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MXR OTC BB Symbol:
March 17 /PRNewswire/ - MAX Resource Corp.
(TSXV: MXR) (OTCBB: MXROF) (Frankfurt: M1D) 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.
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
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
On behalf of the Board of Directors of
MAX Resource Corp.