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MAX Resource Corp. (TSXV: MXR) (OTCBB:MXROF.ob
- News) (Frankfurt:M1D.f - News) has resumed core drilling at its wholly owned
Table Top gold project in Humboldt County, Nevada. Table Top is located 10
miles west of the town of Winnemucca and is immediately south of the Sandman
gold project, one of the Nevada properties included in the recent proposal by
Newmont Mining Corp. to acquire Fronteer Gold Inc.
Drilling by MAX in 2010 intersected significant gold
mineralization hosted in sedimentary rocks similar to typical Carlin
mineralization and confirmed that the mineralization not only extends to
depth, but also increases in width and grade. Results included an intercept
of 12.1 m of 0.91 g/t gold, inclusive of 9.1 m of 1.09 g/t Au, starting at a
depth of 227 m. This zone will be tested along strike to the east and the
west, and will include a deep drill hole to test the extension of the zone in
search of higher grade gold within the sedimentary (stibnite and calcite
bearing carbonate rocks) package.
On the west side of the system, rock samples from outcrop, identified
as "Jasperiod" by previous workers,
returned gold values of up to 1100 ppb Au. The down dip extension of these
assays will be tested during the current campaign.
MAX's Table Top property is immediately south of Sandman on the King
River Rift, a regional geologic feature that appears to control
mineralization in the area and which hosts multiple high-grade gold systems
along this gold trend, including AMAX's Sleeper Canyon Mine (2.5 Moz Au produced), located 25 miles to the north, and the Goldbanks gold occurrence located 37 miles to the south.
A map of the King River Rift can be viewed on our web site at www.maxresource.com.
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. Any 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 precious metals, with four gold and/or
silver properties in Nevada to be explored in 2011. 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.
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