Max Resources Corp.

Published : July 27th, 2009

options Crowsnest Gold Property; drilling planned for fall at Crowsnest and Howell gold projects in

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  

Contact Us

Monday, July 27, 2009 TSX-V: MXR

MAX options Crowsnest Gold Property; drilling planned for fall at Crowsnest and Howell gold projects in Southeastern B.C.

MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) plans to conduct further drilling and exploration at the Howell Gold property in Southeastern British Columbia and has amended the Howell Option Agreement with Eastfield Resources Ltd. (TSX.V:ETF) to include the nearby Crowsnest Gold property.

The Howell Gold project is comprised of 4,376 hectares in Southeast B.C. located one hour by gravel road south of the town of Sparwood, straddling the drainages of Twenty-Nine Mile Creek and Howell Creek. The Crowsnest Gold project consists of fifteen claims totaling 3,142 hectares located approximately 10 km southeast of the Howell property.

At the Howell Gold project, disseminated gold mineralization occurs in limestone and as quartz stockworks in limestone and syenite intrusives. Prior drilling included 1.23 g/t gold over 58 metres, 0.95 g/t gold over 39 metres, 0.65 g/t gold over 82 metres, and 0.57 g/t gold over 149 metres. MAX completed twelve holes totaling 1,312 metres of NQ core at Howell in 2008, with the best intercept being 22 metres of 0.78 g/t gold. In addition, two new soil grids were established in 2008, including a stockwork quartz system in limestone that returned up to 3 grams gold in previous sampling that will be targeted during the planned fall drill program.

Of the 119 samples collected in 2008 on the southeastern grid, which is 1.5 kilometres to the south of the 2008 drill targets, 16 exceeded 100 ppm gold (maximum 714 ppb), 27 exceeded 500 ppm zinc (maximum 9,527 ppm) and 9 exceeded 400 ppm lead (maximum 14,000 ppm). The southeastern grid was established in 2008 to fill in an area to the north of manto style zinc, lead, silver mineralization which was identified during reverse circulation drilling completed by Placer Dome in 1988 (HRC-2 with 7.5 metres grading 2.4% Zn, 0.40% Pb and 15.3 g/t Ag). Reconnaissance prospecting in this area, completed by Eastfield in 1999, sampled a 300 metre northeast trending syenite intrusive that returned a value of 2.75 grams gold from the single sample collected. Review of a subsequent airborne geophysical survey completed in 2004 highlighted this feature. A drill permit application has been filed for this target, which MAX intends to drill in the fall of 2009 in conjunction with drilling that has been permitted at the nearby Crowsnest Gold property.

Gold mineralization at the Crowsnest Gold property occurs in limestone, siltstone or syenite. The property is underlain by a thick sequence of Pennsylvanian and Mississippian carbonate and clastic rocks, of which the Mississippian Rundle Group shows the greatest exposure. Mid-Cretaceous syenite and trachyte intrusions as sills, dykes, plugs and possible diatremes intrude these units. Several grids have already been established, including the "A", "B" and "K" grids, which led to the discovery of significant high grade gold.

Many samples of float and rubble on the "B" Grid have returned extraordinarily high gold analysis. This includes a float sample collected in 1989 by Placer Dome Inc. which is described as an intrusive breccia that returned a gold assay of 524.41 g/t gold = 15.2 ounces per ton. Other high grade float samples have returned assays to 620.0 g/t gold = 18.0 ounces per ton.

One bedrock source of mineralization was discovered in 1996 and trenched by Eastfield in 1999, resulting in a trench intercept of 8.57 g/t gold over 16.5 metres. The 1999 area of focus, referred to as the Discovery Trench Area, has been the centre of most of the exploration activity completed at Crowsnest during exploration conducted in 1999, 2002, 2003 and 2006. The most recent exploration at Crowsnest in 2006 entailed road reconstruction and mechanical trenching, again largely in the Discovery Trench Area. Other areas that have also yielded high grade float samples have had only rudimentary work completed. A review of the database calculates an average gold grade for samples of this float exceeding 1.0 g/t to be 32.656 g/t (based on 36 determinations) with a corresponding copper grade of 0.23% (based on 34 determinations).
In June 2009, MAX conducted a site visit at Crowsnest to review the previous field work and assess the potential of the property. Prior drill sites and trenches were observed and samples taken. One sample of gossan was examined and free gold was found which had never been reported by historic workers. Assay results are pending.

Exploration activity planned for 2009 at Crowsnest will continue to explore the discovery trench with close spaced drill holes to find the extent of the high grade mineralization and to define the direction and extent of the mineralized structure. There are also other areas where gossan mineralization has been found and these will also be tested.

MAX and Eastfield have agreed to amend the prior Howell agreement to allow MAX to earn a 60% interest in either the Howell or the Crowsnest projects over a four year period by making cash payments totaling $60,000 to Eastfield (of which $10,000 was paid on signing), issuing 100,000 shares (50,000 shares in the first year) and by completing aggregate exploration expenditures on both properties of $400,000 by the second anniversary date (June 30, 2011). Following that date, MAX can earn its 60% interest in Howell by making further cash payments totaling $90,000, issuing 400,000 shares and spending a further $700,001 on exploration prior to June 30, 2013. MAX will also be responsible for its portion of the $200,000 payment due to Goldcorp Inc. and Teck Cominco Metals Limited by August 31, 2010 pursuant to Eastfield's underlying option agreement with them. To earn its 60% interest in Crowsnest, MAX must make further cash payments to Eastfield of $90,000, issue 400,000 shares and spend a further $1,050,000 on exploration at Crowsnest prior to June 30, 2013.

MAX has reviewed the results of its 2008 drill program at Eastfield's Indata gold project in North Central B.C. and has determined not to proceed with the option on this property.

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 projects in the south western U.S. and northern Canada, and Molybdenum in Alaska and Nevada. For more information, please visit our web site at

On behalf of the Board of Directors of
MAX Resource Corp.


Stuart Rogers

Contact: Leonard MacMillan, Corporate Communication

Telephone: (866) 331-5088 or (604) 637-2140

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:


Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Max Resources Corp.

ISIN : CA57772U1093
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

Max Resources is a gold and silver exploration company based in Canada.

Max Resources holds various exploration projects 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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
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.
2/5/2014Resource 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...
3/27/2013RESOURCE | 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
2/23/2015MAX Announces Effective Date for Share Consolidation
11/14/2014MAX Relinquishes Majuba Hill Project
11/4/2014MAX Reports on Assays From East Manhattan Wash Gold Project,...
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
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 $7,100,000
4/10/2007Acquires Nustar Uranium Project, Arizona
3/8/2007 Receives Drill Permit for C De Baca Uranium Project in Mexi...
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
CA$ 0.700
04/06 10:30 0.010
Prev close Open
0.690 0.700
Low High
0.640 0.710
Year l/h YTD var.
0.220 -  0.700 191.67%
52 week l/h 52 week var.
0.140 -  0.700 337.50%
Volume 1 month var.
909,912 -%
24hGold TrendPower© : -24
Explores for Copper - Gold - Molybdenum - Silver - Tin - Tungsten - Uranium - Zinc
Interactive chart Add to compare
Print Compare Export
Last updated on : 11/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
announces expected non-cash impairment
AU$ 7.46+5.59%Trend Power :
Oceana Gold(Au)OGC.AX
AU$ 2.30+0.88%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
US$ 3.10-2.52%Trend Power :
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
Reduced Funding Requirement
GBX 0.58-1.03%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.14-6.90%Trend Power :
Closes Bridge Loan Financing
CA$ 2.65-1.85%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 7.09+0.42%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24-3.92%Trend Power :
Q A April 2017 Quarterly Report
AU$ 0.36+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.91+2.69%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 67.92+5.89%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
2nd Quarter Report
AU$ 0.04+6.06%Trend Power :