OTC BB: MXROF
VANCOUVER, Feb. 22, 2012 /CNW/ - MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) is pleased to announce the appointment of Ian Smith, B.E. (Mining) Hons, F.AusIMM, CP Mgmt, as a director of the Company.
Mr. Smith graduated from the University of Queensland, Australia with a degree in mining engineering and has over 40 years of international experience in corporate development, operations, project management and consulting within the base, precious metals and coal industries. Mr. Smith is the President and Chief Executive Officer of Yellowhead Mining Inc. (TSX.V: YMI) which is in the process of preparing a detailed Feasibility Study on the Harper Creek copper-gold-silver project in south central B.C., potentially one of the largest copper development projects in Canada.
Mr. Smith is a director of several public companies, and is President and CEO of Santa Fe Metals Corp. He was recently President and CEO of bcMetals Corp., which had engineered the Red Chris copper/gold porphyry project for development in northwest BC prior to being acquired by Imperial Metals Corp. His involvement with large scale open pit copper operations at a senior management level includes Bougainville Copper in Papua New Quinea, La Caridad in Mexico and the Zambian Copperbelt. Mr. Smith was President and a founding partner of one of North America's most successful mining industry consulting companies until it was purchased by Canadian interests in 1995.
Clancy Wendt, VP Exploration of MAX, states "I have had the opportunity to work with Ian on a number of projects in the past and am very pleased to have him bring his expertise to MAX, where the recent discovery of high-grade copper and silver mineralization during drilling in 2011 at our Majuba Hill project in Nevada serves to confirm our theory that Majuba Hill is an extensive copper/silver/gold porphyry system that is highly prospective for the development of a bulk-tonnage open pit deposit."
In conjunction with this appointment MAX has agreed, subject to regulatory approval, to grant incentive stock options to directors and officers on up to 675,000 common shares at an exercise price of $0.25 per share for a period of three years.
About MAX Resource Corp.
MAX Resource Corp. is a Canadian exploration company focused on gold and silver exploration in 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:
Leonard MacMillan, Corporate Communication
Telephone: (866) 331-5088 or (604) 637-2140