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MAX drills 27.4 meters of 0.467 g/t gold and 3 meters of 1.79 g/t gold at Table Top, Nevada; deeper drilling planned
MAX drills 27.4 meters of 0.467 g/t gold and 3 meters of 1.79 g/t gold at Table Top, Nevada; deep...
About this update from Max Resource Corp
[{"type":"text","content":"\n\n\n\n Jun. 22, 2010 (Canada NewsWire Group) -- \n >\n\n\n MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has received the assays from its recent diamond drill program at the Table Top gold project near Winnemucca, Nevada. A total of 15 holes were drilled for a total of 660 meters (2,156 feet). Of these holes, ten intersected the mineralized structure and contained significant gold mineralization. The zone of mineralization continues for the entire length of the structure and is open to the northeast and southwest. Gold mineralization also appears to increase in value as deeper zones are intersected.\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.\nAll significant gold assays are listed below:\n\n\n >\n\n\nAll mineralized core from this drill program was split and submitted for assay to Inspectorate America Corp, an ISO certified Laboratory in Reno, Nevada.\nThe drill results at Table Top indicate that MAX may have found a potential mineralized feeder similar to a Carlin Type gold system. Multi-element geochemical values of arsenic, antimony and mercury are all extremely elevated with respect to background; numerous 1.5 m intercepts exceed 100 ppm arsenic and antimony, with thallium values in excess of 10 ppm. All of these elevated values are directly associated with elevated (in excess of 100 ppb and as high as 2,562 ppb) gold values. Silver, tellurium, selenium and base metal values are all low. Geologic interpretation indicates the zone is a 20 meter to 30 meter wide, northeast striking and southeast dipping structural zone. Gold and associated trace element mineralization is associated in and surrounding a silicified breccia (jasperoid). Low grade gold mineralization associated with high grade trace elements is often found to occur in Carlin style gold feeder systems, as have lamprophyre dikes that have also been identified in this zone. Lamprophyres are often found in Carlin systems and are indicative of deep seated structures. Continued evaluation of the drilling data is underway; additional d...