MAX Samples Up To 1.53% Cu And 209 G/t Ag In Soils At Majuba Copper/silver Project In Nevada; Permitting Underway For Additional Drilling
TSX-V Symbol: MXR OTC BB Symbol: MXROF Frankfurt: M1D
VANCOUVER, Sept. 15, 2011 /PRNewswire/ - MAX Resource Corp. (TSXV: MXR); (OTCBB: MXROF); (Frankfurt: M1D) has received and mapped the results of an extensive soil sampling program recently completed at its Majuba Hill copper/gold/silver project in Pershing County, Nevada. A total of 834 soil samples were taken across a surface area in excess of 5,000 by 2,500 meters (m) with assay results obtained as high as 1.53% Cu and 209 g/t Ag. Assay results are pending from an eight hole drill program completed in August.
On the northwest side of the Majuba Hill property, on unpatented land, assay results in soils ranged from 1.8 ppm Cu to as high as 15,300 ppm (1.53%) Cu and from nil to as high as 209 g/t Ag. This area is being permitted for drilling in late fall.
Sampling was also undertaken on the newly identified "Ball Park" target area 1 km east of the Copper Stope target area (where drilling was recently completed), following up on previously reported sample values of 106 g/t Ag and 3.6% Cu in outcrop. Soil samples taken by MAX from this area returned values from 61.2 ppm to 132 ppm Cu and from 0.16 ppm to 2.5 g/t silver; this area is also being permitted for drilling this fall.
In addition, MAX has acquired historic reports prepared by the United States Bureau of Mines (USBM Report of Investigations #4378, 1948) that reported assay results from drilling undertaken at the past producing Majuba Hill mine in 1943. The USBM drilled two short horizontal holes into the walls of the drifts, aimed toward the west. The first hole averaged 0.73% Cu over its entire length of 46 feet and 0.75 opt Ag over 16 feet. The second hole contained 2.0% Cu and 0.70 opt Ag over the entire 45 feet. This area, underneath the Copper Stope, will be explored during the coming fall drill program.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, 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
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
