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MAX step-out drilling extends mineralized oxide zone at DeSoto discovery, Majuba Hill, Nevada; highlights include 6.4 m @ 38.8 g/t Ag and 0.70% copper (105.1 g/t AgEq) and 7.8 m of 28 g/t Ag and 0.57% Cu (81.5 g/t AgEq)
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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, Oct. 2, 2012 /CNW/ - MAX Resource Corp. (TSX.V: MXR) (OTCBB: MXROF) (Frankfurt: M1D) has received assays from seven core holes (521 m) drilled in June 2012\n at the high grade silver/copper DeSoto soil anomaly, 1.4 km to the\n northwest of the main mineralized zone at the historic Majuba Hill mine\n in Nevada.  These shallow step-out holes were drilled to test the\n extension of near-surface oxide mineralization at DeSoto, where the\n discovery hole, MM-18, intercepted 29.2 m of 30.5 g/t Ag and 0.69% Cu\n (98.3 g/t silver equivalent(\"AgEq\")) in the fall of 2011.  The DeSoto soil anomaly was defined by soil sampling and measures\n approximately 2 km long by 1 km wide, with values as high as 1.53% Cu and 209 g/t Ag in soils. Significant copper and silver\n mineralization was intercepted in four of the seven holes drilled,\n confirming DeSoto as the second highly prospective mineralized zone to\n be identified by MAX at Majuba Hill project.   Highlights of this\n drilling at DeSoto included 7.8 m @ 28.0 g/t Ag and 0.57% Cu (81.5 AgEq) in hole DSM-02 and 6.4 m @ 38.8 Ag and 0.70% Cu (105.1 g/t AgEq) in DSM-06.\n\n\nThe first hole of the June drill program, MM-21 (announced Sept 11,\n 2012), was drilled 250 m southeast of the middle portal of the\n past-producing Majuba Hill mine and confirms the southeast extension of\n near-surface high-grade supergene oxide mineralization identified by\n Max at the historic Majuba Hill mine, where Phase I drilling by MAX in\n 2011 intercepted long intervals of high grade silver and copper\n mineralization near surface in five holes.  Hole MM-21 intercepted 4.6 m @ 58.0 g/t Ag and 7.6 m @ 0.80% Cu within an overall mineralized\n intercept of 332 m @ 12 g/t Ag and 0.13% Cu (23.9 g/t AgEq) in oxides that began within 12 m of surface.   Hole MM-21, combined with\n historic data, serves to confirm the extension of the high-grade\n mineralized system 500 m to the southeast of the Majuba Hill mine and\n to a depth of at least 350 m from surface. We now believe that Majuba\n Hill is a significant porphyry system with a chalcocite blanket; the\n next phase of drilling at Maju...