Gold

MAX Resource Corp. (TSXV:MXR,OTCBB:MXROF,FWB:M1D) reported that it has received the assay results from the final four holes of an eight hole core drilling program completed at its Majuba Hill copper/silver project in Nevada.

MAX Resource Corp. (TSXV:MXR,OTCBB:MXROF,FWB:M1D) reported that it has received the assay results from the final four holes of an eight hole core drilling program completed at its Majuba Hill copper/silver project in Nevada.

As quoted in the press release:

.  Highlights of this drilling include:

          44.2 metres (m) of 71.0 grams per tonne (g/t) (2.28 oz/t) Ag and 1.14% Cu in hole MM-06;
50.3 m of 50.8 g/t (1.63 oz/t) Ag, 0.31 g/t gold and 0.31% Cu in hole MM-07; and
45.7 m of 15.4 g/t (0.50 oz/t) Ag and 0.56% Cu in hole MM-02

Holes MM-06, MM-07 and MM-02 were drilled to test results reported by Minterra Resource Corp. from a reverse-circulation drill program conducted in 2007 (see our news release of March 4, 2011).  This drilling confirms higher results for both copper and silver than previously reported by Minterra due to the improved sample recovery provided by core drilling. In addition, significant gold (Au) values were encountered in all drill holes; no gold assays had previously been reported by Minterra, nor finding native gold in the holes as we have.

MAX Resources VP Exploration, Clancy Wendt, P. Geo stated:

 “we are extremely pleased with these results from our drilling at Majuba Hill.  The significant intervals of high-grade silver and copper intercepted near surface in five of the eight holes, as well as the gold values recently encountered, confirm that Majuba Hill is a newly-defined copper/silver/gold porphyry system that is highly prospective for a bulk-tonnage, open pit deposit.”

Click here to read the MAX Resources (TSXV:MXR,OTCBB:MXROF,FWB:M1D) press release.

Click here to view the MAX Resources (TSXV:MXR,OTCBB:MXROF,FWB:M1D) profile.

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