MAX Resource – Focused on Gold Exploration in North America

email Email  Print Print  
Gold Stocks
MAX Resource – Focused on Gold Exploration in North America

Overview

MAX Resource Corp. (CVE: MXR, OTCBB: MXROF) is a Canadian exploration company with a diversified portfolio of mineral exploration projects in the Western United States. We are currently focused on gold, with three gold properties in Nevada being actively explored in 2010.

Investment Highlights:

  • Low capitalization – only 21.7 million shares issued.
  • Well funded – $0.12 per share in cash. ($2.5 Million)
  • Experienced management with proven exploration success.
  • Strong portfolio of gold projects.
  • North American focus.
  • Drilling for Gold in Nevada in 2010:
    -Table Top Property, 139 claims (3500 acres) on the Kings River Rift.
    -East Manhattan Wash, 133 claims. A significant area of gold mineralization has been defined.
    -Diamond Peak, 134 Claims, located at the southern end of the prolific Carlin Trend.

Property Summaries

Table Top Gold Property, Nevada

  • 100 % interest in 139 claims (3,500 acres) in Humboldt County, Nevada, 10 miles northwest of Winnemucca.
  • On trend with AMAX’s Sleeper Mine (2.5 MM ounces of gold produced) and the Newmont/Fronteer Sandman JV only 5 miles to the North
  • Fifteen holes (660 m) drilled May 2010. Results include:
    -MT-2 – 27.4 M of 0.467 g/t Au,
    -MT-12 – 3 m of 1.79 g/t Au
  • Gold mineralization increases with depth
  • Potential Carlin style feeder system at depth.
  • Drilling scheduled for August 2010 to test deep targets.

Image1-Max

East Manhattan Wash Gold Property, Nevada

  • 100% interest in 133 claims (2,660 acres) located in the prolific Manhattan Mining District.
  • 8 miles south of Kinross/Barrick Round Mountain Mine (14 million ounces gold).
  • In 2009, large bulk sampling programs defined a significant area and grade of gold mineralization.
  • 793 lb. bulk sample recovered 4.9 g/t gold and 1.2 g/t silver.
  • The current mineralized zone encompasses an area 5,500 by 1,500 feet in size while still remaining open to the north, east, and west.
  • In 2010, trenching and sampling are underway in preparation for drilling this year.

image-2-Max

Diamond Peak Gold-Zinc Project, Nevada

  • 100% interest in 134 claims located 32 miles north of Eureka, Nevada in the Carlin Trend
  • Strong surface mineralization over 2 mile long band of intensely clay altered rocks, 200-300 ft wide
  • Drilling by MK Gold in 1999 encountered:
    -5 feet of 1.93 g/t Au in hole DV 99-5, 5 feet of 2.08 g/t Au in hole DV 99-4;
    -11.6 % of Zinc over 5 feet within 60 feet of surface in hole DV 99-15.
    -106 g/t silver in outcrop (3.40 opt) which was never followed up
    -Extensive copper mineralization (drill assays to 0.83% Cu over 5 feet) associated with zinc and gold
  • geochemical grids to be extended to the east, north and south – especially to the east where anomalous silver, zinc and lead values occur in soils.
  • Gold targets are extensive – to be defined further before drilling in Fall 2010.

Management:

Stuart Rogers – President and Director
-23 years of experience in the financial markets in Canada and U.S.

Clarence (Clancy) Wendt, P. Geo – Vice-President, Exploration and Director
- discovered Mt. Hamilton moly/gold deposit in Nevada
- 39 years of experience in gold exploration in North and South America
- Past President of Geological Society of Nevada

Chris Cherry, CA, CGA – Chief Financial Officer

Dan MacInnis, P. Geo – Director
- President of MAG Silver (Amex: MVG)

Tim Coupland – Director
- President of Alberta Star Development Corp.

Permalink: "MAX Resource – Focused on Gold Exploration in North America"

Latest News On Max Resource