MAX completes bulk sample of high grade gold zones at East Manhattan Wash, Nevada
TSX-V Symbol: MXR
OTC BB Symbol: MXROF
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Three soil sampling grids were completed in
The first two grids are located in a volcanic rhyolite lithic tuff hosting coarse gold. These areas, the “Gold Pit” and the “Old Drill Hole Grid”, were sampled first by clearing a 1 meter by 1 meter area of surface debris then removing the organic (A) and root (B) soil horizons in turn. The sample was collected and consisted of a mixture of the soils directly above the bedrock (C horizon) and a portion of the bedrock below the soil. The sample was then sieved to 1/4 inch minus then bagged.
These holes ranged from 12 inches to 48 inches in depth. Each hole location was identified with a 16 inch wooden stake labeled with an aluminum tag and backfilled to minimize disturbance. This technique was used to look at a small representative area and obtain any coarse gold trapped in the bedrock fractures.
The third grid, the “Gold Shaft,” is located in an altered inter-bedded phyllite, quartzite and limestone. These holes ranged from 4 inches to 12 inches in depth.
The “Old Drill Hole Grid” consists of 58 soil samples on 25 meter (82 feet) spacing and covers an area of approximately 900 feet by 400 feet. This area was drilled by a previous operator. The drill holes look to be very shallow and no data is available.
The “Gold Pit Grid”, located approximately 500 feet west of the Old Drill Hole Grid, consists of 30 soil samples on 25 meter spacing and covers an area of approximately 800 by 200 feet. This area contains the old prospector’s pit from which our recent bulk sample grading 4.9 g/t gold and 1.2 g/t silver was collected (see our news release dated
The third grid, the “Gold Shaft Grid”, consists of 30 soil samples on 25 meter spacing and covers an approximately 500 feet by 400 feet area with a single line running west from the main part of the grid along a ridge. This grid is located approximately 7,000 feet south of the “Gold Pit Grid”. The geology of the “Gold Shaft” area consists of high angle, east striking altered inter-bedded phyllites, quartzites and limestones. These units are cut by high angle, northeast striking structures. The sediments are in contact with a granite to the west.
The soil samples are currently being analyzed by ALS Laboratory Group (Chemex) in
About the Manhattan Mining District,
More than 1,000,000 ounces of gold have been mined in the Manhattan Mining District. Production has included the nearby
The current exploration model suggests that deposits that will be found in the
The EMW property is comprised of 133 claims (2,660 acres) located 40 miles north of the town of
This news release has been reviewed by Mr.
About MAX Resource Corp.
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MAX Resource Corp. is a Canadian based exploration company with a diversified portfolio of mineral exploration projects in
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.
