VANCOUVER, Oct. 10 /PRNewswire-FirstCall/ -- MAX Resource Corp (TSX.V: MXR; OTC BB: MXROF) announces that the final assays have been received for the bottom portion of diamond drill hole DH-07-1 on the Gold Hill Molybdenum Property in Alaska. These results returned 0.041% MoS2 over a core length of 425 feet. Together with the previously reported intersection (see press release dated August 29th, 2007), Hole DH-07-01 assays a total of 0.048% MoS2 over the entire core length of 965 feet. The best interval occurs as 250 feet of 0.080% MoS2 beginning at 260 feet down hole. Further, Hole DH-07-01 ended in molybdenum mineralization grading 0.054% MoS2.
Anomalous and dispersed values in copper were also reported. Copper mineralization occurs in core as chalcopyrite. These intervals are located at various areas throughout the drill hole (see table below).
These results are the first to be reported from a recently completed five hole drill program. The drill campaign was designed to test a broad Molybdenum/Copper/Gold geochemistry and geophysical magnetic anomaly covering a 700m by 800m area. This anomalous area was identified from historic work and assay results carried out by the New Alaskan Syndicate (Cities Services Minerals and Dome Mines) in the 1970's. Assay results are pending for the remaining 4 diamond drill holes.
The combined results for DH 07-01 are as follows: Drill Hole Interval (feet) Width (feet) Mineralization ------------------------------------------------------------------------ Molybdenum Results ------------------ DH 07-1 0-965 feet 965 feet 0.048% MoS2 (0.029% Mo) 540-965 425 feet 0.041% MoS2 (0.025% Mo) Including 0-540 540 feet(x) 0.054% MoS2 (0.033% Mo) 260-510 250 feet(x) 0.080% MoS2 (0.048% Mo) 855-915 60 feet 0.058% MoS2 (0.035% Mo) (x) Previously Reported Drill Hole Interval (feet) Width (feet) Mineralization ------------------------------------------------------------------------ Copper Results -------------- 0-250 feet 250 feet 0.0266% Cu Including 130-200 70 feet 0.043% Cu 755-815 60 feet 0.026% Cu 845-965 120 feet 0.028% Cu
QA/QC (Quality Control and Quality Assurance): Core material was collected at the drill site and placed in core boxes under the supervision of an experienced geologist. It was logged for rock type, alteration, structure, and recorded with detailed descriptions. Core was split using a hydraulic core splitter and one half sent to the Alaska Assay Laboratories. The other half is kept at MAX's core storage facility in Anchorage. Drill holes were sampled at five foot sample intervals. Samples were delivered in sealed bags to the Alaska Assay Labs facility in Fairbanks, Alaska for sample preparation. Alaska Labs is using a 2 acid digestion and a 30 Element AES ICP Scan.
Sample Preparation quality control at Alaska Assay Labs includes strict chain of custody documentation, careful logging of samples documentation, careful cleaning of all equipment documentation, and careful monitoring of crush and grind particle size documentation, and careful protocol documentation following ISO9002/17025 guidelines.
QP (Qualified Person): Max's exploration program was supervised by Clancy J. Wendt, P.Geo., who is the qualified person as defined in National Instrument 43-101 for this disclosure and supervised the preparation of the technical information in this news release.
About Gold Hill ---------------
The Gold Hill property comprises 8,520 acres located approximately 212 miles north, northeast of Anchorage, Alaska and is accessible to within five miles of the property by the all-weather unpaved Denali Highway (State Highway 8).
The Claims were explored for base metals during the early 1970's by the New Alaska Syndicate (Cities Services Minerals and Dome Mines Ltd). Numerous holes were drilled over the then 4,960 acre property. The drill holes tested various soil anomalies on the southwest side of Gold Hill where significant molybdenum mineralization was first intersected. Hole DDH 77-2, intersected a quartz-molybdenum (with minor copper) zone grading 0.048% MoS(2) from surface to 536 feet with a higher grade interval from 350-500 (150 feet) of 0.094% MoS2. This area has never seen modern exploration techniques applied. The immediate area contains a significant magnetic anomaly that coincides with the known mineralization. Previous drilling never tested this magnetic feature nor the surrounding sedimentary rocks. This area is best described as having strong skarn and silicification development and coincident mineralization. This area is the primary target of the current exploration program. For more information on the Gold Hill project, please visit our web site at http://www.maxresource.com/.
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 http://www.maxresource.com/.
About MAX Resource Corp. ------------------------
MAX Resource Corp. is a Canadian mineral exploration company that identifies, acquires and finances advanced stage exploration projects. MAX is currently focused on the discovery of uranium, precious metals and base metals, with interests in properties in Alaska, Arizona, Nevada, New Mexico and the Northwest Territories of Canada. For more information, please visit our web site at http://www.maxresource.com/.
On behalf of the Board of Directors of MAX Resource Corp. "STUART ROGERS" Stuart Rogers President 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.
CONTACT: Leonard MacMillan, Corporate Communication, Telephone: (800) 248-1872, or (604) 637-2140,
