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MAX BEGINS DRILL PROGRAM AT GOLD
HILL MOLYBDENUM PROJECT, ALASKA
MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) is pleased to announce
that drilling has commenced at Gold Hill in Alaska, following up on a five hole
drill program MAX conducted in 2007 that intersected significant molybdenum
mineralization (MoS2) over long intervals starting at surface and ending in
mineralization at depth in four of the holes.
MAX�s 2007 drill program was testing a broad
Molybdenum/Copper/Gold geochemistry and geophysical magnetic anomaly covering
at least a 700 by 800 meter area.� Highlights
from the 2007 drill program included:
DH-07-01 - 250 feet of 0.080% MoS2
DH-07-03 - 1000 feet of 0.058% MoS2 (including 45 feet of 0.18% MoS2)
DH-07-04 - 250 feet of 0.0603% MoS2
DH-07-05 - 352 feet of 0.0706% MoS2
This first drill hole of the 2008 program will
test the zone to the east of drill hole DH-07-05 and examine the continuation
of the high grade mineralization encountered in drill hole DH-07-01 and under
drill hole DH-07-03.
Drill hole DH-07-05 was an angled drill hole
designed to test across the mineralization that was intersected in drill holes
DH-07-02 and DH-07-03.� The hole did not
cut the entire interval and mineralization was visibly increasing at the bottom
of the drill hole as it neared the projection of the main zone.� This hole will be continued this drill
season.
Prior drilling reported by the New Alaska
Syndicate (Cities Services Minerals and Dome Mines Ltd.) at Gold Hill in the
1970�s included drill hole DDH 77-2, which intersected quartz-molybdenum +/-
copper grading 536 feet of 0.048% MoS2,
starting at surface, with a higher grade interval from 350-500 of 0.094% MoS2.�� Their drilling never tested the significant
magnetic anomaly that coincides with the mineralization or the surrounding
sedimentary rocks.� Further, six of these
drill holes, which will be tested this year, bottomed in mineralization and
were never drilled to test the contact between the magnetic intrusive and the
sedimentary host. The deepest drill hole during this time was one 500 foot
angle drill hole drilled oblique to the strike of the sediments.�
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The Gold Hill property comprises 8,520 acres
located approximately 212 miles north northeast of Anchorage
and is accessible to within five air miles of the property by the all-weather
unpaved Denali
Highway (State Highway
8).
�
A National Instrument 43-101
Geological Report was completed on the Gold Hill project in July 2004 and can
be viewed on SEDAR or at www.maxresource.com.� The historic information provided in this
news release is for reference only and the reader should not infer or assert
that the information is correct, reliable, relevant or accurate and should not
be relied upon. There are no resources and reserve estimates relating to the Claims
and the original target estimate by Dome and Cities Service is historical in
nature, has not been verified by the issuer�s qualified person, may not be
relevant and should not be relied upon. �
Clancy J. Wendt, P. Geo., has acted as the
qualified person for this disclosure, as defined in NI 43-101, and has
supervised the preparation of the technical information in this news
release.�
About MAX Resources
MAX Resource Corp. is a Canadian exploration company with a diversified portfolio of mineral exploration projects in Canada and the Western United States. Our properties include Uranium projects in the south western U.S. and northern Canada, Molybdenum in Alaska and Nevada, and Gold in Nevada and British Columbia.� 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�
Stuart Rogers
President
Contact: Leonard
MacMillan, Corporate Communication
Telephone: 800 248 1872 or 604
637 2140
info@maxresource.com��� www.maxresource.com
THE CONTENTS OF THIS NEWS RELEASE HAVE NEITHER BEEN
APPROVED NOR DISAPPROVED BY THE TSX VENTURE EXCHANGE.
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.