Max Resources Corp.

Published : February 05th, 2014

Resource to Drill at Majuba Hill, Nevada, Ridge of High Grade Silver, Copper Tested

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February 5, 2014 TSX-V: MXR

 

MAX to drill test ridge of high grade copper and silver mineralization sampled at Majuba Hill, Nevada; outcrop samples returned grades of up to 7.72% Cu (MHR-25) and 174 g/t Ag (MHR-145).


MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has identified and mapped a ridge of high grade copper/silver mineralization at Majuba Hill that will be drill tested as soon as weather permits.  This high grade mineralization sampled at surface and in a short adit has been intersected at depth by MAX during drilling in 2012 (hole MM-21) and Minefinders in 1975 (MF-1) and was identified during review of sampling results recorded by a prior operator, Minterra Resources, in 2007 and never reported in their entirety.  

 

MAX has now mapped the high grade samples and they highlight a zone 250 meters across that outcrops on Majuba Ridge.  The samples highlighted on this map include:

 

Sample Number                       Cu                    Ag

 

MHR-160                    2.9%                32 g/t

 

MHR-157                    3.0%                38 g/t

 

MHR-158                    4.07%              32 g/t

 

MHR-159                    2.95%              29 g/t

 

MHR-25                      7.72%             90 g/t

 

MHR-26                      2.16%              53 g/t

 

MHR-145                    4.16%             174 g/t

 

MHR-27                      1.42%              19.6 g/t

 

The location of these samples is provided on a map available on our web site at www.maxresource.com.

 

MAX�s drill hole MM-21 is located approximately 250 m southeast of the middle portal of the past producing Majuba Hill mine, where MAX drilling in 2011 high grade copper/silver supergene oxide mineralization over long intervals.  Hole MM-21 was drilled at -45 and an azimuth of 068 and intercepted 332 m @ 12 g/t Ag and 0.13% Cu beginning at 12 m from surface and appears to have intersected the surface mineralization identified above at depth.   

 

According to data obtained by MAX, Minefinders Exploration drilled hole MF-1 a further 250 meters to the southeast of hole MM-21 at an azimuth of 288 and a -54 angle to a total depth of 707 meters.  This information was obtained from a reliable source but readers are cautioned that this information predates NI 43-101 and may not be NI 43-101 compliant; it is provided for information purposes only and should not be relied upon.  No qualified person has verified the information on behalf of MAX.  Hole MF-01 was assayed on 3 meter intervals and contained 155.4 m @ 9.23 g/t Ag and 0.221% Cu starting at a down hole depth of 220 meters.  Minefinders hole MF 2 was drilled at the same location as MAX's hole MM-17 to a depth of 387 m and intercepted 30.5 m @ 0.60% Cu from 85.3 m to 115.8m. It also contained 91.4 m @ 11.2 g/t Ag from 42.7 m to 134.1 m, inclusive of 9.1 m @ 53.0 g/t. These drill results, combined with the results from our hole MM-21, serve to expand the known mineralized silver/copper zone for 500 m to the southeast and to a depth of at least 350 m from surface.   A map showing drilling locations from previous exploration programs at Majuba Hill, as well as the location of MM-21 and MF-1, is available on our web site at www.maxresource.com

 

Twenty nine (29) rock select, chip, and grab samples were taken from outcropping mineralization, historic prospect pits, and an underground adit in this area of Majuba Ridge.  Values obtained ranged from 80 ppm Cu and 2.65 ppm Ag to 7.72% Cu and 174 ppm Ag.  This sampling was completed in 2007 by Buster Hunsaker, P.Geo, who is a "qualified person" as that term is defined under National Instrument 43-101 and has reviewed the technical information in this news release. 

 

Majuba Hill is the site of numerous past producing mines, with historic production reported of 12% Cu (Mason Valley Copper, 1918) and silver grades up to 40 oz/t Ag.  Majuba Hill encompasses 2,568 acres of surface and mineral rights that includes patented lode mining claims.   The property is easily accessed via 23 miles of well-maintained dirt roads leading from U.S. Interstate 80, and lies 30 miles northwest of Coeur Mining�s Rochester silver mine, which contains a NI 43-101 compliant Measured and Indicated Resource of 263.9 million tons grading 0.46 oz/ton Ag and 0.004 oz/ton Au.  (The Coeur Technical Report on the Rochester Mine is available on SEDAR).  For more detailed information on the Majuba Hill copper/silver project, including maps showing the results of soil sampling and the drilling completed to date, please visit our web site at www.maxresource.com.


Contacts: Leonard MacMillan, Corporate Communication

info@maxresource.com     

 

Phone: 604-637-2140         Toll Free: 1-866-331-5088

or

 

Paradox Public Relations
info@paradox-pr.ca

Phone: 514-341-0408         Toll Free: 1-866-460-0408



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.



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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.
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
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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