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MAX drills 29.2 m of 30.5 g/t Ag and 0.69% Cu in step-out drilling at DeSoto discovery, Majuba Hill, Nevada
TSX-V: MXR OTC BB: MXROF Frankfurt: M1D VANCOUVER, Feb. 7, 2012 /CNW/ - MAX Res...
About this update from Max Resource Corp
[{"type":"text","content":"\n\n\n\n\n\nTSX-V: MXR\nOTC BB: MXROF\nFrankfurt: M1D\n\n\nVANCOUVER, Feb. 7, 2012 /CNW/ - MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has received assay results from the first three of the four step out\n drill holes completed at its Majuba Hill copper/silver project in\n Nevada during the fall of 2011.  Hole MM-18 was one of two holes\n drilled to test a new high grade mineralized zone identified during\n soil sampling in 2011 near the past producing DeSoto silver mine and\n intercepted 29.2 meters of 30.5 g/t silver (Ag) and 0.69% cooper (Cu).  \n\n\nHighlights:\n\n\nMM-18 was drilled 1.4 km to the northwest of MAX's Phase I drilling at\n the past producing Majuba Hill mine, where MAX intercepted near surface\n high grade copper and silver mineralization over significant lengths in\n five of eight holes.\n\n\nHole MM-18 was one of two holes drilled to test a new high grade\n mineralized zone identified during soil sampling in 2011 and\n intercepted 29.2 meters of 30.5 g/t Ag and 0.69% Cu.   \n\n\nThe copper/silver soil anomaly at DeSoto is approximately 1.5 km long by\n 500 m wide and returned values as high as 1.53% Cu and 209 g/t Ag in soils.\n\n\nHole MM-17 was drilled 730 m southeast of Phase I drilling and intercepted 42.7 m of 16.8 g/t Ag, 13.7 m of 15.9 g/t Ag and 6.16 m of 51.0 g/t Ag\n\n\nPermitting is underway for an extensive Phase III delineation drill\n program at Desoto to begin in the spring of 2012\n\n\nClancy Wendt, P.Geo, VP Exploration of MAX, states \"We are excited by\n this new discovery at DeSoto, which extends the known area of high\n grade mineralization at Majuba Hill to the northwest by at least 1.4\n kilometers.  In addition, drilling 730 m to the southeast has\n intercepted significant silver mineralization and expanded the\n mineralized zone at Majuba Hill itself, with assay results still\n pending from hole MM-20.  The discovery at DeSoto that high-grade\n copper and silver mineralization exists well beyond the immediate area\n of the past producing Majuba Hill mine confirms our theory that Majuba\n Hill is an extensive copper/silver porphyry system that is highly\n prospective for the development of a bulk-tonnage open pit deposit.\"\n\n\nHole MM-19 was drilled at the same location as hole MM-18 at an angle of\n -45 to the southeast, whereas hole ...