MAX Receives Drill Permit for East Manhattan Wash Gold Project, Nevada
12 Juni 2014 - 5:02PM
Marketwired
MAX Receives Drill Permit for East Manhattan Wash Gold Project,
Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 12, 2014) - MAX
Resource Corp. (TSX-VENTURE:MXR) (OTCBB:MXROF) (FRANKFURT:M1D) has
received approval from the U.S. Forest Service to begin drilling at
its East Manhattan Wash gold project in Nevada after July 15,
2014.
This program will drill test a surface soil anomaly exposed over
a surface area in excess of 1,650 m by 450 m that was identified by
soil sampling programs that were conducted by MAX between 2009 and
2013, with values returned ranging from 0.05 ppm to 1.5 ppm (1.5
g/t) Au. During an initial bulk sample conducted in 2009, MAX
recovered 4.9 g/t Au and 1.2 g/t Ag from a 793 pound sample taken
at surface. Mineralization appears to be free gold in a volcanic
lithic welded tuff that will be drill tested to determine the
overall depth of the gold mineralization, extend the known
mineralization below cover, and determine the overall grade.
While the total mineralized zone now exposed at surface
encompasses an area in excess of 1,650 m by 450 m in size, the
mineralized area is believed to be much larger but is covered by
either overburden or alluvium. Just north of this area, the very
small streams all contain free gold that can be recovered by
conventional gold panning techniques. Samples taken by other
companies that reviewed the property during 2010 and 2011 found
values up to 2.4 g/t Au in outcrop.
The sampling conducted at EMW has enabled MAX to identify
structural linear features seen in air photo images along with
argillic alteration and silicification that appears to define where
strong gold values may be found. Sampling of historic pits dug by
earlier prospectors has helped further define the areas of
mineralization and to confirm the presence of gold. A soil sampling
map is available on our web site at www.maxresource.com.
The EMW property is comprised of 78 claims (1,560 acres) located
in the Manhattan Mining District 40 miles north of the town of
Tonopah and eight miles south of the Round Mountain Mine (jointly
owned by Kinross and Barrick), a conventional open pit operation
that has produced more than 12 million ounces of gold to date. For
2013, Kinross Gold reported a proven and probable gold resource at
Round Mountain (net to its 50% interest) of 42.147 million tonnes
at 0.68 g/t Au.
Max has completed the first hole at its Majuba Hill
copper/silver project in Nevada (see our news release of May 2,
2014) and is in the process of logging and sampling the core for
analysis. This hole was drilled to a depth of 1,200 ft (365 m) on
the east side of Majuba Ridge to test a zone of high grade copper
and silver mineralization in outcrop (grades up to 7.72% Cu and 174
g/t Ag) sampled by Minterra Resources in 2007. Assay results will
be reported when available.
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 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.
Stuart Rogers, President
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.
MAX Resource Corp.Leonard MacMillanCorporate
Communication604-637-2140 or Toll Free:
1-866-331-5088info@maxresource.comwww.maxresource.comParadox Public
Relations514-341-0408Toll Free:
1-866-460-0408info@paradox-pr.ca
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