TSX-V Symbol: MXR
OTC BB Symbol: MXROF
VANCOUVER, April 7 /CNW/ - MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has begun a 16-hole core drill program at its wholly-owned Table Top gold project in Humboldt County, Nevada. This drill program follows an extensive trenching program that has been conducted on recently acquired claims at Table Top, with assay results pending.
The Table Top property is comprised of 171 claims (3,420 acres) located 10 miles west of the town of Winnemucca, Nevada, just off of Interstate 80.
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 (a joint venture between Newmont Mining Corporation and Fronteer Development Group Inc.) immediately to the north where drilling by Newmont continues to highlight the high-grade nature of near-surface gold mineralization.
MAX now controls all prospective land available between Table Top and Sandman, where Newmont can earn a 60% interest by spending $23 Million on exploration and advancing the project to a production decision by June 2011. Maps showing the Kings River Rift and the new claims staked by MAX are available on our web site at www.maxresource.com.
Clancy Wendt, VP Exploration states "The trenching and drilling program was determined after having reviewed aerial photos, geology maps, geochemical assay maps, and geophysics, as well as data from the limited drilling conducted to date on the property by prior operators. Also, having reviewed the drill results reported by Fronteer to the immediate north at Sandman, we have a better understanding of the mineralizing systems in the area, especially in the area of rock type, mineralization, structure and alteration seen at the surface. We feel that the Table Top area is geologically favorable for the discovery of a medium-sized, high grade, sedimentary style oxide gold deposit in a near surface environment."
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 gold, with three gold properties in Nevada being actively explored in 2010. 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. 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.
SOURCE MAX Resource Corp.
For further information: For further information: Leonard MacMillan, Corporate Communication, Telephone: (866) 331-5088 or (604) 637-2140, firstname.lastname@example.org, www.maxresource.com