TSX-V Symbol: MXR
OTC BB Symbol: MXROF
VANCOUVER, Nov. 19 /CNW/ - MAX Resource Corp (TSX.V: MXR; OTC BB: MXROF)
has received assays from the final two diamond drill holes on the Gold Hill
Molybdenum Property in Alaska. Drill hole DH-07-05 returned 0.0466% MoS(2)
over a core length of 822 feet, which included a higher grade intercept of
352 feet of .0706% MoS(2).
Drill hole DH-07-05 was an angled drill hole designed to test across the
mineralization that was intersected in drill holes 02 and 03 and reported in
press releases dated October 17, 2007. The drill hole did not cut the entire
interval and mineralization was visibly increasing at the bottom of the drill
hole as it neared the projection of the main zone. This hole will be continued
next drill season. 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
Drill Hole DH-07-04 was a vertical hole. This hole reports good
molybdenum values over the entire core length of 1000 feet, which included a
250 foot interval of 0.0603% MoS(2). This hole also reported better copper
values. This is a typical zoning pattern usually found in many porphyry style
Drill Hole (feet) (feet) Mineralization
DH-07-05 15-837 822 feet 0.0466% MoS(2) (0.0279% Mo)
-------- 15-465 450 feet 0.0284% MoS(2) (0.0170% Mo)
485-837 352 feet 0.0706% MoS(2) (0.0423% Mo)
Includes 560-630 70 feet 0.0855% MoS(2) (0.0512% Mo)
780-837 57 feet 0.0912% MoS(2) (0.0546% Mo)
Copper Results Pending
DH 07-04 0-1000 1000 feet 0.0408% MoS(2) (0.0244% Mo)
Including 450-700 250 feet 0.0603% MoS(2) (0.0362% Mo)
Including 900-1000 100 feet 0.0533% MoS(2) (0.0334% Mo)
0-1000 1000 feet 0.0416% Cu
including 0-200 200 feet 0.0809% Cu
Mr. Clancy Wendt, P.Geo., VP Exploration for MAX states, "We now have all
the results from the drill program at Gold Hill. We have begun to assess the
data and to plan our drill program for next year at Gold Hill. We have four
holes carrying strong molybdenum mineralization over long widths and often
ending in mineralization. The results from Hole DH0-07-05, combined with those
from Hole DH-07-03 (0.058% MoS(2) over 1,000 feet) and 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." A drill hole map will be available on our web
These results are the final assays 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. Mineralization has also been found to the east
of this anomaly in sediments. It opens up the potential for a skarn type
system that is to be tested next spring. 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.
(*) QA / QC (Quality Control and Quality Assurance) QP (Qualified Person)
From: International Molybdenum Association, www.moly.imoa.info
Molybdenum has been found in various minerals. Only molybdenite (MoS(2))
is suitable for the industrial production of marketable molybdenum
Viable Grades and Mining Techniques:
- The Mo content of viable ore bodies ranges between 0.01 and
- Open pit, bulk mine-able.
- Underground block caving.
Molybdenum (or moly) is utilized by the steel industry primarily as an
alloying agent. Molybdenum enhances steel strength, corrosion resistance and
high-temperature characteristics and is a necessary component in the
production of most high-quality stainless and strength-enhanced steels.
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%
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
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 is a Canadian based exploration company with a diversified
portfolio of mineral holdings in western Canada and the Western United States.
Our properties include Uranium projects in the south west US and northern
Canada, Gold in Nevada and Molybdenum in Alaska and Nevada. The diversified
nature of our property holdings exposes us to the unprecedented global demand
for natural resources in today's market place. We want to become one of the
most successful exploration companies in the mineral business.
On behalf of the Board of Directors of
MAX Resource Corp.
(*) 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.
THE CONTENTS OF THIS NEWS RELEASE HAVE NEITHER BEEN APPROVED
NORDISAPPROVED 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 Communications,
Telephone: (800) 248-1872, or (604) 637-2140, firstname.lastname@example.org;