Molybdenum

[Lone Clone]

Molybdenum exploration planned for Gold Hill Alaska
Tue Jul 17, 9:37 AM

http://ca.news.finance.yahoo.com/s/17072007/30/link-finance-news-molybdenum-exploration-planned-gold...

TSX-V Symbol: MXR

OTC BB Symbol: MXROF

VANCOUVER, July 17 /CNW/ - MAX Resource Corp. is pleased to announce that a drill rig has been shipped to Alaska and a 6,000-10,000 foot drill program is expected to begin the week of July 23rd. Permits have been obtained to explore the Gold Hill (the Claims) where significant molybdenum mineralization was previously intersected.

*The Company has determined that a drill program is necessary to create an updated, NI 43-101 compliant, geological data for the Claims and would be necessary to confirm the reliability and relevance of original target data contained in internal reports by Dome Mines Ltd., Cities Services Minerals, GCO Minerals of Huston, Texas, Amax Exploration Inc. and Hemlo Gold Mines (USA). At least 2,550 soil samples, 239 rock samples and 1,905 drill samples and an unknown number of channel samples from 2,900 feet of trenches have been taken on the property. Ground and airborne geophysical surveys have been taken over the property which originally identified magnetic highs which were followed up for base metal, specifically for molybdenum, mineralization.

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, 20, drill holes were drilled over the, then 4,960 acre, property. The drill holes tested numerous soil anomalies but only in the southwest side of Gold Hill were significant molybdenum mineralization intersected. The best of these, DDH 77-2, intersected quartz-molybdenum +/- copper grading 0-536 feet of 0.048% MoS2 with a higher grade interval from 350-500 of 0.094% MoS2. This area has never been followed up with modern exploration and contains a significant magnetic anomaly that coincides with the mineralization. Previous drilling never tested this magnetic feature and the surrounding sedimentary rocks. This area of skarn and silicification development and mineralization will be explored this year. There are no resources and reserve estimates relating to the Claims.

The table below shows other intervals that contained significant mineralization.

 
     Drill Hole    Interval        Mineralization 
  
     W.H. 76-1     60-120 feet     0.028% MoS2        0.0588% Cu 
     DDH 77-1      0-400 feet      0.0223% MoS2       0.0418% Cu 
     DDH 77-2      0-536 feet      0.048% MoS2 
     DDH GH-10     34-156.8        0.0427% MoS2 
     DDH GH-20     154-300         0.0235% MoS2 
     DDH GH-22     66-300          0.0317% MoS2 
     

These drill holes bottomed in mineralization and were never drilled to test the contact between the magnetic intrusive and the sedimentary host. The deepest drill hole during this time was one 500 foot angle drill hole drilled oblique to the strike of the beds. More modern exploration is needed to evaluate this mineralization.

*There has been a NI 43-101 Geological Report completed on the Gold

Hill project and the reader can visit Sedar for a review of the data. The

historic information provided is for reference only and the reader should

not infer or assert that the information is correct, reliable, relevant

or accurate and should not be relied upon. There are no resources and

reserve estimates relating to the Claims and the original target estimate

by Dome and Cities Service is historical in nature, has not been verified

by the issuer's qualified person, may not be relevant and should not be

relied upon.

Clancy J. Wendt has acted as the qualified person as defined in National Instrument 43-101 for this disclosure and supervised the preparation of the technical information in this news release.

About MAX Resources

MAX Resource Corp. is a Canadian mineral exploration company focused on Uranium exploration, with properties in the U.S. and Canada. In addition, it holds highly prospective gold properties in Nevada and Alaska that have additional potential for Molybdenum (Alaska) and Zinc (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"

Stuart Rogers

President

THE CONTENTS OF THIS NEWS RELEASE HAVE NEITHER BEEN APPROVED NOR

DISAPPROVED 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.

Contacts

Leonard MacMillan
Corporate Communication
Telephone: [phone] or [phone]
[e-mail]
www.maxresource.com