TSX-V Symbol: MXR
OTC BB Symbol: MXROF
VANCOUVER, March 20 /CNW/ - MAX Resource Corp., (TSX-V: MXR;
OTCBB: MXROF; Frankfurt: M1D) is pleased to announce that it has contracted
with Stewart Brothers Drilling Company of Milan, New Mexico for the drilling
of its C de Baca Uranium property in Socorro County, New Mexico in May, 2007.
The drill program will be comprised of 14 drill holes and has been
designed to allow MAX to be able to confirm the historic drilling data
available on C de Baca in order to enable a resource estimate in compliance
with National Instrument 43-101. MAX is fully funded to carry out this
The C de Baca Project is wholly-owned by MAX and comprises 108 uranium
claims previously explored by Occidental Minerals, an Occidental Petroleum
company, in the 1980's. Occidental Minerals drilled 216 holes, with the best
drill hole intersecting 7.5 feet of 0.20% U(3)O(8) at a depth of 291 feet, and
identified an exploration target of 1.67 million tons grading 0.18% U(3)O(8)
(approximately 6 million lbs of U(3)O(8)(*)). This information is taken from
data MAX acquired on the project in June 2006 which includes drill logs and
thickness maps from the original work done by Occidental Minerals that define
only the eastern limits of the mineralized system, which may be open to
The property is located 14 miles north of the town of Magdalena and
100 miles south of Albuquerque, New Mexico. It has the potential for in-situ
uranium mining methods, a technique with a tiny footprint. In situ recovery
("ISR"), also known as solution mining, involves leaving the ore where it is
in the ground and using non-toxic liquids which are pumped through it to
recover the minerals out of the ore by leaching. As a consequence, there is
little surface disturbance and no tailings or waste rock generated. According
to the World Nuclear Association, 21 percent of the world's uranium production
came about through ISR mining in 2004.
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.
(*) Note: This report by Occidental Minerals was not NI 43-101 compliant
and predates NI 43-101. The historic information provided is for
reference only and the reader should not infer or assert that the
information is correct, reliable, relevant or accurate and should not
be relied upon. Max Resource intends to upgrade any historic resource
figures to comply with NI 43-101 reporting standards on completion of
About MAX Resource Corp.
MAX Resource Corp. is a Canadian mineral exploration company focused on
Uranium exploration, with properties in the U.S. and Canada. In addition, it
holds highly prospective gold properties in Nevada and Alaska that have
additional potential for Molybdenum (Alaska) and Zinc (Nevada). For more
information, please visit our web site at www.maxresource.com.
On behalf of the Board of Directors of
MAX Resource Corp.
THE CONTENTS OF THIS NEWS RELEASE HAVE NEITHER BEEN APPROVED NOR
DISAPPROVED BY THE TSX VENTURE EXCHANGE.
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.
For further information:
For further information: Leonard MacMillan, Corporate Communication,
Telephone: (800) 248-1872, or (604) 637-2140, firstname.lastname@example.org,