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MAX stakes additional 139 claims at Table Top gold project in Nevada; Kokanee to drill MAX's Diamond Peak gold/zinc project in 2010
MAX stakes additional 139 claims at Table Top gold project in Nevada; Kokanee to drill MAX's Diam...
About this update from Max Resource Corp
[{"type":"text","content":"\n\n\n\nJan. 18, 2010 (Canada NewsWire Group) -- VANCOUVER, Jan. 18 /CNW/ -- MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has staked an additional 139 claims (2,780 acres) at its Table Top gold project in Humboldt County, Nevada, where a 16 hole core drill program is being permitted for early 2010. The Table Top property originally consisted of 32 claims (640 acres) located 10 miles west of the town of Winnemucca, Nevada, just off of Interstate 80.The Table Top area is on trend with AMAX's Sleeper Canyon Mine (2.5 MM oz Au produced), located 25 miles to the north, and the Sandman gold deposits (a joint venture between Newmont Mining Corporation and Fronteer Development Group Inc. (TSX, NYSE Amex: FRG)) just 8 miles to the north and the Goldbanks gold occurrence located 37 miles to the south. 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. The additional claims staked by MAX now cover all prospective land available between Table Top and Sandman, where Newmont can earn a 60% interest by spending $23 Million on exploration and advancing the project to a production decision by June 2011. Maps showing the Kings River Rift and the new claims staked by MAX are now available on our web site at www.maxresource.com.MAX has been able to obtain a nearly complete set of geophysical, geological and geochemical data from previous companies that worked on Table Top and land to the north. During the 1980's Gold Fields, Meridian Minerals, Homestake, Santa Fe Mining and others conducted exploration on and around the Table Top property. A limited exploration program by Goldfields 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 angle 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 dire...