MAX Receives Assay Results From Drilling at East Manhattan Wash Gold Project, Nevada
September 12, 2014 (Source: Marketwired) — MAX Resource Corp. (TSX VENTURE:MXR)(OTCBB:MXROF)(FRANKFURT:M1D) has received drill results from two holes drilled at its East Manhattan Wash (“EMW”) gold project in Nye County, Nevada this summer. The two holes reported today were drilled vertically to a depth of 39.3 m and 38.1 m respectively to determine the overall depth of gold mineralization identified in soil sampling conducted by MAX in 2013 that returned values ranging from 0.05 ppm to 1.5 ppm (1.5 g/t) Au in soils over an extensive surface area.
Both drill holes returned anomalous gold throughout their entire length. The best drill result was from hole EMW-02, which returned 13.7 m of 0.106 g/t Au beginning at a depth of 1.5 m, with hole EMW-07 returning 7.62 m of 0.034 g/t Au. A further five drill holes are still awaiting assay.
While we are disappointed with the results from these two drill holes, we were encouraged to find such extensive mineralization in surface samples taken from the caldera rim. Widespread shallow gold intercepts are generally indicative of the large to very large precious metals system which occurs along the south edge of the Manhattan Caldera in the Toquima Range and hosts the Round Mountain and Manhattan multi-million ounce gold deposits.
This drill data we now have will be considered, in conjunction with the extensive surface sampling data we have compiled, in identifying targets for future exploration at EMW, which may include targeting higher grade vein systems at depth, which is what the Manhattan mining district is primarily known for.
Analysis was performed by Inspectorate American Corp. Laboratories, an ISO certified facility in Reno, Nevada, using fire assay and multi-element (ICP-ES) techniques producing assays for a 14 element suite of minerals. Standards and duplicates were used for quality control of the samples. A larger 50 gram fire assay aliquot was used to obtain a more representative assay for potential coarse gold in the sample. After the core is logged for each drill hole, the location of each site is located using a GPS in UTM coordinates using NAD 27 datum. The core is then split and put into a sample bag which is labeled for each interval and a sample card tag put in each sample bag and taken from the core facility to the Inspectorate Laboratories.
The EMW property is comprised of 23 claims 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.
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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.
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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>