MAX Drills 222.6 m @ 0.27% Cu and 10.1 g/t Ag, Inclusive of 117.4 m @ 0.43% Cu and 12.0 g/t Ag, in Oxides at Majuba Hill, Nev...

MAX Resource Corp. (TSX VENTURE:MXR) (OTCBB:MXROF) (FRANKFURT:M1D) has received
assays from the first core hole drilled at it's Majuba Hill silver/copper/gold
project in Nevada in June 2014. This first hole, MMX-24, was drilled to a depth
of 365.8 metres ("m") and intercepted 222.6 m @ 0.27% Cu and 10.1 g/t Ag,
inclusive of 117.4 m @ 0.43% Cu and 12.0 g/t Ag. MMX-24 was drilled roughly
parallel to and 85 m northwest and 25 m below the collar of MAX's hole MM-21,
drilled in 2012, which intersected 332 m @ 0.13% Cu and 12 g/t Ag. 


Drill hole MMX-24 was drilled from the opposite side of Majuba Ridge as hole
MM-21 and successfully tested the down-dip extension of copper/silver
mineralization intercepted by MM-21, hole DDH-4 drilled by Freeport in 1940's,
and hole MF-1 drilled by Minefinders in 1974. The alteration of the
mineralization is mainly potassium feldspar and quartz and the probable copper
mineralization is chalcocite and the silver mineral acanthite and or
chloargyrite. Alteration is increasing as the holes are extended to depth and
appear to be continuous. MMX-24 and MM-21 both intersected mineralization
exposed at surface as copper oxides running as high as 7.72% Cu (see our news
release of February 5, 2014). 


MMX-24 was collared approximately 415 m east-northeast 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



Significant intervals from MMX-24 are summarized in the following table:



----------------------------------------------------------------------------
    Hole   Azimuth Angle   Total     From    To     Thickness    Cu     Ag  
                           Depth      (m)    (m)       (m)       (%)  (g/t) 
----------------------------------------------------------------------------
   MMX-24   235.6  -43.9  365.8 m    114.3  336.9    222.6 m    0.27%  10.1 
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
  includes                           219.5  336.9    117.4 m    0.43%  12.0 
----------------------------------------------------------------------------
  includes                           219.5  288.1     68.6 m    0.61%  11.6 
----------------------------------------------------------------------------



Maps indicating the location of this drill hole as well as locations from
previous programs at Majuba Hill are available on our web site at
www.maxresource.com.


Analysis was performed by Bureau Veritas (Inspectorate), an ISO certified
facility in Reno, Nevada, using multi-element method MA330 (ICP-ES) techniques
producing assays for a 30 element suite of minerals. Over-limit analyses were
performed according to procedure MA410. No analysis was conducted for gold.
Standards, duplicates and blanks were used for quality control of the samples.
After the core is logged for each drill hole, the location of each site is
located using a GPS in UTM coordinates using NAD 83 datum. The core is then
hydraulically split and put into a sample bag which is labeled for each interval
and taken from the core facility to the Bureau Veritas laboratory. 


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


Paradox Public Relations
514-341-0408 or Toll Free: 1-866-460-0408
info@paradox-pr.ca
Max Resource (TSXV:MXR)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024