MAX to Drill Test Ridge of High Grade Copper & Silver Mineralization Sampled at Majuba Hill, Nevada; Outcrop Samples Returned...
February 05 2014 - 7:00AM
Marketwired
MAX to Drill Test Ridge of High Grade Copper and Silver
Mineralization Sampled at Majuba Hill, Nevada; Outcrop Samples
Returned Grades of Up to 7.72% Cu (MHR-25) and 174 g/t Ag (MHR-145)
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 5, 2014) - MAX
Resource Corp. (TSX-VENTURE:MXR)(OTCBB:MXROF)(FRANKFURT:M1D) has
identified and mapped a ridge of high grade copper/silver
mineralization at Majuba Hill that will be drill tested as soon as
weather permits. This high grade mineralization sampled at surface
and in a short adit has been intersected at depth by MAX during
drilling in 2012 (hole MM-21) and Minefinders in 1975 (MF-1) and
was identified during review of sampling results recorded by a
prior operator, Minterra Resources, in 2007 and never reported in
their entirety. MAX has now mapped the high grade samples and they
highlight a zone 250 meters across that outcrops on Majuba Ridge.
The samples highlighted on this map include:
Sample Number |
Cu |
Ag |
|
|
|
MHR-160 |
2.9% |
32
g/t |
|
|
|
MHR-157 |
3.0% |
38
g/t |
|
|
|
MHR-158 |
4.07% |
32
g/t |
|
|
|
MHR-159 |
2.95% |
29
g/t |
|
|
|
MHR-25 |
7.72% |
90
g/t |
|
|
|
MHR-26 |
2.16% |
53
g/t |
|
|
|
MHR-145 |
4.16% |
174
g/t |
|
|
|
MHR-27 |
1.42% |
19.6
g/t |
The location of these samples is provided on a map available on
our web site at www.maxresource.com.
MAX's drill hole MM-21 is located approximately 250 m southeast
of the middle portal of the past producing Majuba Hill mine, where
MAX drilling in 2011 high grade copper/silver supergene oxide
mineralization over long intervals. Hole MM-21 was drilled at -45
and an azimuth of 068 and intercepted 332 m @ 12 g/t Ag and 0.13%
Cu beginning at 12 m from surface and appears to have intersected
the surface mineralization identified above at depth.
According to data obtained by MAX, Minefinders Exploration
drilled hole MF-1 a further 250 meters to the southeast of hole
MM-21 at an azimuth of 288 and a -54 angle to a total depth of 707
meters. This information was obtained from a reliable source but
readers are cautioned that this information predates NI 43-101 and
may not be NI 43-101 compliant; it is provided for information
purposes only and should not be relied upon. No qualified person
has verified the information on behalf of MAX. Hole MF-01 was
assayed on 3 meter intervals and contained 155.4 m @ 9.23 g/t Ag
and 0.221% Cu starting at a down hole depth of 220 meters.
Minefinders hole MF 2 was drilled at the same location as MAX's
hole MM-17 to a depth of 387 m and intercepted 30.5 m @ 0.60% Cu
from 85.3 m to 115.8m. It also contained 91.4 m @ 11.2 g/t Ag from
42.7 m to 134.1 m, inclusive of 9.1 m @ 53.0 g/t. These drill
results, combined with the results from our hole MM-21, serve to
expand the known mineralized silver/copper zone for 500 m to the
southeast and to a depth of at least 350 m from surface. A map
showing drilling locations from previous exploration programs at
Majuba Hill, as well as the location of MM-21 and MF-1, is
available on our web site at www.maxresource.com.
Twenty nine (29) rock select, chip, and grab samples were taken
from outcropping mineralization, historic prospect pits, and an
underground adit in this area of Majuba Ridge. Values obtained
ranged from 80 ppm Cu and 2.65 ppm Ag to 7.72% Cu and 174 ppm Ag.
This sampling was completed in 2007 by Buster Hunsaker, P.Geo, who
is a "qualified person" as that term is defined under National
Instrument 43-101 and has reviewed the technical information in
this news release.
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.
MAX Resource Corp.Leonard MacMillanCorporate
Communication604-637-2140 or Toll Free:
1-866-331-5088info@maxresource.comwww.maxresource.comParadox Public
Relations514-341-0408 or Toll Free:
1-866-460-0408info@paradox-pr.ca
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