MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has split and assayed drill core from two holes recently drilled at its wholly-owned Diamond Peak gold/silver/zinc project in Nevada.
One of these holes, DP-02, contained an intercept of 0.588 g/t gold over 7.62 meters (25 feet) beginning at 155 feet, inclusive of a higher grade zone of 1.359 g/t gold over 1.52 meters (5 feet). Hole DP-02 was a vertical hole drilled at the same location as a 60 degree angle hole drilled by MK Gold in 1999 that reported 2.08 g/t Au over 5 feet. This zone has been targeted for follow-up drilling as soon as the drill rig becomes available in early December.
In addition, an outcrop sample recently taken from the silver zone in the southern portion of the property has returned an assay grade of 53.5 g/t silver. This silver zone was identified during extensive soil sampling conducted in September 2010, with assay results as high as 4.3 g/t and 1.9 g/t silver in soils confirming the high silver zone and its continuation to the east.
Additional soil sampling recently undertaken at Diamond Peak has also identified a further zinc zone on the west side of the northern part of the property that had not been previously drilled or sampled. This zone contains a sample grading 648 ppm Zinc. Zinc geochemistry along the northeastern side of the property remains open and contains values greater than 200 ppm Zn along 600 feet of strike length. This zone will be filled in with more geochemistry to the south and east to close off the mineralized system. All of these areas will be explored during the upcoming drill program.
The Diamond Peak Property is located at the southern end of the prolific Carlin Trend of Nevada, which contains numerous gold deposits. The property comprises 58 claims located 32 miles north of the town or Eureka, Nevada and the Archimedes gold deposit owned by Barrick Gold Corporation. Strong surface mineralization occurs in a 2 mile long band of silicified and intensely clay altered rocks, 200 to 300 feet wide, on the hanging wall side of a major north striking normal fault called the "West Fault". Drilling conducted by MK Gold in 1999 intercepted 5 feet of 1.93 g/t Au in hole DV 99-5, 5 feet of 2.08 g/t Au in hole DV 99-4 and 11.6 % of Zinc over 5 feet within 60 feet of surface along the West Fault in the Chainman formation (hole DV 99-15).
Analysis was performed by Inspectorate America Corp, an ISO certified facility in Sparks, Nevada, using fire assay and multi-element (ICP-ES) techniques. MAX has put in place a rigorous QA/QC program consistent with National Instrument 43-101 and best industry practice. The QA/QC program consists of a careful chain of custody of samples from the field to the laboratories, inclusion of standard and blank samples which were submitted to the laboratory with each batch of samples, and a check assay program on a proportion of sample pulps with a second laboratory in progress. Results from the QA/QC program have to date been satisfactory.
This news release has been reviewed by Mr. Clancy J. Wendt, P. Geo, a "qualified person" as that term is defined under National Instrument 43-101. The historic information provided has not been verified by MAX and is for reference only.
Source: MAX Resource Corp.