TSX-V Symbol: MXR
OTC BB Symbol: MXROF
VANCOUVER, July 22 /CNW/ - MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF;
Frankfurt: M1D) is pleased to announce that drilling has begun on the Howell
gold project located in south-eastern British Columbia.
The Howell Gold Project is comprised of 4,376 hectares located one hour
by gravel road south of the town of Sparwood, straddling the drainages of
Twenty-Nine Mile Creek and Howell Creek.
At Howell Creek, gold mineralization occurs disseminated in limestone and
with quartz stockworks in syenite intrusives and Proterozoic sediments. Prior
drilling has included 1.23 g/t gold over 58 metres, 0.95 g/t gold over
39 metres, 0.65 g/t gold over 82 metres, and 0.57 g/t gold over 149 metres. A
diamond drill hole from 2006, collared to the west of the surface expression
of the important Palaeozoic limestone, penetrated a near surface fault and
intersected 43 metres of limestone grading 0.42 g/t gold to the bottom of the
hole at 66 metres. The last sample in this hole graded 0.44 g/t gold
indicating a need to drill deeper and test the target along strike; the first
hole of the current program will deepen this hole to approximately 200 metres.
An important additional target which will be tested in the current
program is Carbonate Replacement Deposit ("CRD") style mineralization in the
general vicinity of hole HRC-15 (located 1,100 metres to the west of the first
hole of the current program), drilled by Placer Dome Inc. in 1988, which
intersected 7.6 metres grading 51.5 g/t silver, 1.98% lead, 1.87% zinc, and
0.32 g/t gold.
MAX plans to drill a minimum of 1,000 meters at Howell, which is one of
two exploration projects in British Columbia recently optioned from Eastfield
Resources Ltd. (TSX.V:ETF) as announced in our news release of June 9, 2008.
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 Uranium projects in the south
western U.S. and northern Canada, Molybdenum in Alaska and Nevada, and Gold in
Nevada and British Columbia. For more information, please visit our web site
On behalf of the Board of Directors of
MAX Resource Corp.
The TSX Venture Exchange does not accept 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: (800) 248-1872 or (604) 637-2140, email@example.com,