MAX to Drill Test Ridge of High Grade Copper and Silver Mineralization Sampled at Majuba Hill, Nevada; Outcrop Samples Return...
February 05 2014 - 7:00AM
Marketwired Canada
MAX Resource Corp. (TSX VENTURE:MXR)(OTCBB:MXROF)(FRANKFURT:M1D) has identified
and mapped a ridge of high grade copper/silver mineralization at Majuba Hill
that will be drill tested as soon as weather permits. This high grade
mineralization sampled at surface and in a short adit has been intersected at
depth by MAX during drilling in 2012 (hole MM-21) and Minefinders in 1975 (MF-1)
and was identified during review of sampling results recorded by a prior
operator, Minterra Resources, in 2007 and never reported in their entirety. MAX
has now mapped the high grade samples and they highlight a zone 250 meters
across that outcrops on Majuba Ridge. The samples highlighted on this map
include:
Sample Number Cu Ag
-----------------------------
MHR-160 2.9% 32 g/t
MHR-157 3.0% 38 g/t
MHR-158 4.07% 32 g/t
MHR-159 2.95% 29 g/t
MHR-25 7.72% 90 g/t
MHR-26 2.16% 53 g/t
MHR-145 4.16% 174 g/t
MHR-27 1.42% 19.6 g/t
The location of these samples is provided on a map available on our web site at
www.maxresource.com.
MAX's drill hole MM-21 is located approximately 250 m southeast of the middle
portal of the past producing Majuba Hill mine, where MAX drilling in 2011 high
grade copper/silver supergene oxide mineralization over long intervals. Hole
MM-21 was drilled at -45 and an azimuth of 068 and intercepted 332 m @ 12 g/t Ag
and 0.13% Cu beginning at 12 m from surface and appears to have intersected the
surface mineralization identified above at depth.
According to data obtained by MAX, Minefinders Exploration drilled hole MF-1 a
further 250 meters to the southeast of hole MM-21 at an azimuth of 288 and a -54
angle to a total depth of 707 meters. This information was obtained from a
reliable source but readers are cautioned that this information predates NI
43-101 and may not be NI 43-101 compliant; it is provided for information
purposes only and should not be relied upon. No qualified person has verified
the information on behalf of MAX. Hole MF-01 was assayed on 3 meter intervals
and contained 155.4 m @ 9.23 g/t Ag and 0.221% Cu starting at a down hole depth
of 220 meters. Minefinders hole MF 2 was drilled at the same location as MAX's
hole MM-17 to a depth of 387 m and intercepted 30.5 m @ 0.60% Cu from 85.3 m to
115.8m. It also contained 91.4 m @ 11.2 g/t Ag from 42.7 m to 134.1 m, inclusive
of 9.1 m @ 53.0 g/t. These drill results, combined with the results from our
hole MM-21, serve to expand the known mineralized silver/copper zone for 500 m
to the southeast and to a depth of at least 350 m from surface. A map showing
drilling locations from previous exploration programs at Majuba Hill, as well as
the location of MM-21 and MF-1, is available on our web site at
www.maxresource.com.
Twenty nine (29) rock select, chip, and grab samples were taken from outcropping
mineralization, historic prospect pits, and an underground adit in this area of
Majuba Ridge. Values obtained ranged from 80 ppm Cu and 2.65 ppm Ag to 7.72% Cu
and 174 ppm Ag. This sampling was completed in 2007 by Buster Hunsaker, P.Geo,
who is a "qualified person" as that term is defined under National Instrument
43-101 and has reviewed the technical information in this news release.
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 Mining'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.
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.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
MAX Resource Corp.
Leonard MacMillan
Corporate Communication
604-637-2140 or Toll Free: 1-866-331-5088
info@maxresource.com
www.maxresource.com
Paradox Public Relations
514-341-0408 or Toll Free: 1-866-460-0408
info@paradox-pr.ca
Max Resource (TSXV:MXR)
Historical Stock Chart
From Nov 2024 to Dec 2024
Max Resource (TSXV:MXR)
Historical Stock Chart
From Dec 2023 to Dec 2024