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MXR OTC BB Symbol:
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.