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MAX Returns 1.5 g/t Au and 0.87 g/t Au From Bulk Samples at East Manhattan Wash, Nevada; Drill Permits Expected This Fall
Published : August 27, 2013
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 27, 2013) - MAX Resource Corp. (News - Market indicators)(OTCBB:MXROF)(FRANKFURT:M1D) has received assay results from additional bulk sampling completed at the East Manhattan Wash ("EMW") gold project in Nevada. This bulk sampling was undertaken to prepare for drilling planned for this fall by following up on sampling conducted in 2009 that recovered 4.9 g/t Au and 1.2 g/t Ag from a 793 pound sample taken at surface within a gold mineralized soil anomaly exposed over a surface area in excess of 1,650 m by 450 m feet in size. Just north of this area, the very small streams all contain free gold that can be recovered by conventional gold panning techniques. Mineralization appears to be free gold in a volcanic lithic welded tuff. During the current program, two 10 kg samples were taken, one from the same area as the 2009 bulk sample and the second from an area approximately 150 meters to the east. The first 10 kg sample returned 1.5 g/t au and the second sample returned 0.87 g/t Au.  

MAX has been advised by the U.S. Forest Service that its drill permit application filed in 2011 should be approved this fall, following which we plan to undertake a 12 hole core drilling program to determine the overall depth and grade of the gold mineralization in the volcanic tuff at EMW. 

Clancy Wendt, VP Exploration of MAX, states, "We have now defined a significant area of gold mineralization that we believe has the potential for a large mineralized system. More important is the fact that the mineralization appears to be free gold within the volcanic tuff which would allow a concentrate to be made on site through crushing and gravity separation, with final processing at toll mills off site. With a large mineralized area now defined at surface, we are anxious to finally be able to drill to determine the overall depth of the mineralization, extend the known mineralization below cover, and determine the overall grade."

Following up the results of the initial bulk sample in 2009, MAX completed three large volume soil sampling grids in May of 2009 at EMW and followed that up with a further sampling program in September, 2010. In total, over 300 samples were taken and returned values ranging from 0.05 ppm to 1.5 ppm (1.5 g/t) Au. While the total mineralized zone now exposed at surface encompasses an area in excess of 1,650 m by 450 m in size, the mineralized area is believed to be much larger but is covered by either overburden or alluvium. The sampling conducted at EMW has enabled MAX to identify structural linear features seen in air photo images along with argillic alteration and silicification that appears to define where strong gold values may be found. Sampling of historic pits dug by earlier prospectors has helped further define the areas of mineralization and to confirm the presence of gold. An updated soil sampling map is now available on our web site at www.maxresource.com.

Sampling taken by other companies that reviewed the property during 2010 and 2011 found values up to 2.4 g/t in outcrop. In addition, streams north and east of the soil anomaly were also sampled looking to define the overall size of the system, with all of the streams containing gold with values up to 0.05 ppm. The wide variation in gold values is explained by the presence of coarse free gold in all samples.

The soil and current samples were analyzed by ALS Laboratory Group (Chemex) in Reno, Nevada. Samples from two of the sample grids taken in the coarse gold area (as seen in the previous bulk sample) were run for gold using a one kilogram split with following cyanide leach to minimize the potential to miss the coarse gold. The other grid (different mineralization style) samples were fire assayed in addition to an ICP (Inductively Coupled Plasma) suite of 41 elements. All sample bags were labeled at the site with a sample specific number, logged on a sample card with sample card tag put in each sample bag and taken directly from the field to ALS Labs. In addition, each site was located using a GPS in UTM with NAD 27.

The EMW property is comprised of 78 claims (1,560 acres) located in the Manhattan Mining District 40 miles north of the town of Tonopah and eight miles south of the Round Mountain Mine (jointly owned by Kinross and Barrick), a conventional open pit operation that has produced more than 12 million ounces of gold to date. For 2012, Kinross Gold reported a proven and probable gold resource at Round Mountain (net to its 50% interest) of 64.1 million tonnes at 0.6 g/t Au.

More than 1 Moz of gold have been mined to date in the Manhattan Mining District. Production has included the nearby Manhattan mine (1974-1990), an open-pit operation that produced 236,000 ounces of gold at an average grade of 0.08 ounce per ton ("opt") and the Echo Bay East and West Pit deposits immediately to the west of EMW that operated in the early 1990s, producing 260,000 ounces at an average grade of 0.06 opt. 

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. 

About MAX Resource Corp.

MAX Resource Corp. is a Canadian exploration company focused on gold, silver and copper exploration in Nevada. Our Nevada properties include Majuba Hill (Copper/Silver) in Humboldt County and East Manhattan Wash (Gold) in the Manhattan Mining District, Nye County. 

On behalf of the Board of Directors

Stuart Rogers, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



MAX Resource Corp.
Leonard MacMillan
Corporate Communication
(604) 637-2140 or Toll Free: 1-866-331-5088
info@maxresource.com
www.maxresource.com

Max Resources Corp.

EXPLORATEUR
CODE : MXR.V
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$, 7,7 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.

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Rapports annuels de Max Resources Corp.
2008 Annual Report
Financements de Max Resources Corp.
13/02/2014Arranges $300,000 private placement
Nominations de Max Resources Corp.
23/02/2012appoints Ian Smith, F.AusIMM, as Director
Projets de Max Resources Corp.
05/02/2014Resource to Drill at Majuba Hill, Nevada, Ridge of High Grad...
27/08/2013(East Manhattan)Returns 1.5 g/t Au and 0.87 g/t Au From Bulk Samples at East...
27/03/2013RESOURCE | 2013 | Website Update
02/10/2012step-out drilling extends silver, copper mineralized oxide z...
11/09/2012drills 4.6 m @ 58.0 g/t Silver and 7.6 m @ 0.80% copper, Maj...
30/08/2012Resource Response to Request/Email Updates
14/06/2012completes eight drill holes at Majuba Hill silver/copper/gol...
03/05/2012begins Phase III drill program at Majuba Hill copper/silver/...
26/04/2012Acquires Additional Acreage in Nevada, Drilling to Resume
03/04/2012Phase III High-Grade Silver/Copper/Gold drill program in Nev...
07/03/2012Resource Outlook 2012 and Beyond!! New Power Point
07/02/2012Drills 29.2 m of 30.5 g/t Ag and 0.69% Cu at DeSoto discover...
20/01/2012Resource Invitation Reminder, Booth #1521
14/12/2011completes Phase II drill program Majuba Hill copper/silver p...
26/10/2011Resource Retains Strategic Investor Relations Services
25/10/2011drills 44.2 m of 71.0 g/t (2.28 oz/t) Silver and 1.14% Coppe...
13/10/2011(Majuba Hill (nevada))drills 13.7 m of 30 g/t (0.96 oz/t) silver and 0.47% copper ...
08/08/2011completes soil sampling and additional drilling at Majuba Hi...
30/03/2011(Majuba Hill (nevada))begins exploration at historic Majuba Hill Copper/Gold/Silve...
17/03/2011(Table Top)resumes drilling at Table Top gold project in Nevada, immedi...
17/02/2011(Table Top)to resume drilling at Table Top gold project in Nevada, imme...
24/11/2009(Crowsnest)drills 19.03 g/t gold over 6.1 meters at Crowsnest; includes...
31/08/2009acquires Table Top gold project in Nevada; permitting underw...
10/08/2009(Howell)samples > 100g/t Gold, 105 ppm Tellurium at Crowsnest Gold p...
27/07/2009(Howell)options Crowsnest Gold Property; drilling planned for fall a...
10/03/2009(East Manhattan)recovers 4.9 grams/ton gold and 1.2 grams/ton silver from bu...
07/01/2009(Indata)intercepts 8.20 g/t Gold over 0.3 m, 209.0 g/t Silver over 0...
21/11/2008(Howell)intersects 22 metres of 0.78 g/t gold at Howell
18/08/2008(Howell)Reports an Open Pit Gold Reserve of 150,000 Ounces of Gold ...
22/07/2008(Howell)Drilling begins at Howell Gold project in British Columbia
14/07/2008(Ravin)Drilling begins at Ravin Molybdenum/Tungsten Property in Nev...
17/06/2008(Gold Hill - Max)MAX Begins Drilling at Gold Hill site
29/08/2007(Gold Hill - Max)Reports Positive Molybdenum Results, Gold Hill Project, Alas...
31/07/2007(Gold Hill - Max)Begins 6000 Foot Molybdenum Drill Program in Alaska
Communiqués de Presse de Max Resources Corp.
15/10/2015MAX closes final tranche of Private Placement for $$67,750
18/09/2015MAX arranges Private Placement for $250,000
23/03/2015Max Announces Effective Date For Share Consolidation
23/03/2015MAX to voluntarily terminate its share registration in U.S.
23/03/2015MAX Completes Share Consolidation
13/03/2015MAX to Voluntarily Terminate Its Share Registration in U.S.
24/02/2015MAX Completes Share Consolidation
23/02/2015MAX Announces Effective Date for Share Consolidation
14/11/2014MAX Relinquishes Majuba Hill Project
04/11/2014MAX Reports on Assays From East Manhattan Wash Gold Project,...
12/09/2014MAX Receives Assay Results From Drilling at East Manhattan W...
21/07/2014MAX Commences Drilling at East Manhattan Wash Gold Project, ...
25/06/2014MAX Drills 222.6 m @ 0.27% Cu and 10.1 g/t Ag, Inclusive of ...
12/06/2014MAX Receives Drill Permit for East Manhattan Wash Gold Proje...
20/05/2014MAX Commences Drilling at Majuba Hill Copper/Silver Project ...
15/03/2012drills 293 m of silver, gold and copper at Majuba Hill, Neva...
05/10/2011Clancy Wendt, P. Geo, VP Exploration of MAX Resource Corp., ...
31/05/2011(Table Top)drills 9.6 metres of 1.04 g/t Au at Table Top in Nevada, ext...
15/10/2009Crowsnest Gold New Trench Assay's and Drilling Completed
31/08/2009Acquires Gold Property in Nevada
16/06/2008engages Gateway Securities for corporate finance services
09/06/2008OPTIONS TWO PROPERTIES IN BRITISH COLUMBIA
04/12/2007 acquires Gold/Silver Property in Manhattan Mining District,...
22/10/2007Completes Airborne Survey, MacInnes Lake Uranium Project, NW...
18/10/2007Reports 1,000 Feet of 0.058% MoS2, Gold Hill Molybdenum Proj...
11/10/2007 Reports First Hole Results of 965 Feet of 0.048% MoS2, Gold...
10/09/2007Acquires Ravin Molybdenum-Tungsten Project, Nevada, USA
05/06/2007Raises $8.45 Million for Uranium & Molybdenum Projects in US...
20/04/2007to Raise $7,100,000
10/04/2007Acquires Nustar Uranium Project, Arizona
08/03/2007 Receives Drill Permit for C De Baca Uranium Project in Mexi...
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