Catalyst for the Juniors with solid projects in Gold, Silver, Copper, Lithium, Graphite and Rare Earths will be the simple fact that you can not print any of these commodities. M&A activity in the sectors must confirm our observations - industry insiders know better where the real value is.
MAX drills 293 m of 5.49 g/t silver, 0.10 g/t gold and 0.09% copper in porphyry-style alteration zone with significant sulfides at Majuba Hill, NevadaMAX Resources continues to build on its discovery at Majuba Hill in Nevada:
"This hole was drilled 100 meters southeast of MAX's Phase I drilling, to test underneath the high grade supergene zone where MAX reported five holes intersecting high grade copper and silver oxide mineralization that included 96 m of 39.2 g Ag and 0.57% Cu starting at surface. Hole MM-20 was drilled due north at a -44 degree angle to a depth of 323.9 m"
MAX begins Phase III drill program at Majuba Hill copper/silver/gold oxide project in Nevada.
MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has resumed core drilling at the Majuba Hill copper/silver/gold project in Nevada. This Phase III drill program is permitted for up to 30 holes (5,000 m) that will test the southeast extension of near surface high grade supergene oxide mineralization identified by MAX at the historic Majuba Hill mine during 2011, as well as initiate delineation drilling at the DeSoto discovery zone 1.4 km to the northwest with a view to outlining an initial NI 43-101 compliant resource estimate by the end of the year.
During Phase I drilling in 2011, MAX intercepted high grade copper/silver oxide mineralization near surface over long intervals at the past producing Majuba Hill mine. Highlights of this drilling include:
- 96 m of 39.2 g/t Ag, 0.57% Cu and 0.10 g/t Au in hole MM-06
- 50.3 m of 50.8 g/t Ag, 0.31% Cu and 0.31 g/t Au in MM-07
- 42.7 m of 37.5 g/t Ag and 0.38% Cu in hole MM-03
During the fall of 2011 MAX drilled a further four step-out holes, with hole MM-18 intercepting 29.2 m of 30.5 g/t Ag and 0.69% Cu 1.4 km to the northwest at the high grade DeSoto soil anomaly, which currently measures approximately 2 km long by 1 km wide and returned values as high as 1.53% Cu and 209 g/t Ag in soils. This soil anomaly remains open to the south and east and appears to extend at least another 1 km to the northwest onto additional land (560 acres) acquired by MAX in April, 2012. On completion of hole MM-21, the drill rig will be moved to the DeSoto zone to begin an extensive drill program to determine the overall grade and areal extent of the high grade copper/silver oxide mineralization intercepted by hole MM-18.
Majuba Hill is the site of numerous past producing mines, with historic production reported of 12% Cu (Mason Valley Copper, 1918) and silver grades up to 40 oz/t Ag. Majuba Hill encompasses 2,568 acres of surface and mineral rights that includes patented lode mining claims. The property is easily accessed via 23 miles of well-maintained dirt roads leading from U.S. Interstate 80, and lies 30 miles northwest of Coeur d'Alene's Rochester silver mine, which contains a NI 43-101 compliant Measured and Indicated Resource of 263.9 million tons grading 0.46 oz/ton Ag and 0.004 oz/ton Au. (The Coeur Technical Report on the Rochester Mine is available on SEDAR). For more detailed information on the Majuba Hill copper/silver project, including maps showing the results of soil sampling and the drilling completed to date, please visit our web site at www.maxresource.com.
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. 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 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.
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