Clancy Wendt, VP Exploration of MAX, states: "We are extremely pleased by these preliminary results, which demonstrate the feasibility of utilizing low-cost heap leach mineral extraction technology at Majuba Hill. Test work is still ongoing with respect to longer term thiosulphate leaching, with a number of processing methods also being examined and tested, with a view to determining the optimum recovery system for Majuba Hill."
Drilling by MAX in 2011 and 2012 intercepted high-grade copper/silver supergene oxide mineralization over long intervals starting at surface, confirming that Majuba Hill is highly prospective for the development of a bulk-tonnage, open-pit deposit. Permitting is underway for a development drill program at Majuba Hill designed to define an initial NI 43-101 compliant inferred resource estimate by the end of 2013.
Majuba Hill is the site of numerous past producing mines, with historic production reported of 12% copper ( Mason Valley Copper, 1918) and silver grades up to 40 oz/t Ag. The Majuba Hill project encompasses 3,128 acres of surface and mineral rights that includes patented lode mining claims. The property is easily accessed via 23 miles of well-maintained dirt roads leading from U.S. Interstate 80, and lies 30 miles northwest of Coeur d'Alene's Rochester silver mine, which contains a NI 43-101 compliant Measured and Indicated Resource of 263.9 million tons grading 0.46 oz/ton Ag and 0.004 oz/ton Au. (The Coeur Technical Report on the Rochester Mine is available on SEDAR). For more detailed information on the Majuba Hill project, please visit our web site at www.maxresource.com.
This news release has been reviewed by Mr. 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 focused on gold, silver and copper exploration in Nevada. Our other Nevada properties include East Manhattan Wash (Gold) in the Manhattan Mining District, Nye County and Diamond Peak (Gold/Silver/Zinc) at the south end of the Carlin Trend in Eureka County. On behalf of the Board of Directors of MAX Resource Corp. "STUART ROGERS"