MAX reports 1,000 feet of 0.058% MoS(2) in third drill hole at Gold Hill Molybdenum Project



    TSX-V Symbol: MXR
    OTC BB Symbol: MXROF
    Frankfurt: M1D

    VANCOUVER, Oct. 17 /CNW/ - MAX Resource Corp (TSX.V: MXR; OTC BB: MXROF)
has received assays from a further two diamond drill holes on the Gold Hill
Molybdenum Property in Alaska. Drill hole DH-07-03 returned 0.058% MoS(2) over
a core length of 1,000 feet, which included a higher grade intercept of 0.18%
MoS(2) (0.107% Mo) over 45 feet. Anomalous and dispersed values in copper were
also reported. Copper mineralization occurs in core as chalcopyrite. These
intervals are located at various depths throughout the drill hole (see table
below).
    These results are the second set to be reported from a recently completed
five hole program. The drill campaign was designed to test a broad
Molybdenum/Copper/Gold geochemistry and geophysical magnetic anomaly covering
a 700m by 800m area. This anomalous area was identified from historic work and
assay results carried out by the New Alaskan Syndicate (Cities Services
Minerals and Dome Mines) in the 1970s. Assay results are pending for the
remaining 2 diamond drill holes.
    The results for DH 07-03 are as follows:

    
                      Depth          Interval
    Drill Hole       (feet)         (feet)          Mineralization
    -------------------------------------------------------------------------

    Molybdenum Results
    ------------------

    DH 07-03           0-1000        1000 feet      0.058% MoS(2) (0.035% Mo)
    Including           0-750         750 feet       0.0734% MoS2 (0.044% Mo)
    Including         135-180          45 feet       0.18% MoS(2) (0.107% Mo)
    Including         445-485          40 feet      0.135% MoS(2) (0.081% Mo)

    Copper Results
    --------------
                        0-320         320 feet                   0.0226 % Cu
                     500-1000         500 feet                     0.045% Cu

    Drill Hole DH-07-02 also had moderately lower molybdenum values over the
entire length of the drill hole but slightly better copper values, which is
indicative of a typical zoning pattern usually found in a porphyry system. The
results for DH 07-02 are as follows:

                      Depth          Interval
    Drill Hole       (feet)         (feet)          Mineralization
    -------------------------------------------------------------------------

    Molybdenum Results
    ------------------

    DH 07-02           0-1000        1000 feet      0.030% MoS(2) (0.0167%Mo)

    Copper Results
    --------------
                        0-430         430 feet                     0.054% Cu
                      430-605         175 feet                    0.0215% Cu
    

    Results from drill holes DH-07-04 and DH-07-05 are expected in the very
near future.
    Mr. Clancy Wendt, P.Geo., VP Exploration for MAX states, "We now have
results for three holes at Gold Hill, with two of these holes carrying strong
molybdenum mineralization over long widths and ending in mineralization. The
results from Hole DH-07-03, combined with those from DH-07-01, which
intersected 0.048% MoS(2) over the entire core length of 965 feet and ended in
molybdenum mineralization, continue to indicate that a molybdenum porphyry
system is present at Gold Hill."

    QA / QC (Quality Control and Quality Assurance): Core material was
collected at the drill site and placed in core boxes under the supervision of
an experienced geologist. It was logged for rock type, alteration, structure,
and recorded with detailed descriptions. Core was split using a hydraulic core
splitter and one-half was sent to the Alaska Assay Laboratories. The other
half is kept at MAX's core storage facility in Anchorage. Drill holes were
sampled at five foot sample intervals. Samples were delivered in sealed bags
to the Alaska Assay Labs facility in Fairbanks, Alaska for sample preparation.
Alaska Labs is using a 2 acid digestion and a 30 Element AES ICP Scan.
    Sample Preparation quality control at Alaska Assay Labs includes strict
chain of custody documentation, careful logging of samples documentation,
careful cleaning of all equipment documentation, and careful monitoring of
crush and grind particle size documentation, and careful protocol
documentation following ISO9002/17025 guidelines.

    QP (Qualified Person): Max's exploration program was supervised by Clancy
J. Wendt, P.Geo., who is a qualified person as defined in National Instrument
43-101 for this disclosure and supervised the preparation of the technical
information in this news release.

    About Gold Hill
    ---------------
    The Gold Hill property comprises 8,520 acres located approximately 212
miles north, northeast of Anchorage, Alaska and is accessible to within five
miles of the property by the all-weather unpaved Denali Highway (State Highway
 8).
    The Claims were explored for base metals during the early 1970's by the
New Alaska Syndicate (Cities Services Minerals and Dome Mines Ltd). Numerous
holes were drilled over the then 4,960 acre property. The drill holes tested
various soil anomalies on the southwest side of Gold Hill where significant
molybdenum mineralization was first intersected. Hole DDH 77-2, intersected a
quartz-molybdenum (with minor copper) zone grading 0.048% MoS(2) from surface
to 536 feet with a higher grade interval from 350-500 (150 feet) of 0.094%
MoS(2). This area has never seen modern exploration techniques applied. The
immediate area contains a significant magnetic anomaly that coincides with the
known mineralization. Previous drilling never tested this magnetic feature nor
the surrounding sedimentary rocks. This area is best described as having
strong skarn and silicification development and coincident mineralization.
This area was the primary target of the recent exploration program. For more
information on the Gold Hill project, please visit our web site at
www.maxresource.com.
    A National Instrument 43-101 Geological Report was completed on the Gold
Hill project in July 2004 and can be viewed on SEDAR or at
www.maxresource.com.

    About MAX Resource Corp.
    ------------------------
    MAX Resource Corp. is a Canadian mineral exploration company that
identifies, acquires and finances advanced stage exploration projects. MAX is
currently focused on the discovery of uranium, precious metals and base
metals, with interests in properties in Alaska, Arizona, Nevada, New Mexico
and the Northwest Territories of Canada. For more information, please visit
our web site at www.maxresource.com.

    On behalf of the Board of Directors of

    MAX Resource Corp.

    "STUART ROGERS"

    Stuart Rogers
    President

    
       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, info@maxresource.com,
www.maxresource.com

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