MAX drills 9.6 metres of 1.04 g/t Au at Table Top in Nevada, extends strike of mineralization by 244 metres
VANCOUVER, May 31, 2011 /CNW/ --
TSX-V: MXR
OTC BB: MXROF
Frankfurt: M1D
VANCOUVER, May 31, 2011 /CNW/ - Max Resource Corp. (TSX.V: MXR) (OTCBB: MXROF) (Frankfurt: M1D) has received the results from the April drill program at its
wholly-owned Table Top gold project in Humboldt County, Nevada. A
total of six holes (497 meters) were drilled at Table Top, with all
holes intersecting gold mineralization in excess of 100 ppb Au
Highlights included drill hole MT-18, which intersected 9.6 m of 1.04 g/t Au starting at a down hole depth of 42.7 m. Holes MT-16, 17 and 18
intersected multiple intervals of gold mineralization exceeding 100
ppb. These latter results indicate that gold mineralization is not
confined to a single zone; MT-17 had four mineralized zones.
Mineralization has now been identified over a 500 meter strike length
and is still open in both directions. The only drill holes that missed
the mineralized zone were found to have been drilled over the top of
the system. MAX now has a better understanding of the trend of the
mineralization and will continue exploration at Table Top following the
completion of upcoming drill programs planned for its Majuba Hill and
Diamond Peak properties this summer.
MAX drilled 5 holes to the northeast of the mineralized structure
intersected during drilling in 2010 to test its extension and confirmed
that the mineralized zone extends at least another 89.9 m northeast of
previous drilling. Drilling intersected the previously identified
mineralized structures in four of five drill holes, with thicknesses
comparable to what was earlier recognized. The sixth hole was drilled
155.1 m southwest of last year's drilling to follow-up on 1 g/t Au
surface samples
Summary of gold intercepts in drill holes MT-16 through MT-21
(cutoff at 0.1 g/t).
_____________________________________________
|Hole |Angle|From | To |Thickness | Grade |
| | | (m) | (m) | (m) |(Au g/t)|
|_____|_____|______|______|__________|________|
| | | | | | |
|_____|_____|______|______|__________|________|
|MT-16| -44 |19.81 | 21.34| 1.53 | 0.22 |
|_____|_____|______|______|__________|________|
|MT-17| -45 |27.43 | 28.96| 1.53 | 0.14 |
|_____|_____|______|______|__________|________|
|MT-17| -45 |32.16 | 33.07| 0.91 | 0.19 |
|_____|_____|______|______|__________|________|
|MT-17| -45 |33.07 | 35.66| 2.59 | 0.80 |
|_____|_____|______|______|__________|________|
|MT-17| -45 |35.66 | 38.10| 2.44 | 0.18 |
|_____|_____|______|______|__________|________|
|MT-17| -45 |39.62 | 41.15| 1.53 | 0.18 |
|_____|_____|______|______|__________|________|
|MT-17| -45 |42.67 | 43.95| 1.28 | 0.26 |
|_____|_____|______|______|__________|________|
|MT-18| -70 |38.10 |39.62 | 1.52 | 0.13 |
|_____|_____|______|______|__________|________|
|MT-18| -70 |42.67 |52.27 | 9.60 | 1.04 |
|_____|_____|______|______|__________|________|
|MT-19| -58 |67.06 |68.12 | 1.06 | 0.29 |
|_____|_____|______|______|__________|________|
|MT-19| -58 |109.73|111.25| 1.52 | 1.48 |
|_____|_____|______|______|__________|________|
|MT-20| -45 |23.20 |24.38 | 1.18 | 0.23 |
|_____|_____|______|______|__________|________|
|MT-20| -45 |46.82 |49.99 | 3.17 | 0.83 |
|_____|_____|______|______|__________|________|
|MT-20| -45 |82.51 |83.82 | 1.31 | 0.10 |
|_____|_____|______|______|__________|________|
|MT-21| -45 |33.22 |38.10 | 4.88 | 0.42 |
|_____|_____|______|______|__________|________|
This current drill program confirms that previous interpretations are
still valid regarding the occurrence of gold mineralization at Table
Top. Gold mineralization continues both northeast and southwest of the
previous drilling and remains roughly the same in grade and tenor. One
of the best intersects thus far was found in hole MT-18, with 1.3 m
grading 2.33 g/t at 44.20 meters down hole. It appears that grades, if
not the thickness of mineralized zones, increase with depth.
MAX is currently reviewing the 2010 and 2011 exploration data along with
data from prior operators with a view to better understanding the
mineralized system at Table Top prior to further drilling. A viable
target still exists along strike to the northeast and southwest and
down dip where the vertically standing outcrops bend, creating a zone
of structural preparation. Further drilling is planned to the northeast
towards where Goldfields reported values to 15 g/t gold from outcrops
sampled in the 80's on adjacent land.
Analysis was performed by Inspectorate American Corp. Laboratories, an
ISO certified facility in Reno, Nevada, using fire assay and
multi-element (ICP-ES) techniques producing assays for a 14 element
suite of minerals. Standards and duplicates were used for quality
control of the samples. After the core is logged for each drill hole,
the location of each site is located using a GPS in UTM coordinates
using NAD 27 datum. The core is then split and put into a sample bag
which is labeled for each interval and a sample card tag put in each
sample bag and taken from the core facility to the Inspectorate
Laboratories. A map showing the location of the drill holes completed
at Table Top is now available on our web site at www.maxresource.com.
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.
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 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
MAX Resource Corp.
'STUART ROGERS'
Stuart Rogers
President
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This News Release includes certain 'forward looking statements'. Without
limitation, statements regarding potential mineralization and
resources, exploration results, and future plans and objectives of the
Company are forward looking statements that involve various degrees of
risk. The following are important factors that could cause MAX's actual
results to differ materially from those expressed or implied by such
forward looking statements: changes in the world wide price of mineral
commodities, general market conditions, risks inherent in mineral
exploration, risks associated with development, construction and mining
operations, the uncertainty of future profitability and the uncertainty
of access to additional capital. Further, this news release contains
information about adjacent properties on which the Company has no right
to explore or mine. Readers are cautioned that the United States
Securities and Exchange Commission's mining guidelines prohibit
information of this type in documents filed with the SEC and that
mineral deposits on adjacent properties are not indicative of mineral
deposits on the Company's properties.
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Contact: Leonard MacMillan, Corporate Communication
Telephone: (866) 331-5088 or (604) 637-2140
info@maxresource.com www.maxresource.com