TSX-V Symbol: MXR
OTC BB Symbol: MXROF
VANCOUVER, Sept. 15, 2011 /CNW/ - 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
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
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.
In 2008, Minterra Resource Corp. reported drill results from Majuba Hill
that included 145 feet at 1.85 opt Ag and 0.49% Cu, inclusive of 15 feet at 5.1 opt Ag (hole MH-6) and 100 feet at 0.99 opt Ag, inclusive of 15 feet at 4.0 opt Ag (hole MH-5). Of 7 holes drilled by Minterra at the Copper Stope
target, 6 holes reported currently economic grades of copper/silver
mineralization. MAX recently completed an eight hole drill program to
test these drill results as well as other target areas; all core has
now been split and submitted to the laboratory, with assay results
MAX believes that Majuba Hill is a newly defined large scale
intrusive-type porphyry system that is highly prospective for the
discovery of new zones of economic copper/silver mineralization. The
site of numerous past producing mines, with historic production
reported of 12% Cu (Mason Valley Copper in 1918) and silver grades up
to 40 opt Ag, Majuba Hill encompasses 2,568 acres of surface and
mineral rights that includes patented lode mining claims. The property
lies 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) and is easily accessed via 23 miles of well-maintained dirt
roads leading from U.S. Interstate 80. For more detailed information
on the Majuba Hill copper/silver project, including project and soil
sampling maps, 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 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.
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.
SOURCE MAX Resource Corp.
For further information:
Contact: Leonard MacMillan, Corporate Communication
Telephone: (866) 331-5088 or (604) 637-2140