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MAX
drills 19.03 g/t gold over 6.1 meters at Crowsnest; includes 50.26 g/t gold
over 1.5 meters
MAX Resource Corp. (TSX.V: MXR;
OTCBB: MXROF; Frankfurt: M1D) has received significant gold assays from
its recent reverse circulation drill program completed at the Crowsnest
project in Southeastern B.C. in October, 2009. Results included hole RC 09-7
which returned 19.03 grams per tonne (g/t) gold over 6.1 meters, including
1.5 meters of 50.26 g/t gold.
A total of 26 reverse circulation
drill holes totaling 799 meters were completed and two new trenches were dug,
sampled and drilled to the west of the original Discovery Trench area (where
MAX sampled gossan mineralization in June that returned an assay of 104
g/t Au) extending the known mineralized zone by 100 meters.Significant
gold assays (over 2 g/t Au) returned from the drill program are listed below:
|
Hole
|
Angle
|
From
(m)
|
To
(m)
|
Width
(m)
|
Gold
g/t
|
|
RC
09-2
|
-60
degrees
|
0
|
3.0
|
3.0
|
3.52
|
|
Including
|
0
|
1.5
|
1.5
|
6.67
|
|
|
RC
09-5
|
vertical
|
0
|
3.0
|
3.0
|
3.55
|
|
Including
|
1.5
|
3.0
|
1.5
|
6.40
|
|
|
RC
09-6
|
-60
degrees
|
0
|
6.5
|
6.5
|
6.34
|
|
Including
|
1.5
|
3.0
|
1.5
|
16.52
|
|
|
RC
09-7
|
vertical
|
0
|
6.1
|
6.1
|
19.03
|
|
Including
|
0
|
1.5
|
1.5
|
50.26
|
|
|
Including
|
1.5
|
3.0
|
1.5
|
23.60
|
|
|
RC
09-9
|
vertical
|
0
|
1.5
|
1.5
|
2.49
|
|
RC
09-14
|
vertical
|
0
|
1.5
|
1.5
|
2.07
|
|
RC
09-16
|
vertical
|
0
|
3.0
|
3.0
|
5.42
|
|
Including
|
0
|
1.5
|
1.5
|
6.65
|
|
|
RC
09-21
|
-60
degrees
|
16.8
|
18.3
|
1.5
|
3.42
|
|
RC
09-25
|
vertical
|
0
|
3.0
|
3.0
|
2.51
|
|
Including
|
1.5
|
3.0
|
1.5
|
3.14
|
|
A further six drill holes returned
values ranging from 0.5 g/t to 1.86 g/t Au over minimum 1.5 meter
intervals.In addition, drill hole RC 09-21 (listed above) intersected a
deeper zone grading 3.42 g/t Au further to the south that might indicate a
new area for exploration.
Analysis was performed by Acme
Analytical Laboratories, an ISO certified facility in Vancouver, B.C., using
fire assay and multi-element (ICP-ES) techniques.Standards and duplicates
were used for quality control of the samples.In addition, a full Metallic
Screen assay has been ordered on all samples to make sure that any coarse
gold was not missed during the assay process. These results are expected to
be available in early December. A map showing the location of the trenches
and drill holes completed at Crowsnest is now available on our web site at www.maxresource.com.
Mr. Clancy Wendt, VP Exploration
for MAX states ?We are extremely pleased with our initial exploration results
at Crowsnest.Not only have we intercepted high grade gold at Crowsnest but we
have also extended the known area of high grade mineralization and determined
that it is trending to the north, northwest and possibly tothe east and is
still open. In addition other mineralized areas of the property were
identified and sampled during drilling. An area located due south of the
Discovery Trench, along the access road, was sampled as the exposure in the
side of the hill above the road (limestones overlying carbon rich zones and
gossan) looked very similar to the Discovery Trench and Trench 3. Based on
these exposures, there appears to be a relationship between the zone of
limestone directly above a carbonaceous clay zone and then followed by
limonitic/hematite gossan.This makes the zone along the access road extension
one of the first exploration priorities for 2010. There are many other areas
at Crowsnest where significant gold values were reported by prior operators
that have never been followed up; these will be examined during the 2010
exploration program.We have not yet determined the full extent of the gold
mineralization at Crowsnest. ?
The Crowsnest gold project
consists of 15 claims totaling 3,142 hectares located in Southeast B.C., one
and one half hours by gravel road south of the town of Fernie. Crowsnest
is one of two gold exploration properties in B.C. optioned from Eastfield
Resources, as announced in our news release of July 27, 2009.
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.
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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