Business
MAX files drill permit for Table Top gold project in Nevada
MAX files drill permit for Table Top gold project in Nevada
About this update from Max Resource Corp
[{"type":"text","content":"\n\n\n\nDec. 2, 2009 (Canada NewsWire Group) -- VANCOUVER, Dec. 2 /CNW/ -- MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has filed permit applications for a 16 hole diamond drill program to be conducted at its recently acquired Table Top gold project in Humboldt County, Nevada. Prior to drilling, up to 12 trenches will be completed to expose the bed rock for sampling. The Table Top property consists of 32 claims (640 acres) located 10 miles northwest of the town of Winnemucca, Nevada, just off of the Interstate 80 highway.MAX has been able to obtain a nearly complete set of geophysical, geological and geochemical data from one of the previous companies that worked on the property. The following is a synopsis of their work:During the 1980's Gold Fields, Meridian Minerals and Santa Fe Mining conducted exploration on and around the Table Top property. A limited exploration program consisting of only ten reverse circulation drill holes was conducted to test anomalous, up to 1.1 grams per tonne (\"g/t\"), gold values in what was called jasperoid. Trenches containing gold values up to 4 g/t over 5 feet were tested by the first drill hole, which contained 55 feet of 0.84 g/t Au (0.027 opt) from the surface down. This hole was drilled vertically in a breccia zone. The remaining nine drill holes, which were wide-spaced (75-300 meters apart), contained little of significance. A follow up analysis showed that the holes may have been drilled in the wrong direction and should have been drilled to the south instead of to the north. MAX intends to test this theory during drilling, which will be undertaken in early 2010 following receipt of the necessary permits.Table Top is located in the Triassic rocks of the Raspberry formation which can be split into two general types: a northwestern belt of sandstone, siltstone, and slate, locally calcareous but devoid of limestone; and a southeastern belt of calcareous sandstone, siltstone and slate with prominent massive limestone beds 5 to 100 feet thick. Bedding in these units trend northeast with steep dips to the southeast.The mineralization in the Raspberry formation is generally in the form of silicification in veinlets and small pods in the limestone but in a few areas there is massive replacement of the limestone by silica. The silica, where sampled, usually contains gold with val...