Max Resources Corp.

Published : January 07th, 2009

intercepts 8.20 g/t Gold over 0.3 m, 209.0 g/t Silver over 0.5 m at Indata

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Keywords :   Antimony | Bismuth |

 
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Wednesday, January 07, 2009 TSX-V: MXR

MAX intercepts 8.20 g/t Gold over 0.3 m, 209.0 g/t Silver over 0.5 m at Indata

MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has received the assays from five Diamond drill holes (1,035 metres) completed in October on the Indata Property in northern B.C., located 120 kilometres north of the town of Fort St. James.

There are two exploration targets on the Indata property, a porphyry copper target and a structurally controlled precious metal vein target. The 2008 exploration program consisted of one drill hole (08-I-01) in the porphyry copper target and four holes (08-1-02 to 08-I-05) in the precious metal vein target.

The precious metal target was tested over a distance of 1,500 metres following the uphill trace of a soil arsenic anomaly believed to define a structural feature which has previously returned a number of gold-silver intercepts, including a 4.0 metre intercept grading 46.20 g/t gold (arsenic, antimony and bismuth have historically accompanied gold mineralization) from a 1988 drill program by Imperial Metals Corp. A number of core samples from the recent drilling returned values exceeding 10,000 parts per million arsenic with correspondingly high values in antimony and bismuth along with a number of narrow gold and/or silver intercepts. Significant results are summarized as follows:

Hole

From

To

Metres

Copper
%

Gold
g/t

Silver
g/t

08-I-01

18.3

181.7

163.4

0.14

-

-

including

123.0

150.0

27.0

0.27

-

-

08-I-02

76.5

76.8

0.3

0.18

8.20

4.4

08-I-03

36.7

38.3

1.6

0.14

0.42

79.9

including

37.2

37.7

0.5

0.13

0.40

209.0


Mineralization being targeted at Indata is modeled after the prolific Motherlode deposits in California, where cumulative production has exceeded in excess of 100 million ounces of gold. A key assumption to the model is the similarity of the Pinchi Fault in the Indata region of central B.C. to the Melones Fault in the Motherlode region of California. New exposures of precious metal mineralization, located 800 to 2000 metres further to the north, were made in 2007 when excavator trenches exposed narrow veins which returned samples including 17.16 g/t gold and 9.84 g/t gold respectively. The 2007 vein material was again found to be highly anomalous in arsenic, bismuth, antimony, mercury, selenium and tellurium, providing a signature for gold mineralization of this type. This area was not tested in the current program and a robust soil anomaly also discovered in 2007 remains to be tested as well.

MAX is currently reviewing the 2007 exploration data along with data from the 1988/89 Placer Dome funded exploration program with a view to better understanding the mineralized system at Indata. Clancy Wendt, P.Geo., VP Exploration for MAX states, "We are pleased that we have confirmed high grade values from historic exploration in drill hole 08-01-02 and will be modelling the work done in the eighties and nineties to better define the structurally controlled target. Examination of the 2007 exploration trenches will also help to understand the system and to locate drill targets for consideration during the 2009 exploration season".

Analysis was performed by Acme Analytical Laboratories, a certified facility in Vancouver, B.C., using multi-element (ICP-ES) techniques. Bruce Laird, P.Geo. of Mincord Exploration Consultants Ltd. supervised the 2008 drilling program and sampling protocol. 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.

Indata is one of two exploration projects in British Columbia optioned earlier this year from Eastfield Resources Ltd. (TSX.V:ETF), as announced in our news release of June 9, 2008.

About MAX Resource Corp.

MAX Resource Corp. is a well-financed Canadian based exploration company with a diversified portfolio of mineral exploration projects in Canada and the Western United States. Our properties include Uranium projects in the south western U.S. and northern Canada, Molybdenum in Alaska and Nevada, and Gold in Nevada and British Columbia.

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

Contact:
Leonard MacMillan, Corporate Communication

Telephone: (800) 248-1872 or (604) 637-2140

info@maxresource.com
www.maxresource.com

The TSX Venture Exchange does not accept 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=333385
 

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Max Resources Corp.

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CODE : MXR.V
ISIN : CA57772U1093
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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, € 7.7 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.

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Annual reports of Max Resources Corp.
2008 Annual Report
Financings of Max Resources Corp.
2/13/2014Arranges $300,000 private placement
Nominations of Max Resources Corp.
2/23/2012appoints Ian Smith, F.AusIMM, as Director
Project news of Max Resources Corp.
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3/27/2013RESOURCE | 2013 | Website Update
10/2/2012step-out drilling extends silver, copper mineralized oxide z...
9/11/2012drills 4.6 m @ 58.0 g/t Silver and 7.6 m @ 0.80% copper, Maj...
8/30/2012Resource Response to Request/Email Updates
6/14/2012completes eight drill holes at Majuba Hill silver/copper/gol...
5/3/2012begins Phase III drill program at Majuba Hill copper/silver/...
4/26/2012Acquires Additional Acreage in Nevada, Drilling to Resume
4/3/2012Phase III High-Grade Silver/Copper/Gold drill program in Nev...
3/7/2012Resource Outlook 2012 and Beyond!! New Power Point
2/7/2012Drills 29.2 m of 30.5 g/t Ag and 0.69% Cu at DeSoto discover...
1/20/2012Resource Invitation Reminder, Booth #1521
12/14/2011completes Phase II drill program Majuba Hill copper/silver p...
10/26/2011Resource Retains Strategic Investor Relations Services
10/25/2011drills 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 ...
8/8/2011completes 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...
8/31/2009acquires 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
Corporate news of Max Resources Corp.
10/15/2015MAX closes final tranche of Private Placement for $$67,750
9/18/2015MAX arranges Private Placement for $250,000
3/23/2015Max Announces Effective Date For Share Consolidation
3/23/2015MAX to voluntarily terminate its share registration in U.S.
3/23/2015MAX Completes Share Consolidation
3/13/2015MAX to Voluntarily Terminate Its Share Registration in U.S.
2/24/2015MAX Completes Share Consolidation
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11/14/2014MAX Relinquishes Majuba Hill Project
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9/12/2014MAX Receives Assay Results From Drilling at East Manhattan W...
7/21/2014MAX Commences Drilling at East Manhattan Wash Gold Project, ...
6/25/2014MAX Drills 222.6 m @ 0.27% Cu and 10.1 g/t Ag, Inclusive of ...
6/12/2014MAX Receives Drill Permit for East Manhattan Wash Gold Proje...
5/20/2014MAX Commences Drilling at Majuba Hill Copper/Silver Project ...
3/15/2012drills 293 m of silver, gold and copper at Majuba Hill, Neva...
10/5/2011Clancy 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...
10/15/2009Crowsnest Gold New Trench Assay's and Drilling Completed
8/31/2009Acquires Gold Property in Nevada
6/16/2008engages Gateway Securities for corporate finance services
6/9/2008OPTIONS TWO PROPERTIES IN BRITISH COLUMBIA
12/4/2007 acquires Gold/Silver Property in Manhattan Mining District,...
10/22/2007Completes Airborne Survey, MacInnes Lake Uranium Project, NW...
10/18/2007Reports 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...
9/10/2007Acquires Ravin Molybdenum-Tungsten Project, Nevada, USA
6/5/2007Raises $8.45 Million for Uranium & Molybdenum Projects in US...
4/20/2007to Raise $7,100,000
4/10/2007Acquires Nustar Uranium Project, Arizona
3/8/2007 Receives Drill Permit for C De Baca Uranium Project in Mexi...
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