OTC BB: MXROF
VANCOUVER, Feb. 22, 2012 /CNW/ - MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) is pleased to announce the appointment of Ian Smith, B.E. (Mining)
Hons, F.AusIMM, CP Mgmt, as a director of the Company.
Mr. Smith graduated from the University of Queensland, Australia with a
degree in mining engineering and has over 40 years of international
experience in corporate development, operations, project management and
consulting within the base, precious metals and coal industries. Mr.
Smith is the President and Chief Executive Officer of Yellowhead Mining
Inc. (TSX.V: YMI) which is in the process of preparing a detailed
Feasibility Study on the Harper Creek copper-gold-silver project in
south central B.C., potentially one of the largest copper development
projects in Canada.
Mr. Smith is a director of several public companies, and is President
and CEO of Santa Fe Metals Corp. He was recently President and CEO of
bcMetals Corp., which had engineered the Red Chris copper/gold porphyry
project for development in northwest BC prior to being acquired by
Imperial Metals Corp. His involvement with large scale open pit copper
operations at a senior management level includes Bougainville Copper in
Papua New Quinea, La Caridad in Mexico and the Zambian Copperbelt. Mr.
Smith was President and a founding partner of one of North America's
most successful mining industry consulting companies until it was
purchased by Canadian interests in 1995.
Clancy Wendt, VP Exploration of MAX, states "I have had the opportunity
to work with Ian on a number of projects in the past and am very
pleased to have him bring his expertise to MAX, where the recent
discovery of high-grade copper and silver mineralization during
drilling in 2011 at our Majuba Hill project in Nevada serves to confirm
our theory that Majuba Hill is an extensive copper/silver/gold porphyry
system that is highly prospective for the development of a bulk-tonnage
open pit deposit."
In conjunction with this appointment MAX has agreed, subject to
regulatory approval, to grant incentive stock options to directors and
officers on up to 675,000 common shares at an exercise price of $0.25
per share for a period of three years.
About MAX Resource Corp.
MAX Resource Corp. is a Canadian exploration company focused on gold and
silver exploration in Nevada. 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:
Leonard MacMillan, Corporate Communication
Telephone: (866) 331-5088 or (604) 637-2140