This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

MAX Completes Six Core Drill Holes At Table Top Gold Project In Nevada; Drilling To Begin At Majuba Hill Copper/silver Project In April

TSX-V Symbol: MXR OTC BB Symbol: MXROF Frankfurt: M1D

VANCOUVER, April 12 /PRNewswire/ - MAX Resource Corp. (TSXV: MXR) (OTCBB: MXROF) (Frankfurt: M1D) has completed a six hole core drill program at the company's wholly owned Table Top gold project in Humboldt County, Nevada.  Table Top is located 10 miles west of the town of Winnemucca, immediately south of the Sandman gold project, one of the Nevada properties included in the recent acquisition of Fronteer Gold Inc. by Newmont Mining Corp.

Six diamond core holes were drilled at Table Top for a total of 497 metres. Five holes were drilled to the northeast of previous drilling and a sixth was drilled to identify 1+ gram gold intercepts found by surface sampling southwest of last year's drilling and 155 metres from the next nearest drill hole.  Drill core is currently being split and assay results are pending.

Table Top is located along the Kings River Rift, a regional geologic feature that appears to control mineralization in the area and which hosts multiple high-grade vein-related gold systems.  Along this trend is AMAX's Sleeper Canyon Mine (2.5 MM oz Au produced), located 25 miles to the north, the Goldbanks gold occurrence located 37 miles to the south, and the Sandman gold deposits, now owned by Newmont, immediately to the north.

Majuba Hill Copper/Silver project

At Majuba Hill, excavation of roads and drill sites is underway for a six hole core drill program to begin on patented land in late April.   Majuba Hill is the site of a number of past-producing high-grade copper and silver mines. The company's initial exploration program is designed to expand and define the extensive zones of high grade copper/silver mineralization identified during reverse-circulation drilling conducted by Minterra in 2007.  Highlights of Minterra's drilling included 1 45 feet at 1.85 opt and 0.49% Cu, inclusive of 15 feet at 5.01 opt Ag (hole MH-6) and 100 feet at 0.99 opt Ag, inclusive of 15 feet at 4.00 opt Ag (hole MH-5).   The mineralized system is open to the north, east and west and to depth. In addition, soil sampling is planned for two areas of copper/silver mineralization identified to the west and to the east of the mineralized zone, where copper samples as high as 7.2% Cu and 3 opt Ag in outcrop have been reported by previous operators and have not yet been fully mapped or explored.

Majuba Hill encompasses 2,313 acres of surface and mineral rights comprising patented and unpatented lode mining claims and private mineral rights. Majuba Hill is 30 miles northwest of Coeur d'Alene's Rochester mine, which has produced 127 million ounces of silver and 1.5 million ounces of gold since 1986. The property is easily accessed via 23 miles of well-maintained dirt roads leading from United States 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.  The 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 in Nevada, where four gold and silver properties are 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

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,993.39 +280.73 1.58%
S&P 500 2,085.21 +24.19 1.17%
NASDAQ 4,939.6220 +48.4030 0.99%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs