MXR Results include 19g/t Au over 6.1m

Reproduction
Tue, Nov 24, 2009

Gold Company News
Post by Melissa Pistilli, Gold Senior Reporter

Max Resource Corp. (TSX-V: MXR) reported this morning drill results including over 19 grams per tonne gold over 6.1 meters at it’s Crowsnest project in Western Canada.

26 shallow holes were drilled with 9 returning over 2g/t gold.

Click here for the full press release.

The Crowsnest property is owned by Eastfield Resources Ltd. (TSX-V: ETF) and has been optioned by MXR. The property was drilled in 2006 by another optionee with no conclusive results. A release on that drilling can be found here.

In today’s press release, Mr. Clancy Wendt, VP Exploration for MXR is quoted saying:

There are many other areas at Crowsnest where significant gold values were reported by prior operators that have never been followed up; these will be examined during the 2010 exploration program. We have not yet determined the full extent of the gold mineralization at Crowsnest.

Click here for more on Max Resources and to request an investor kit.

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http://Retirefund.Blogspot.com Busi

I can see the Toyota people looking for alternatives to REE’s mostly because of the scare they recently got from a Chinese threatened hoarding of those elements at a time when Japan was entirely dependant on Chinese exports. After all, a business has to be able to function independant of what a competing country does with its internal regulations.

Having said that, REE’s are being sought by miners all over the world at present, and even though they are called “rare earths” they are actually far from rare. The world market will open up in the coming few years and China will no longer have its monopoly in the sector.

I agree with Dr. Hykaway’s opinion that one would have to make an entirely new business case to eliminate lithium’s potential in the auto sector. The competitive advantages of lithium as a storage medium are too great, and the race to secure uninterrupted supplies is in full swing.
http://retirefund.blogspot.com/2011/02/commodity-of-21st-century-m-in-lithium.html

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