MAX assays greater than 100 g/t Au in mineralization exposed by new trenches at Crowsnest gold project; drilling completed
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When cleaning out and enlarging the original trench prior to drilling, new mineralization was exposed in the bottom of the trench that was not mentioned in previous reports. Although there were trenches dug in the area by prior operators, most did not excavate deep enough below the glacial till to reach bed rock. The two new trenches were dug by track hoe across a new trend and to depths not previously explored, exposing highly altered ferruginous mineralization.
The two new trenches, MT-2 and MT-3, have extended the mineralized zone two hundred meters to the west of the original discovery trench, MT-1. Mineralization was exposed over 20 to 40 meters along the bottom and sides of all three trenches. The central portion of the structural zone contains quartz from which was one sample was taken in each trench prior to channel sampling and the values obtained from these samples are reported below (MT-1, MT-2 and MT-3). In addition, two samples were taken of the contact zones between the highly mineralized host rock and surrounding limestone (MT-1B and MT-3B). The assay results from all five samples are as follows
MT-1: greater than 100 g/t Au MT-1B: 15.586 g/t Au MT-2: 0.985 g/t Au MT-3: 1.976 g/t Au MT-3B: 5.409 g/t Au
Prior to drilling, trenches MT-2 and MT-3 were channel sampled in 5 foot intervals for their entire length; assay results are pending. During the channel sampling, panning was done along the bottom of the trenches and visible gold was found, but no values were assigned or estimated as to the amount found other than fair, good, and very good. Drilling from within the trenches followed until weather conditions dictated the end of the field program for this year. The three activities, trenching, sampling and drilling, each encountered free gold and the correlation of data will create a better understanding of the gold bearing system.
The discovery trench area was discovered by Phelps Dodge Corporation in 1994 and trenched by Eastfield in 1999, resulting in a trench intercept of 8.57 g/t gold over 16.5 meters. A sample of gossan mineralization taken near this site by MAX in
The Crowsnest gold project consists of 15 claims totaling 3,142 hectares located in Southeast B.C., one and one half hours by gravel road south of the town of
This news release has been reviewed by Mr.
About MAX Resource Corp. ------------------------
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.