MAX RESOURCE CORP.
Suite 1400 � 400 Burrard Street
Vancouver, B.C.
V6C 3G2
Tel: (604) 643-1719
Fax: (604) 643-1789
July 22, 2008 TSX-V Symbol: MXR OTC BB Symbol: MXROF
Frankfurt: M1D
NEWS RELEASE
Drilling begins at Howell Gold project in British Columbia
MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) is pleased to announce that drilling has begun on the Howell gold project located in south-eastern British Columbia.
The Howell Gold Project is comprised of 4,376 hectares located one hour by gravel road south of the town of Sparwood, straddling the drainages of Twenty-Nine Mile Creek and Howell Creek.
At Howell Creek, gold mineralization occurs disseminated in limestone and with quartz stockworks in syenite intrusives and Proterozoic sediments. Prior drilling has 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. A diamond drill hole from 2006, collared to the west of the surface expression of the important Palaeozoic limestone, penetrated a near surface fault and intersected 43 metres of limestone grading 0.42 g/t gold to the bottom of the hole at 66 metres. The last sample in this hole graded 0.44 g/t gold indicating a need to drill deeper and test the target along strike; the first hole of the current program will deepen this hole to approximately 200 metres.
An important additional target which will be tested in the current program is Carbonate Replacement Deposit (�CRD�) style mineralization in the general vicinity of hole HRC-15 (located 1,100metres to the west of the first hole of the current program), drilled by Placer Dome Inc. in 1988, which intersected 7.6 metres grading 51.5 g/t silver, 1.98% lead, 1.87% zinc, and 0.32 g/t gold.
MAX plans to drill a minimum of 1,000 meters at Howell, which is one of two exploration projects in British Columbia recently optioned from Eastfield Resources Ltd. (TSX.V:ETF) as announced in our news release of June 9, 2008.
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.
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 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.
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Max Resources Corp.
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EXPLORATEUR |
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CODE : MXR.V |
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ISIN : CA57772U1093 |
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Max Resources est une société d’exploration minière d'or et d'argent basée au Canada. Max Resources détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont CROWSNEST, HOWELL, EAST MANHATTAN, MAJUBA HILL (NEVADA), INDATA, TABLE TOP, DIAMOND PEAK PROPERTY, RAVIN, C DE BACA PROJECT, MACINNIS LAKE PROJECT et GOLD HILL - MAX au Canada. Max Resources est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 11,0 millions CA$ (8,8 millions US$, 8,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 01 avril 2011 à 2,65 CA$, et son plus bas niveau récent le 18 octobre 2019 à 0,02 CA$. Max Resources possède 15 650 000 actions en circulation. |