VANCOUVER, Nov. 21 /CNW/ - MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF;
Frankfurt: M1D) has now received the results from the Howell gold project, the
first of four drill programs completed by MAX during 2008. The Howell project
is located in south-eastern B.C., approximately 40 kilometres southeast of the
city of Fernie.
Twelve holes totaling 1,312 metres of NQ core were completed and two new
soil grids established. Two distinct styles of mineralization were targeted;
the first being carbonate hosted gold and the second being carbonate
replacement mineralization (commonly referred to as "CRD").
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The highlights of the 2008 drilling are as follows:
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Hole From (m) To (m) Width (m) Gold g/t
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HW-08-06 ext 23.7 204.0 180.7 0.26
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Including 23.7 74.0 50.7 0.47
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HW-08-07 88.1 92.0 3.9 0.65
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and 132.0 138.0 6.0 0.53
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HW-08-09 8.5 129.0 120.5 0.30
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including 8.5 30.5 22.0 0.78
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HW-08-10 8.0 10.0 2.0 0.79
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HW-08-15 23.3 68.0 44.7 0.41
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including 23.3 44.0 20.7 0.53
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At Howell, disseminated gold mineralization occurs in limestone and as
quartz stockworks in limestone and syenite intrusives. Prior drilling included
1.23 g/t gold over 58 metres, 0.95 g/t gold over 39 metres, 0.65 g/t gold over
82 metres, and 0.57 g/t gold over 149 metres.
No CRD mineralization was identified in drill core although one of the
soil grids (the southeastern grid) is believed to indicate such mineralization
with a number of samples collected in 2008 returning very anomalous values in
gold, silver, zinc and lead including values to 130 g/t silver and 1.4% lead
in soil. Holes HW-08-12 and HW-08-13 were drilled during the current program
to test for CRD mineralization in the area where reverse circulation hole
HRC-15, drilled by Placer Dome in 1988, had intersected 7.6 metres of apparent
CRD mineralized dolomite grading 1.5% zinc, 1.4% lead, and 53.2 g/t silver.
Holes HW-08-12 and HW-08-13 were lost at 35 and 86 metres respectively, which
was well short of the target depth, due to drilling difficulties.
A number of additional targets exist at Howell including a stockwork
quartz system in limestone that has returned up to 3 grams gold in previous
sampling and will be considered for further work in 2009. Of the 119 samples
collected in 2008 on the southeastern grid, which is 1.5 kilometres to the
south of the 2008 CRD drill targets, 16 exceeded 100 ppm gold (maximum 714
ppb), 27 exceeded 500 ppm zinc (maximum 9,527 ppm) and 9 exceeded 400 ppm lead
(maximum 14,000 ppm). The southeastern grid was established in 2008 to fill in
an area to the north of manto style zinc, lead, silver mineralization which
was identified during reverse circulation drilling completed by Placer Dome in
1988 (HRC-2 with 7.5 metres grading 2.4% Zn, 0.40% Pb and 15.3 g/t Ag).
Reconnaissance prospecting in this area, completed by Eastfield in 1999,
sampled a 300 metre northeast trending syenite intrusive that returned a value
of 2.75 grams gold from the single sample collected. Review of a subsequent
airborne geophysical survey completed in 2004 highlighted this feature.
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.
Howell is one of two exploration projects in British Columbia optioned
earlier this year from Eastfield Resources Ltd. (TSX.V:ETF), as announced in
our news release of June 9, 2008.
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About MAX Resource Corp.
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MAX Resource Corp. is a well-financed Canadian based 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
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The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
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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.
For further information: Leonard MacMillan, Corporate Communication,
Telephone: (800) 248-1872 or (604) 637-2140, info@maxresource.com,
www.maxresource.com
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