|
MAX Resource Corp. (TSXV:MXR.V) (OTC BB:MXROF.OB) (FSE: M1D) has
secured a drill rig and has scheduled to resume drilling in the first week of
March on the Company's wholly owned Table Top gold project in Humboldt
County, Nevada. Table Top is located 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 at Table Top, confirming 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. The
mineralization appears similar to that encountered around the Goldstrike Betze-Post mine operated
by Barrick on the Carlin Trend.
The drilling to be conducted at Table Top will target the mineralized
system down dip and along strike, exploring for higher grade gold in what
appears to be a Carlin-style feeder system.
Newmont currently has a joint venture interest in Fronteer's
Sandman project, a high-grade, vein-related gold system on Nevada's King
River Rift, a regional geologic feature that appears to control
mineralization in the area and which hosts multiple high-grade gold systems.
MAX's Table Top property is immediately south of Sandman on this gold trend,
which also features 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 viewed on our web site at www.maxresource.com.
The Table Top gold project consists of 48 claims (960 acres) located
10 miles west of the town of Winnemucca in Humboldt County, Nevada, just off
of Interstate 80.
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 gold, with three gold properties in
Nevada being actively 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.
|