| | Publié le 15 mars 2012 | drills 293 m of silver, gold and copper at Majuba Hill, Nevada |
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MARCH , 2012 |
TSX-V: MXR |
MAX drills 293 m of 5.49 g/t silver, 0.10 g/t gold and 0.09% copper in porphyry-style alteration zone with significant sulfides at Majuba Hill, Nevada
MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has received assay results from hole MM-20, the final hole drilled during a step out drill program completed at its Majuba Hill copper/silver/gold project in Nevada during the fall of 2012.
Highlights:
- Hole MM-20 intercepted 293 m of 5.49 g/t Ag, 0.10 g/t Au and 0.09% Cu in sulfide mineralization in a porphyry-style alteration zone discovered below the high grade Ag/Cu/Au oxide zone identified by MAX during Phase I drill in early 2011 (see our news release of October 25, 2011)
- Gold mineralization grading 0.145 g/t Au was intercepted over the final 116 m of Hole MM-20, which was still in mineralization when terminated at the planned target depth due to inclement weather.
- This hole was drilled 100 meters southeast of MAX�s Phase I drilling, to test underneath the high grade supergene zone where MAX reported five holes intersecting high grade copper and silver oxide mineralization that included 96 m of 39.2 g Ag and 0.57% Cu starting at surface. Hole MM-20 was drilled due north at a -44 degree angle to a depth of 323.9 m
- Hole MM-20 intersected sulfide mineralization, below the supergene (oxide) mineralization zone, that contains Chalcopyrite, Pyrite and Molybdenite in a hydrothermally altered mineralized zone indicative of the primary zone of a porphyry system.
- Permitting is underway for 5,000 m Phase III drill program that will continue to test the high grade supergene mineralization above the primary zone intercepted by hole MM-20 as well as initiate delineation drilling at the DeSoto discovery zone 1.4 km to the northwest with a view to outlining an initial NI 43-101 compliant resource estimate by the end of the year.
The following table summarizes the intervals and grades identified in Hole MM-20:
Total Depth |
From
(m) |
To
(m) |
Thickness (m) |
Silver
(Ag) |
Gold
(Au) |
Copper
(Cu) |
Molybdenum
(Mo) |
|
|
|
|
|
|
|
|
323.9 m |
31.1 |
323.9 |
292.8 |
5.49 g/t |
0.10 g/t |
0.09% |
.008% |
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|
|
|
|
|
|
|
Includes |
207.3 |
323.9 |
116.6 |
6.3 g/t |
0.145 g/t |
0.13% |
0.013% |
Clancy Wendt, VP Exploration of MAX, states �We are very impressed by this intersection of the primary zone and slightly hydrothermally altered mineralization in this first deep hole at Majuba Hill. The increase in gold and molybdenum mineralization at depth and the long intersections of mineralization add more evidence that Majuba Hill is an extensive copper/silver/gold porphyry system that is highly prospective for the development of a bulk-tonnage open pit deposit. This discovery allows us to concentrate on defining the supergene system located above this zone, with drilling in 2012 to test the extension of high grade oxide mineralization from the Copper Stope to the southeast along the ridge above hole MM-20.�
A map showing drilling locations from the 2011 exploration program at Majuba Hill is available on our web site at www.maxresource.com.
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 d'Alene'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.
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. The historic information provided has not been verified by MAX and is for reference only.
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. |
HOMECORPORATE INFOPROJECTSINVESTOR INFONEWS RELEASESCONTACT
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Max Resources Corp.
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EXPLORATEUR |
CODE : MAX.V |
ISIN : CA57772U1093 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Max Resources est une société d’exploration minière de cuivre basée au Canada. Max Resources détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont CROWSNEST, HOWELL, EAST MANHATTAN, MAJUBA HILL (NEVADA), INDATA, TABLE TOP, DIAMOND PEAK PROPERTY, RAVIN, C DE BACA PROJECT, MACINNIS LAKE PROJECT et GOLD HILL - MAX au Canada. Max Resources est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,3 millions CA$ (914 870 US$, 833 355 €). La valeur de son action a atteint son plus haut niveau récent le 09 mai 2024 à 0,23 CA$, et son plus bas niveau récent le 16 août 2024 à 0,05 CA$. Max Resources possède 15 650 000 actions en circulation. |
Rapports annuels de Max Resources Corp. |
Financements de Max Resources Corp. |
Nominations de Max Resources Corp. |
Projets de Max Resources Corp. |
05/02/2014 | Resource to Drill at Majuba Hill, Nevada, Ridge of High Grad... |
27/08/2013 | (East Manhattan)Returns 1.5 g/t Au and 0.87 g/t Au From Bulk Samples at East... |
27/03/2013 | RESOURCE | 2013 | Website Update |
02/10/2012 | step-out drilling extends silver, copper mineralized oxide z... |
11/09/2012 | drills 4.6 m @ 58.0 g/t Silver and 7.6 m @ 0.80% copper, Maj... |
30/08/2012 | Resource Response to Request/Email Updates |
14/06/2012 | completes eight drill holes at Majuba Hill silver/copper/gol... |
03/05/2012 | begins Phase III drill program at Majuba Hill copper/silver/... |
26/04/2012 | Acquires Additional Acreage in Nevada, Drilling to Resume |
03/04/2012 | Phase III High-Grade Silver/Copper/Gold drill program in Nev... |
07/03/2012 | Resource Outlook 2012 and Beyond!! New Power Point |
07/02/2012 | Drills 29.2 m of 30.5 g/t Ag and 0.69% Cu at DeSoto discover... |
20/01/2012 | Resource Invitation Reminder, Booth #1521 |
14/12/2011 | completes Phase II drill program Majuba Hill copper/silver p... |
26/10/2011 | Resource Retains Strategic Investor Relations Services |
25/10/2011 | drills 44.2 m of 71.0 g/t (2.28 oz/t) Silver and 1.14% Coppe... |
13/10/2011 | (Majuba Hill (nevada))drills 13.7 m of 30 g/t (0.96 oz/t) silver and 0.47% copper ... |
08/08/2011 | completes soil sampling and additional drilling at Majuba Hi... |
30/03/2011 | (Majuba Hill (nevada))begins exploration at historic Majuba Hill Copper/Gold/Silve... |
17/03/2011 | (Table Top)resumes drilling at Table Top gold project in Nevada, immedi... |
17/02/2011 | (Table Top)to resume drilling at Table Top gold project in Nevada, imme... |
24/11/2009 | (Crowsnest)drills 19.03 g/t gold over 6.1 meters at Crowsnest; includes... |
31/08/2009 | acquires Table Top gold project in Nevada; permitting underw... |
10/08/2009 | (Howell)samples > 100g/t Gold, 105 ppm Tellurium at Crowsnest Gold p... |
27/07/2009 | (Howell)options Crowsnest Gold Property; drilling planned for fall a... |
10/03/2009 | (East Manhattan)recovers 4.9 grams/ton gold and 1.2 grams/ton silver from bu... |
07/01/2009 | (Indata)intercepts 8.20 g/t Gold over 0.3 m, 209.0 g/t Silver over 0... |
21/11/2008 | (Howell)intersects 22 metres of 0.78 g/t gold at Howell |
18/08/2008 | (Howell)Reports an Open Pit Gold Reserve of 150,000 Ounces of Gold ... |
22/07/2008 | (Howell)Drilling begins at Howell Gold project in British Columbia |
14/07/2008 | (Ravin)Drilling begins at Ravin Molybdenum/Tungsten Property in Nev... |
17/06/2008 | (Gold Hill - Max)MAX Begins Drilling at Gold Hill site |
29/08/2007 | (Gold Hill - Max)Reports Positive Molybdenum Results, Gold Hill Project, Alas... |
31/07/2007 | (Gold Hill - Max)Begins 6000 Foot Molybdenum Drill Program in Alaska |
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Communiqués de Presse de Max Resources Corp. |
15/10/2015 | MAX closes final tranche of Private Placement for $$67,750 |
18/09/2015 | MAX arranges Private Placement for $250,000 |
23/03/2015 | Max Announces Effective Date For Share Consolidation |
23/03/2015 | MAX to voluntarily terminate its share registration in U.S. |
23/03/2015 | MAX Completes Share Consolidation |
13/03/2015 | MAX to Voluntarily Terminate Its Share Registration in U.S. |
24/02/2015 | MAX Completes Share Consolidation |
23/02/2015 | MAX Announces Effective Date for Share Consolidation |
14/11/2014 | MAX Relinquishes Majuba Hill Project |
04/11/2014 | MAX Reports on Assays From East Manhattan Wash Gold Project,... |
12/09/2014 | MAX Receives Assay Results From Drilling at East Manhattan W... |
21/07/2014 | MAX Commences Drilling at East Manhattan Wash Gold Project, ... |
25/06/2014 | MAX Drills 222.6 m @ 0.27% Cu and 10.1 g/t Ag, Inclusive of ... |
12/06/2014 | MAX Receives Drill Permit for East Manhattan Wash Gold Proje... |
20/05/2014 | MAX Commences Drilling at Majuba Hill Copper/Silver Project ... |
15/03/2012 | drills 293 m of silver, gold and copper at Majuba Hill, Neva... |
05/10/2011 | Clancy Wendt, P. Geo, VP Exploration of MAX Resource Corp., ... |
31/05/2011 | (Table Top)drills 9.6 metres of 1.04 g/t Au at Table Top in Nevada, ext... |
15/10/2009 | Crowsnest Gold New Trench Assay's and Drilling Completed |
31/08/2009 | Acquires Gold Property in Nevada |
16/06/2008 | engages Gateway Securities for corporate finance services |
09/06/2008 | OPTIONS TWO PROPERTIES IN BRITISH COLUMBIA |
04/12/2007 | acquires Gold/Silver Property in Manhattan Mining District,... |
22/10/2007 | Completes Airborne Survey, MacInnes Lake Uranium Project, NW... |
18/10/2007 | Reports 1,000 Feet of 0.058% MoS2, Gold Hill Molybdenum Proj... |
11/10/2007 | Reports First Hole Results of 965 Feet of 0.048% MoS2, Gold... |
10/09/2007 | Acquires Ravin Molybdenum-Tungsten Project, Nevada, USA |
05/06/2007 | Raises $8.45 Million for Uranium & Molybdenum Projects in US... |
20/04/2007 | to Raise $7,100,000 |
10/04/2007 | Acquires Nustar Uranium Project, Arizona |
08/03/2007 | Receives Drill Permit for C De Baca Uranium Project in Mexi... |
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