Posted in | Gold | Mining Business

Drilling Begins at MAX Resource’s East Manhattan Wash Gold Project

MAX Resource Corp. has commenced drilling at its East Manhattan Wash gold project in Nevada.

This eight hole (720 m) drill program will be the first known drilling to be conducted at East Manhattan Wash, where surface sampling by MAX has identified a soil anomaly exposed over a surface area in excess of 1,650 m by 450 m that returned values ranging from 0.05 ppm to 1.5 ppm (1.5 g/t) Au in soils. During an initial bulk sample conducted in 2009, MAX recovered 4.9 g/t Au and 1.2 g/t Ag from a 793 pound sample taken at surface. Mineralization appears to be free gold in a volcanic lithic welded tuff that will be drill tested to determine the overall depth of the gold mineralization, extend the known mineralization below the overburden and/or alluvium cover, and determine the overall grade.

The EMW property is comprised of 78 claims (1,560 acres) located in the Manhattan Mining District 40 miles north of the town of Tonopah and eight miles south of the Round Mountain Mine (jointly owned by Kinross and Barrick), a conventional open pit operation that has produced more than 12 Moz of gold to date. For 2013, Kinross Gold reported a proven and probable gold resource at Round Mountain (net to its 50% interest) of 42.147 million tonnes at 0.68 g/t Au.

Source: http://www.maxresource.com

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