TSX-V Symbol:
MXR
OTC BB Symbol: MXROF
Frankfurt: M1D
VANCOUVER,
Sept. 15, 2011 /PRNewswire/ - MAX
Resource Corp. (TSXV: MXR); (OTCBB: MXROF); (Frankfurt: M1D)
has received and mapped the results of an extensive soil sampling
program recently completed at its Majuba Hill copper/gold/silver
project in Pershing County,
Nevada. A total of 834 soil samples were taken across
a surface area in excess of 5,000 by 2,500 meters (m) with assay
results obtained as high as 1.53% Cu and 209 g/t Ag.
Assay results are pending from an eight hole drill program
completed in August.
On the northwest side of the Majuba Hill
property, on unpatented land, assay results in soils ranged from
1.8 ppm Cu to as high as 15,300 ppm (1.53%) Cu and from nil to as
high as 209 g/t Ag. This area is being permitted for drilling
in late fall.
Sampling was also undertaken on the newly
identified "Ball Park" target area 1 km east of the Copper Stope
target area (where drilling was recently completed), following up
on previously reported sample values of 106 g/t Ag and 3.6% Cu in
outcrop. Soil samples taken by MAX from this area returned values
from 61.2 ppm to 132 ppm Cu and from 0.16 ppm to 2.5 g/t silver;
this area is also being permitted for drilling this fall.
In addition, MAX has acquired historic reports
prepared by the United States Bureau of Mines (USBM Report of
Investigations #4378, 1948) that reported assay results from
drilling undertaken at the past producing Majuba Hill mine in
1943. The USBM drilled two short horizontal holes into the
walls of the drifts, aimed toward the west. The first hole averaged
0.73% Cu over its entire length of 46 feet and 0.75 opt Ag over 16
feet. The second hole contained 2.0% Cu and 0.70 opt Ag over
the entire 45 feet. This area, underneath the Copper Stope,
will be explored during the coming fall drill program.
In 2008, Minterra Resource Corp. reported drill
results from Majuba Hill that included 145 feet at 1.85 opt
Ag and 0.49% Cu, inclusive of 15 feet at 5.1 opt Ag
(hole MH-6) and 100 feet at 0.99 opt Ag, inclusive of 15
feet at 4.0 opt Ag (hole MH-5). Of 7 holes drilled
by Minterra at the Copper Stope target, 6 holes reported currently
economic grades of copper/silver mineralization. MAX recently
completed an eight hole drill program to test these drill results
as well as other target areas; all core has now been split and
submitted to the laboratory, with assay results pending.
MAX believes that Majuba Hill is a newly defined
large scale intrusive-type porphyry system that is highly
prospective for the discovery of new zones of economic
copper/silver mineralization. The site of numerous past producing
mines, with historic production reported of 12% Cu (Mason Valley Copper in 1918) and silver grades
up to 40 opt Ag, Majuba Hill encompasses 2,568 acres of surface and
mineral rights that includes patented lode mining claims. The
property lies 30 miles northwest of Coeur d'Alene's Rochester mine (which has produced 127 million
ounces of silver and 1.5 million ounces of gold since 1986) and is
easily accessed via 23 miles of well-maintained dirt roads leading
from U.S. Interstate 80. For more detailed information on the
Majuba Hill copper/silver project, including project and soil
sampling maps, 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 with a diversified portfolio of mineral exploration
projects in the Western United
States. We are currently focused on precious metals in
Nevada, where four gold and silver
properties are being actively explored in 2011. 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.