This hole was drilled vertically in a breccia zone. The remaining nine drill holes contained little of significance except around the original drill hole. A follow up analysis showed that the exploration was centered in the wrong direction and that the holes should have been drilled to the south instead of to the north. MAX intends to test this theory during drilling to be conducted in the fall of 2009, subject to receipt of the necessary permits.
Table Top is located in the Triassic rocks of the Raspberry formation which can be split into two general types: a northwestern belt of sandstone, siltstone, and slate, locally calcareous but devoid of limestone; and a southeastern belt of calcareous sandstone, siltstone and slate with prominent massive limestone beds 5 to 100 feet thick. Bedding in these units trend northeast with steep dips to the southeast.
The mineralization in the Raspberry formation is generally in the form of silicification in veinlets and small pods in the limestone but in a few areas there is massive replacement of the limestone by silica. The silica, where sampled, usually contains gold with values as high as 15.5 ppm. Stibnite or stibnite casts can be found in the silica.
The terms of the Option Agreement with Energex are as follows:
Date Payment Amount
Upon execution of this Agreement $5,000 (U.S.)
First anniversary of Agreement $25,000 (U.S.)
Second anniversary of Agreement $35,000 (U.S.)
Each anniversary thereafter $50,000 (U.S.)
The Table Top Property is subject to a 3% NSR royalty. Upon full exercise of the Option, the Company will own 100% of the project.
Energex, LLC is wholly-owned by Clancy J. Wendt, the Vice President of Exploration for MAX. This agreement is subject to acceptance for filing by the TSX Venture Exchange.
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. The historic information provided is for reference only and the reader should not infer or assert that the information is correct, reliable or accurate. About MAX Resource Corp.
MAX Resource Corp. is a Canadian based exploration company with a diversified portfolio of mineral exploration projects in Canada and the Western United States. Our properties include Gold in Alaska, Nevada and British Columbia, Uranium in the south western U.S. and northern Canada, and Molybdenum in Alaska and Nevada. 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.
You can also view this News Release on our website at: http://www.maxresource.com/s/NewsReleases.asp?ReportID=361607 | |
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Max Resources Corp.
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EXPLORATION STAGE |
CODE : MXR.V |
ISIN : CA57772U1093 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Max Resources is a gold and silver exploration company based in Canada. Max Resources holds various exploration projects in Canada. Its main exploration properties are CROWSNEST, HOWELL, EAST MANHATTAN, MAJUBA HILL (NEVADA), INDATA, TABLE TOP, DIAMOND PEAK PROPERTY, RAVIN, C DE BACA PROJECT, MACINNIS LAKE PROJECT and GOLD HILL - MAX in Canada. Max Resources is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 11.0 millions as of today (US$ 8.8 millions, € 8.0 millions). Its stock quote reached its highest recent level on April 01, 2011 at CA$ 2.65, and its lowest recent point on October 18, 2019 at CA$ 0.02. Max Resources has 15 650 000 shares outstanding. |
Annual reports of Max Resources Corp. |
Financings of Max Resources Corp. |
Nominations of Max Resources Corp. |
Project news of Max Resources Corp. |
2/5/2014 | Resource to Drill at Majuba Hill, Nevada, Ridge of High Grad... |
8/27/2013 | (East Manhattan)Returns 1.5 g/t Au and 0.87 g/t Au From Bulk Samples at East... |
3/27/2013 | RESOURCE | 2013 | Website Update |
10/2/2012 | step-out drilling extends silver, copper mineralized oxide z... |
9/11/2012 | drills 4.6 m @ 58.0 g/t Silver and 7.6 m @ 0.80% copper, Maj... |
8/30/2012 | Resource Response to Request/Email Updates |
6/14/2012 | completes eight drill holes at Majuba Hill silver/copper/gol... |
5/3/2012 | begins Phase III drill program at Majuba Hill copper/silver/... |
4/26/2012 | Acquires Additional Acreage in Nevada, Drilling to Resume |
4/3/2012 | Phase III High-Grade Silver/Copper/Gold drill program in Nev... |
3/7/2012 | Resource Outlook 2012 and Beyond!! New Power Point |
2/7/2012 | Drills 29.2 m of 30.5 g/t Ag and 0.69% Cu at DeSoto discover... |
1/20/2012 | Resource Invitation Reminder, Booth #1521 |
12/14/2011 | completes Phase II drill program Majuba Hill copper/silver p... |
10/26/2011 | Resource Retains Strategic Investor Relations Services |
10/25/2011 | drills 44.2 m of 71.0 g/t (2.28 oz/t) Silver and 1.14% Coppe... |
10/13/2011 | (Majuba Hill (nevada))drills 13.7 m of 30 g/t (0.96 oz/t) silver and 0.47% copper ... |
8/8/2011 | completes soil sampling and additional drilling at Majuba Hi... |
3/30/2011 | (Majuba Hill (nevada))begins exploration at historic Majuba Hill Copper/Gold/Silve... |
3/17/2011 | (Table Top)resumes drilling at Table Top gold project in Nevada, immedi... |
2/17/2011 | (Table Top)to resume drilling at Table Top gold project in Nevada, imme... |
11/24/2009 | (Crowsnest)drills 19.03 g/t gold over 6.1 meters at Crowsnest; includes... |
8/31/2009 | acquires Table Top gold project in Nevada; permitting underw... |
8/10/2009 | (Howell)samples > 100g/t Gold, 105 ppm Tellurium at Crowsnest Gold p... |
7/27/2009 | (Howell)options Crowsnest Gold Property; drilling planned for fall a... |
3/10/2009 | (East Manhattan)recovers 4.9 grams/ton gold and 1.2 grams/ton silver from bu... |
1/7/2009 | (Indata)intercepts 8.20 g/t Gold over 0.3 m, 209.0 g/t Silver over 0... |
11/21/2008 | (Howell)intersects 22 metres of 0.78 g/t gold at Howell |
8/18/2008 | (Howell)Reports an Open Pit Gold Reserve of 150,000 Ounces of Gold ... |
7/22/2008 | (Howell)Drilling begins at Howell Gold project in British Columbia |
7/14/2008 | (Ravin)Drilling begins at Ravin Molybdenum/Tungsten Property in Nev... |
6/17/2008 | (Gold Hill - Max)MAX Begins Drilling at Gold Hill site |
8/29/2007 | (Gold Hill - Max)Reports Positive Molybdenum Results, Gold Hill Project, Alas... |
7/31/2007 | (Gold Hill - Max)Begins 6000 Foot Molybdenum Drill Program in Alaska |
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Corporate news of Max Resources Corp. |
10/15/2015 | MAX closes final tranche of Private Placement for $$67,750 |
9/18/2015 | MAX arranges Private Placement for $250,000 |
3/23/2015 | Max Announces Effective Date For Share Consolidation |
3/23/2015 | MAX to voluntarily terminate its share registration in U.S. |
3/23/2015 | MAX Completes Share Consolidation |
3/13/2015 | MAX to Voluntarily Terminate Its Share Registration in U.S. |
2/24/2015 | MAX Completes Share Consolidation |
2/23/2015 | MAX Announces Effective Date for Share Consolidation |
11/14/2014 | MAX Relinquishes Majuba Hill Project |
11/4/2014 | MAX Reports on Assays From East Manhattan Wash Gold Project,... |
9/12/2014 | MAX Receives Assay Results From Drilling at East Manhattan W... |
7/21/2014 | MAX Commences Drilling at East Manhattan Wash Gold Project, ... |
6/25/2014 | MAX Drills 222.6 m @ 0.27% Cu and 10.1 g/t Ag, Inclusive of ... |
6/12/2014 | MAX Receives Drill Permit for East Manhattan Wash Gold Proje... |
5/20/2014 | MAX Commences Drilling at Majuba Hill Copper/Silver Project ... |
3/15/2012 | drills 293 m of silver, gold and copper at Majuba Hill, Neva... |
10/5/2011 | Clancy Wendt, P. Geo, VP Exploration of MAX Resource Corp., ... |
5/31/2011 | (Table Top)drills 9.6 metres of 1.04 g/t Au at Table Top in Nevada, ext... |
10/15/2009 | Crowsnest Gold New Trench Assay's and Drilling Completed |
8/31/2009 | Acquires Gold Property in Nevada |
6/16/2008 | engages Gateway Securities for corporate finance services |
6/9/2008 | OPTIONS TWO PROPERTIES IN BRITISH COLUMBIA |
12/4/2007 | acquires Gold/Silver Property in Manhattan Mining District,... |
10/22/2007 | Completes Airborne Survey, MacInnes Lake Uranium Project, NW... |
10/18/2007 | Reports 1,000 Feet of 0.058% MoS2, Gold Hill Molybdenum Proj... |
10/11/2007 | Reports First Hole Results of 965 Feet of 0.048% MoS2, Gold... |
9/10/2007 | Acquires Ravin Molybdenum-Tungsten Project, Nevada, USA |
6/5/2007 | Raises $8.45 Million for Uranium & Molybdenum Projects in US... |
4/20/2007 | to Raise $7,100,000 |
4/10/2007 | Acquires Nustar Uranium Project, Arizona |
3/8/2007 | Receives Drill Permit for C De Baca Uranium Project in Mexi... |
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