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MAX drills 0.823 g/t gold over 4.6 meters in silicified breccia at Table Top, Nevada; intersects potential Carlin style lamprophyre feeder system
MAX drills 0.823 g/t gold over 4.6 meters in silicified breccia at Table Top, Nevada; intersects ...
About this update from Max Resource Corp
[{"type":"text","content":"\n\n\n\n May 3, 2010 (Canada NewsWire Group) -- \n >\n\n\n MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has received initial gold assays from its recent diamond drill program underway at the Table top project near Winnemucca, Nevada during April, 2010. Results have been received for only those core intervals comprising the silicified breccia reported in our news release of April 19, 2010 and represent approximately 48 meters ("m") of core from four holes which were assayed on a rush basis. Results included drill hole MT 1 which returned 0.823 grams per tonne ("g/t") gold over 4.6 meters, including 1.5 meters of 1.435 g/t gold. Other significant results include 24.4 m of 0.473 g/t Au in hole MT 2, which includes 9.1 meters of 0.703 g/t Au. The remainder of the mineralized core from these holes is being submitted for assay, with further results expected in early May. Drilling is continuing.\nA total of 14 diamond drill holes totaling approximately 600 meters have been completed and 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 holes were drilled to be perpendicular to the strike of the mineralized zone and cross mineralization which is hosted in a silicified tectonic breccia. A fan of holes were drilled to intersect the mineralized zone at three different intervals down the dip of the mineralized structure. The 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.\nIn addition, drilling intersected highly altered igneous rocks which have been examined by five senior geologists, all of whom have worked in Nevada on Carlin type deposits for no less than 20 years each. They all agree these dikes are likely highly altered 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 this theory during a Phase 2 drill program later this year that will be designed to test these deep targets.\nThe significant g...