MAX Commences Drilling at Majuba Hill Copper/Silver Project in Nevada
May 20 2014 - 8:00AM
Marketwired
MAX Commences Drilling at Majuba Hill Copper/Silver Project in
Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 20, 2014) - MAX
Resource Corp. (TSX-VENTURE:MXR)(OTCBB:MXROF)(FRANKFURT:M1D) has
commenced core drilling at the Majuba Hill copper/silver project in
Nevada. Drilling will test a ridge of high grade copper/silver
oxide mineralization sampled by Minterra Resources in 2007 that
returned grades of up to 7.72% Cu and 174 g/t Ag in outcrop and has
been intersected at depth by MAX during drilling in 2012 (332 m @
12 g/t Ag and 0.13% Cu in hole MM-21). MAX has now mapped the high
grade samples taken by Minterra and they highlight a zone 250
meters across in outcrop that will be tested during this drill
program. A map indicating the location of this drilling is
available on our website at www.maxresource.com. The Minterra
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% |
90g/t |
•
MHR-26 |
2.16% |
53 g/t |
•
MHR-145 |
4.16% |
174 g/t |
•
MHR-27 |
1.42% |
19.6 g/t |
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 intercepted high grade copper/silver supergene
oxide mineralization over long intervals that included:
- Hole MM-07: 50.3 m of 50.8 g/t Ag, 0.31 g/t gold and 0.31%
Cu
- Hole MM-06: 96.0 m of 39.2 g/t Ag and 0.57% Cu, including 44.2
m of 71.0 g/t Ag, 0.15 g/t Au and 1.14% Cu
- Hole MM-03: 42.7 m of 37.5 g/t Ag and 0.38% Cu
A map showing drilling locations from previous exploration
programs conducted by MAX at Majuba Hill is available on our
website 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 to be drilled at 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
website 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 website 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.
MAX Resource Corp.Leonard MacMillanCorporate
Communication604-637-2140 or Toll Free:
1-866-331-5088info@maxresource.comwww.maxresource.comParadox Public
Relations514-341-0408Toll Free:
1-866-460-0408info@paradox-pr.ca
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