MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has now received complete assay results from its wholly-owned Table Top gold project in Humboldt County, Nevada.
The results include an intercept of 12.1 m of 0.91 g/t gold in hole MT-15, inclusive of the 9.1 m of 1.09 g/t Au previously reported. Drilling will resume when weather permits.
Max drilled two holes to test the down dip extension of the mineralized structure intersected in its drill program in early 2010 to a new depth in the 250-1000 foot (76.2 - 304.8 meters) zone. The drilling intersected the previous mineralized structures in both drill holes and confirms that the mineralization extends to depth.
Assays received in December from MT-15 showed ore grade mineralization (9.1 m of 1.09 g/t Au) starting at a depth of 230.1 m. The drill core intervals immediately above this intercept were not originally assayed but were visually similar to the ore grade intervals. Assay results from these intervals have now been received and two adjacent intervals immediately above the previously reported interval assayed at 0.77 g/t Au and 0.69 g/t Au respectively, extending the overall mineralized zone to 12.1 m of 0.91 g/t Au.
Hole MT-15 was drilled to a final depth of 1064.5 feet (324.5 m). There is a very anomalous zone, greater than 97 ppb, from 630 feet to 740 feet in rocks that appear to be very permissive for mineralization. This zone has not been seen at the surface and opens an additional area for exploration. Further drilling, to be conducted when weather permits, will target the mineralized system down dip and along strike, exploring for higher grade gold within the sedimentary (stibnite and calcite bearing carbonate rocks) package.
All mineralized core from this drill program was split and submitted for assay to Inspectorate America Corp, an ISO certified Laboratory in Reno, Nevada.
Table Top is located along the Kings River Rift, a regional geologic feature that appears to control mineralization in the area and which hosts multiple high-grade vein-related gold systems. Along this trend is AMAX's Sleeper Canyon Mine (2.5 MM oz Au produced), located 25 miles to the north, the Goldbanks gold occurrence located 37 miles to the south, and the Sandman gold deposits (a joint venture between Newmont Mining Corporation and Fronteer Development Group Inc.) immediately to the north, where drilling by Newmont continues to highlight the high-grade nature of near-surface gold mineralization.
This news release has been reviewed by 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.