TSX-V Symbol: MXR
OTC BB Symbol: MXROF
VANCOUVER, Oct. 10 /CNW/ - MAX Resource Corp (TSX.V: MXR; OTC BB: MXROF)
announces that the final assays have been received for the bottom portion of
diamond drill hole DH-07-1 on the Gold Hill Molybdenum Property in Alaska.
These results returned 0.041% MoS2 over a core length of 425 feet. Together
with the previously reported intersection (see press release dated
August 29th, 2007), Hole DH-07-01 assays a total of 0.048% MoS2 over the
entire core length of 965 feet. The best interval occurs as 250 feet of 0.080%
MoS2 beginning at 260 feet down hole. Further, Hole DH-07-01 ended in
molybdenum mineralization grading 0.054% MoS2.
Anomalous and dispersed values in copper were also reported. Copper
mineralization occurs in core as chalcopyrite. These intervals are located at
various areas throughout the drill hole (see table below).
These results are the first to be reported from a recently completed five
hole drill 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 1970's. Assay results are pending for the
remaining 4 diamond drill holes.
The combined results for DH 07-01 are as follows:
Drill Hole Interval (feet) Width (feet) Mineralization
DH 07-1 0-965 feet 965 feet 0.048% MoS2 (0.029% Mo)
540-965 425 feet 0.041% MoS2 (0.025% Mo)
Including 0-540 540 feet(*) 0.054% MoS2 (0.033% Mo)
260-510 250 feet(*) 0.080% MoS2 (0.048% Mo)
855-915 60 feet 0.058% MoS2 (0.035% Mo)
(*) Previously Reported
Drill Hole Interval (feet) Width (feet) Mineralization
0-250 feet 250 feet 0.0266% Cu
Including 130-200 70 feet 0.043% Cu
755-815 60 feet 0.026% Cu
845-965 120 feet 0.028% Cu
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 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 the 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
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%
MoS2. 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 is the primary target of the current exploration program. For more
information on the Gold Hill project, please visit our web site at
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
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.
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, email@example.com,