Max completes soil sampling at Diamond Peak gold/silver/zinc property in Nevada; drill permit granted
Max completes soil sampling at Diamond Peak gold/silver/zinc property in Nevada; drill permit granted
Sep. 22, 2010 (PR Newswire) --
TSX-V Symbol: MXR
OTC BB Symbol: MXROF
Frankfurt: M1D
VANCOUVER, Sept. 22 /PRNewswire-FirstCall/ - MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) is pleased to announce that is has completed an extensive soil sampling program on its 100% owned Diamond Peak gold/silver/zinc project in Nevada and has been granted a permit by the Bureau of Land Management for a core drilling program to be conducted in November. A total of 375 soil samples were collected and assay results are pending.
The Diamond Peak Property is located at the southern end of the prolific Carlin Trend of Nevada, which contains numerous gold deposits. The property now comprises 58 claims located 32 miles north of the town or Eureka, Nevada and the Archimedes gold deposit owned by Barrick Gold. Strong surface mineralization occurs in a 2 mile long band of silicified and intensely clay altered rocks which is 200 to 300 feet wide. The hanging wall side of this zone is a north striking normal fault, called the West Fault.
MAX's drill program will follow up on:
- an outcrop sampled by MK Gold that contained 3.7 ounces of silver per
ton, which has potential to host a Carbon Replacement Deposit ("CRD")
and was never followed up on;
- the 11.6% zinc zone intercepted within 60 feet of surface by MK Gold
in 1999;
- a zone of mineralization which contains anomalous zinc, lead, and
silver; and
- extensive gold targets on the property and new claims acquired to the
east that are being defined by the recent soil sampling program.
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.
About MAX Resource Corp.
------------------------
MAX Resource Corp. is a Canadian exploration company with a diversified portfolio of mineral exploration projects in the Western United States. We are currently focused on gold, with three Nevada gold properties, Table Top, East Manhattan Wash and Diamond Peak, being actively explored this fall. 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
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.
Leonard MacMillan, Corporate Communication, Telephone: (866) 331-5088 or (604) 637-2140, info@maxresource.com, www.maxresource.com
Source: PR Newswire (September 22, 2010 - 3:18 PM EDT)
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