TSX-V Symbol: MXR
OTC BB Symbol: MXROF
VANCOUVER, May 26 /CNW/ - MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF;
Frankfurt: M1D) has completed an extensive bulk sampling program at it's East
Manhattan Wash ("EMW") property in the Manhattan Mining District of Nye
County, Nevada where the first bulk sample completed in March 2009 reported
grades of 4.9 grams/ton gold and 1.2 grams/ton silver from a 793 pound sample
taken at surface.
Three soil sampling grids were completed in May 2009 at EMW, with 123
samples taken which included 3 standards and 2 double (two samples taken from
the same material from one sample location) samples. The sampling was designed
to delineate the geometry of the mineralization in three areas and will be
followed up by an auger drill program to outline the native gold-bearing
outcrop, subject to receipt of the necessary permits.
The first two grids are located in a volcanic rhyolite lithic tuff
hosting coarse gold. These areas, the "Gold Pit" and the "Old Drill Hole
Grid", were sampled first by clearing a 1 meter by 1 meter area of surface
debris then removing the organic (A) and root (B) soil horizons in turn. The
sample was collected and consisted of a mixture of the soils directly above
the bedrock (C horizon) and a portion of the bedrock below the soil. The
sample was then sieved to 1/4 inch minus then bagged.
These holes ranged from 12 inches to 48 inches in depth. Each hole
location was identified with a 16 inch wooden stake labeled with an aluminum
tag and backfilled to minimize disturbance. This technique was used to look at
a small representative area and obtain any coarse gold trapped in the bedrock
The third grid, the "Gold Shaft," is located in an altered inter-bedded
phyllite, quartzite and limestone. These holes ranged from 4 inches to 12
inches in depth.
The "Old Drill Hole Grid" consists of 58 soil samples on 25 meter (82
feet) spacing and covers an area of approximately 900 feet by 400 feet. This
area was drilled by a previous operator. The drill holes look to be very
shallow and no data is available.
The "Gold Pit Grid", located approximately 500 feet west of the Old Drill
Hole Grid, consists of 30 soil samples on 25 meter spacing and covers an area
of approximately 800 by 200 feet. This area contains the old prospector's pit
from which our recent bulk sample grading 4.9 g/t gold and 1.2 g/t silver was
collected (see our news release dated March 10, 2009). The geology of the
"Gold Pit" area consists of lithic rhyolitic and lapilli tuffs. These tuffs
are locally argillically altered with minor local silicification.
The third grid, the "Gold Shaft Grid", consists of 30 soil samples on 25
meter spacing and covers an approximately 500 feet by 400 feet area with a
single line running west from the main part of the grid along a ridge. This
grid is located approximately 7,000 feet south of the "Gold Pit Grid". The
geology of the "Gold Shaft" area consists of high angle, east striking altered
inter-bedded phyllites, quartzites and limestones. These units are cut by high
angle, northeast striking structures. The sediments are in contact with a
granite to the west.
The soil samples are currently being analyzed by ALS Laboratory Group
(Chemex) in Reno, Nevada. Samples from two of the sample grids taken in the
coarse gold area (as seen in the previous bulk sample) are being run for gold
and silver using a one kilogram split with following cyanide leach to minimize
the potential to miss the coarse gold. The other grid (different
mineralization style) samples are being fire assayed in addition to an ICP
(Inductively Coupled Plasma) suite of 41 elements. All sample bags were
labeled at the site with a sample specific number, logged on a sample card
with sample card tag put in each sample bag and then taken directly from the
field to ALS Labs. In addition, each site was located using a GPS in UTM with
About the Manhattan Mining District, Nevada:
More than 1,000,000 ounces of gold have been mined in the Manhattan
Mining District. Production has included the nearby Manhattan mine
(1974-1990), an open-pit operation that produced 236,000 ounces of gold at an
average grade of 0.08 ounce per ton ("opt"). The Echo Bay East and West Pit
deposits operated in the early 1990s, producing 260,000 ounces at an average
grade of 0.06 opt. The Round Mountain Mine (Kinross/Barrick), situated eight
miles north of EMW, is a conventional open pit operation that has produced
more than 12 million ounces of gold to date. Recorded placer gold production
from the district totals approximately 150,000 ounces from a major dredge
operation and small-scale lode mines have produced another 100,000 ounces.
The current exploration model suggests that deposits that will be found
in the Manhattan District are related to the contact of the Manhattan Caldera
Margin and structural intersections. Gold is also related to the
Cambrian-Ordivician Age Sedimentary rocks along the five mile long by one mile
wide zone of the Caldera. What is unique to this occurrence is that it is
related to a lithic welded volcanic tuff. More work is planned to determine
what and how this mineralization is related to the overall normal mineralized
gold system in the Manhattan District. So far it appears to be quite different
and may be very extensive.
The EMW property is comprised of 133 claims (2,660 acres) located 40
miles north of the town of Tonopah and is the subject of an option agreement
whereby MAX can earn a 100% interest, subject to a 3% NSR royalty. For more
information on East Manhattan Wash, please visit our web site at
www.maxresource.com. There are no historic reports on the project available to
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.
About MAX Resource Corp.
MAX Resource Corp. is a Canadian based exploration company with a
diversified portfolio of mineral exploration projects in Canada and the
Western United States. Our properties include Gold in Alaska, Nevada and
British Columbia, Uranium projects in the south western U.S. and northern
Canada, and Molybdenum in Alaska and 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.
For further information:
For further information: Leonard MacMillan, Corporate Communication,
Telephone: (866) 331-5088 or (604) 637-2140, email@example.com,