Business
MAX receives drill permit for Table Top gold project in Nevada
MAX receives drill permit for Table Top gold project in Nevada
About this update from Max Resource Corp
[{"type":"text","content":"\n\n\n\nVANCOUVER, Mar. 8, 2010 (Canada NewsWire Group) -- /CNW/ -- MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has been issued a drill permit for a 16 hole core drill program to be conducted at its Table Top gold project in Humboldt County, Nevada. The Table Top property is comprised of 171 claims (3,420 acres) located 10 miles west of the town of Winnemucca, just off of Interstate 80. Drilling will commence in late March or early April, as soon as weather permits.Table Top is on trend with AMAX's Sleeper Canyon Mine (2.5 MM oz Au produced), located 25 miles to the north, the Goldbanks gold occurrence located 37 miles to the south, and the Sandman gold deposits (a joint venture between Newmont Mining Corporation and Fronteer Development Group Inc. (TSX, NYSE Amex: FRG) immediately to the north, where drilling by Newmont continues to highlight the high-grade nature of near-surface gold mineralization at Sandman, with drill results reported in early 2010 that included 90.28 grams per tonne (\"g/t\") gold over 3.47 metres. In March 2010, Fronteer reported additional results that included an intercept of 42.28 g/t gold over 7.56 metres. Of the 110 holes drilled and reported at the Sandman joint venture, 26 holes have returned intercepts of greater than 10 g/t gold over 1.0 metres or more.All of these properties, including Table Top, are located along the Kings River Rift, a regional geologic feature that appears to control mineralization in the area and which hosts multiple high-grade vein-related gold systems. MAX now controls all prospective land available between Table Top and Sandman, where Newmont is in the process of earning a 60% interest by spending $23 Million on exploration in order to advance the project to a production decision by June 2011. Maps showing the Kings River Rift and the new claims staked by MAX are available on our web site at www.maxresource.com.During the 1980's Gold Fields, Meridian Minerals, Homestake, and Santa Fe Mining conducted exploration on and around the Table Top property. A limited exploration program of only ten reverse circulation drill holes was conducted by Gold Fields to test anomalous (up to 1.1 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...