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MAX completes drill program at Table Top gold project; Drilling commences at Diamond Peak gold/zinc project in Nevada
MAX completes drill program at Table Top gold project; Drilling commences at Diamond Peak gold/zi...
About this update from Max Resource Corp
[{"type":"text","content":"\n\n\n\n May 19, 2010 (Canada NewsWire Group) -- \n >\n\n\n MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has completed its planned diamond drill program at the Table top project near Winnemucca, Nevada. A total of 15 holes have been drilled for a total of 660 meters (2,156 feet). All mineralized core from these holes is currently being split and submitted for assay, with further results expected in early June.\nMAX has also been advised by Kokanee Minerals Inc. (TSX.V: KOK) that it has begun drilling at MAX's Diamond Peak gold/zinc property in Eureka County, Nevada. Pursuant to a May 2006 option agreement, Kokanee can earn a 51% interest in the Diamond Peak project by spending US$1 Million on exploration, reimbursing all lease payments and issuing 600,000 shares to MAX.\n\nTable Top, Humboldt County, Nevada\n\nIn addition to the 15 holes completed at Table Top, three trenches were dug and sampled near the original drill hole reported by Gold Fields Mining Company that contained 50 feet of 0.027 opt Au. The current core holes were drilled to be perpendicular to the strike of the mineralized zone and across mineralization which is hosted in a silicified tectonic breccia. Initial rush assays received in early May 2010 from a small sample of this silicified breccia included an 1.5 meter interval assayed at 1.435 g/t Au (see our news release dated May 3 2010). The mineralized zone is being explored to the southwest and to the northeast along a distance of 233 meters, with clay and silica altered rock intersected in each of the drill holes, and is still open in both directions and at depth.\nDrilling also intersected highly altered intrusive rocks which are likely lamprophyres commonly found in Carlin style gold deposits in northern Nevada. Lamprophyres are thought to originate from deep crustal or upper mantle regions and extend to the surface along crustal scale structures, which are identified as feeder systems for Carlin gold systems at depth. Max intends to test these deep targets during a phase 2 drill program to be conducted later this year.\nA map showing the location of the trenches and drill holes completed at Table Top will be available soon on our web site at www.maxresource.com.\nThe Table Top gold project consists of approximately 157 claims totaling 3,142 hectares located near the town of Winnemucca in ...