TSX-V Symbol: MXR
OTC BB Symbol: MXROF
VANCOUVER, Dec. 10 /CNW/ - MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has received the results of the Metallic Screen assays conducted on all samples from its recent reverse circulation drill program at the Crowsnest gold project in Southeastern B.C. These Metallic Screen assays were used to verify previous results in samples where coarse gold was found and have confirmed all assay results reported in our news release of November 24, 2009 including those from hole RC 09-7, which returned 19.03 grams per tonne (g/t) gold over 6.1 meters, including 1.5 meters of 50.26 g/t gold.
A total of 26 reverse circulation drill holes totaling 799 meters were completed and two new trenches were dug, sampled and drilled to the west of the original Discovery Trench area, where MAX sampled gossan mineralization in June that returned an assay of 104 g/t Au. Of the 26 holes drilled, seven holes (including RC 09-07) contained gold intercepts greater than 2 g/t over 1.5 meters and a further six drill holes returned values ranging from 0.5 g/t to 1.86 g/t Au over minimum 1.5 meter intervals. All mineralization was intercepted within 30 meters of surface. A map showing the location of the trenches and drill holes completed at Crowsnest is available on our web site at www.maxresource.com.
An extensive exploration program will be conducted in 2010 to extend the area of high grade mineralization at Crowsnest and test new targets identified during surface exploration and review of historic data. These include drill results reported by Goldrea Resources in 2002 that included:
- DDH 02-03, drilled 200 meters due south (up hill) from the Discovery
Trench, that intercepted 42.5 meters of 0.4 g/t, including 12 meters
of 1.05 g/t Au, and 3 meters of 2.58 g/t Au.
- DDH 02-09, drilled 100 meters east of DDH 02-03, that intercepted 9
meters of 0.44 g/t Au.
This area, as well as other areas of surface mineralization recently identified on the property, will be examined during the 2010 exploration program. The mineralized envelope at Crowsnest, as currently defined, appears to cover a surface area of 6,000 x 2,500 feet and is open in all four directions.
The Crowsnest gold project consists of 15 claims totaling 3,142 hectares located in Southeast B.C., one and one half hours by gravel road south of the town of Fernie. Crowsnest is one of two gold exploration properties in B.C. optioned from Eastfield Resources, as announced in our news release of July 27, 2009.
This news release has been reviewed by Clancy J. Wendt, P. Geo, a qualified person as that term is defined under National Instrument 43-101. The historic information provided has not been verified by MAX and is for reference only.
To view a video version of this press release, click here: http://www.youtube.com/watch?v=7wSj2xyC-EA
About MAX Resource Corp.
MAX Resource Corp. is a Canadian exploration company with a diversified portfolio of mineral exploration projects in Canada and the Western United States. We are currently focused on gold, with exploration underway on three gold properties in Nevada and one in British Columbia. 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.
SOURCE MAX Resource Corp.
For further information: For further information: Contact: Leonard MacMillan, Corporate Communication, Telephone: (866) 331-5088 or (604) 637-2140, firstname.lastname@example.org, www.maxresource.com