To view the Social Media Release, click here: http://smr.newswire.ca/en/max-resource-corp/max-to-resume-drilling-at-table-top-gold-project
TSX-V Symbol: MXR
OTC BB Symbol: MXROF
VANCOUVER, Feb. 17 /CNW/ - MAX Resource Corp. (TSXV: MXR) (OTCBB: MXROF) (FSE: M1D) has secured a drill rig and has scheduled to resume drilling in the
first week of March on the Company's wholly owned Table Top gold
project in Humboldt County, Nevada. Table Top is located immediately
south of the Sandman gold project, one of the Nevada properties
included in the recent proposal by Newmont Mining Corp. to acquire
Fronteer Gold Inc.
Drilling by MAX in 2010 intersected significant gold mineralization at Table Top,
confirming that the mineralization not only extends to depth, but also
increases in width and grade. Results included an intercept of 12.1 m
of 0.91 g/t gold, inclusive of 9.1 m of 1.09 g/t Au. The mineralization
appears similar to that encountered around the Goldstrike Betze-Post
mine operated by Barrick on the Carlin Trend.
The drilling to be conducted at Table Top will target the mineralized
system down dip and along strike, exploring for higher grade gold in
what appears to be a Carlin-style feeder system.
Newmont currently has a joint venture interest in Fronteer's Sandman
project, a high-grade, vein-related gold system on Nevada's King River
Rift, a regional geologic feature that appears to control
mineralization in the area and which hosts multiple high-grade gold
systems. MAX's Table Top property is immediately south of Sandman on
this gold trend, which also features AMAX's Sleeper Canyon Mine (2.5
Moz Au produced), located 25 miles to the north, and the Goldbanks gold
occurrence located 37 miles to the south. A map of the King River Rift
can viewed on our web site at www.maxresource.com.
The Table Top gold project consists of 48 claims (960 acres) located 10
miles west of the town of Winnemucca in Humboldt County, Nevada, just
off of Interstate 80.
This news release has been reviewed by Clancy J. Wendt, P. Geo, a
qualified person as that term is defined under National Instrument
43-101. Any 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 gold, with three gold properties
in Nevada 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.
/NOTE TO EDITORS: Media Assets accompanying this story are available as
Nevada Gold Trends): http://smr.newswire.ca/media/articles/1099/max-resource-nevada-map-2-gold-trends-feb-2011.jpg
King River Rift Gold Trend: http://smr.newswire.ca/media/articles/1099/tabletoptrend.jpg
SOURCE MAX Resource Corp.
For further information:
Contact: Leonard MacMillan, Corporate Communication
Telephone: (866) 331-5088 or (604) 637-2140