Phase II Drill Program in Majuba Hill, Nevada Completed

MAX Resource Corp. (TSXV:MXR,OTCBB:MXROF, FWB:M1D) announced the completion of additional soil sampling and a Phase II core drilling program at its Majuba Hill copper/silver project in Nevada. Earlier this year, long intervals of high-grade silver and copper near surface in five of eight holes, as well as significant gold intercepts, were encountered during drilling.

As quoted in the press release:

Four holes were drilled to test new target areas identified during mapping, data compilation and soil sampling conducted at Majuba Hill during 2011 (see our news release of September 15, 2011). The first drill hole of the program (MM-17) was collared on the “Ball Park” target area immediately to the east of our Phase I drill program completed this summer, where drill results included intercepts of 44.2 m of 71.0 g/t silver (Ag) and 1.14% copper (Cu) commencing within 5 feet of surface in hole MM-06. Hole MM-17 is located approximately 730 meters to the east of hole MM-06 and was the first of two holes planned to test the eastern extension of the high grade mineralized zone we’ve identified at Majuba Hill. The other hole in this area, MM-20, was drilled approximately 150 meters to the south east of hole MM-06 to test mineralization identified by previous operators underneath the past producing Majuba Hill mine.

The second and third holes of the program (MM-18 and MM-19) were drilled to test a mineralized zone identified during soil sampling conducted 1.4 km to the northwest of hole MM-06 and were collared near the past producing DeSoto silver mine. A total of 834 soil samples were taken at Majuba Hill during the summer of 2011 and identified a copper/silver soil anomaly at DeSoto approximately 1.5 km long by 500 m wide that remains open to the south and east and returned values as high as 1.53% Cu and 209 g/t Ag in soils. In addition to drilling, MAX completed an additional 137 sample soil geochemistry program at DeSoto to test the southern limits of this newly defined soil anomaly, with assay results from both drilling and sampling expected in January 2012.

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