TSX-V Symbol: MXR
OTC BB Symbol: MXROF
Frankfurt: M1D
VANCOUVER, July 22 /PRNewswire-FirstCall/ - MAX Resource Corp. (TSX.V:
MXR; OTCBB: MXROF; Frankfurt: M1D) is pleased to announce that drilling has
begun on the Howell gold project located in south-eastern British Columbia.
The Howell Gold Project is comprised of 4,376 hectares located one hour
by gravel road south of the town of Sparwood, straddling the drainages of
Twenty-Nine Mile Creek and Howell Creek.
At Howell Creek, gold mineralization occurs disseminated in limestone
and with quartz stockworks in syenite intrusives and Proterozoic sediments.
Prior drilling has 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. A diamond drill hole from 2006, collared to the west of the surface
expression of the important Palaeozoic limestone, penetrated a near surface
fault and intersected 43 metres of limestone grading 0.42 g/t gold to the
bottom of the hole at 66 metres. The last sample in this hole graded 0.44
g/t gold indicating a need to drill deeper and test the target along
strike; the first hole of the current program will deepen this hole to
approximately 200 metres.
An important additional target which will be tested in the current
program is Carbonate Replacement Deposit ("CRD") style mineralization in
the general vicinity of hole HRC-15 (located 1,100 metres to the west of
the first hole of the current program), drilled by Placer Dome Inc. in
1988, which intersected 7.6 metres grading 51.5 g/t silver, 1.98% lead,
1.87% zinc, and 0.32 g/t gold.
MAX plans to drill a minimum of 1,000 meters at Howell, which is one of
two exploration projects in British Columbia recently optioned from
Eastfield Resources Ltd. (TSX.V:ETF) as announced in our news release of
June 9, 2008.
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.
About MAX Resource Corp.
------------------------
MAX Resource Corp. is a 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 http://www.maxresource.com.
On behalf of the Board of Directors of
MAX Resource Corp.
"STUART ROGERS"
Stuart Rogers
President
The TSX Venture Exchange does not accept 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.
SOURCE MAX Resource Corp.
back to top
CONTACT: Leonard MacMillan, Corporate Communication, Telephone: (800) 248-1872 or (604) 637-2140, info@maxresource.com, http://www.maxresource.com
|