MAX Resource Corp.: Drilling Completed at Gold Hill Project.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- MAX Resource Corp. (the "Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : MXROF) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE: MXR MXR Mixer MXR Munxar (postal locality, Malta) MXR Mail Exchange Record ) is pleased to announce completion of the initial drill program on the Gold Hill project in Alaska. Seven core holes were drilled to test the high grade gold values intersected by previous drill hole AUH AUH Arga Unga Hackare (Swedish hacker group) AUH American University Hospital (Beirut, Lebanon) AUH AU-Specific RNA-Binding Protein AUH American University of Hawaii 16 which contained five feet of 0.46 opt Au, five feet of 0.23 opt Au and five feet of 0.66 opt Au. The core is currently being split at Alaskan Earth Sciences in Anchorage, Alaska. American Assay Laboratories of Reno, Nevada will perform the analysis with results expected within four weeks. The Gold Hill project comprises 3,873 hectares located 200 kilometers south of Fairbanks, Alaska Fairbanks (IPA: /ˈfɛərbæŋks/) is a Home Rule City in Fairbanks North Star Borough, Alaska, United States. and approximately 20 kilometers west of the Denali Highway Denali Highway (Alaska Route 8) is a lightly-traveled, mostly gravel highway in the U.S. state of Alaska. It leads from Paxson on the Richardson Highway to Cantwell on the Parks Highway. and is accessible using hunting roads and trails. Significant values of gold (2.5 feet of 0.25 ounces per ton) have been found in a sample from the Gold Creek Area. This sample also contained 0.57% copper. Within the same creek, values of tungsten (0.19% WO3) were also found. This area will be tested during the next phase of exploration. In addition, confirmation assays to verify the previous work done by Amax Exploration have been completed. Drill holes 7, 13, and 16 contained significant values of gold. The assays confirm the previous assays and show the variation in gold numbers within the same sample.
---------------------------------------------------------------------
Amax Assay Check Assay
Prior Sample No./ Type --------------- Examination ---------------
Hole + Footage Au ppm Au oz/t Sample No. Au ppm Au oz/t
---------------------------------------------------------------------
AUH-7 100'-105' Pulp 6.35 0.1842 106027 3.999 0.117
---------------------------------------------------------------------
AUG-7 200'-205' Pulp 2.473 0.0717 106028 2.396 0.070
---------------------------------------------------------------------
AUH-13 250'-255' Pulp 3.928 0.1139 106029 3.463 0.101
---------------------------------------------------------------------
AUH-13 255'-260' Pulp 2.738 0.0794 106030 2.535 0.074
---------------------------------------------------------------------
AUH-16 35'-40' Pulp 15.94 0.4623 106031 9.864 0.288
---------------------------------------------------------------------
AUH-16 170'-175' Pulp 22.90 0.6641 106032 18.813 0.549
---------------------------------------------------------------------
Clancy J. Wendt, P.Geo., serves as the Qualified Person for the
project and has reviewed this press release.
On behalf of the Board of Directors of
MAX Resource Corp.
Stuart Rogers
President
This News Release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Without limitation, statements regarding potential mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. 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. The contents of this news release have neither been approved nor disapproved by the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. . |
|

Printer friendly
Cite/link
Email
Feedback
Reader Opinion