MAX Drills 0.823 g/t Gold Over 4.6 Meters Silicified Breccia At Table Top

 

VANCOUVER - MAX Resource Corp. reported that it has received initial gold assays from its recent diamond drill program underway at the Table top project near Winnemucca, Nevada during April, 2010. Results have been received for only those core intervals comprising the silicified breccia and represent approximately 48 meters ("m") of core from four holes which were assayed on a rush basis. Results included drill hole MT 1 which returned 0.823 grams per tonne ("g/t") gold over 4.6 meters, including 1.5 meters of 1.435 g/t gold. Other significant results include 24.4 m of 0.473 g/t Au in hole MT 2, which includes 9.1 meters of 0.703 g/t Au. The remainder of the mineralized core from these holes is being submitted for assay.

A total of 14 diamond drill holes totaling approximately 600 meters have been completed and three trenches were dug and sampled near the original drill hole reported by Gold Fields Mining Company that contained 50 feet of 0.027 opt Au. The holes were drilled to be perpendicular to the strike of the mineralized zone and cross mineralization which is hosted in a silicified tectonic breccia. A fan of holes were drilled to intersect the mineralized zone at three different intervals down the dip of the mineralized structure. The zone is being explored to the southwest and to the northeast along a distance of 233 meters, with clay and silica altered rock intersected in each of the drill holes, and is still open in both directions. In addition, drilling intersected highly altered igneous rocks which have been examined by five senior geologists, all of whom have worked in Nevada on Carlin type deposits for no less than 20 years each. They all agree these dikes are likely highly altered lamprophyres commonly found in Carlin style gold deposits in northern Nevada. Lamprophyres are thought to originate from deep crustal or upper mantle regions and extend to the surface along crustal scale structures, which are identified as feeder systems for Carlin gold systems at depth. MAX intends to test this theory during a Phase 2 drill program later this year that will be designed to test these deep targets. Clancy Wendt, VP Exploration for MAX states "We are extremely pleased with our initial exploration results at Table Top. Not only have we intercepted mineralization reported by prior operators but we have also extended the known area of mineralization and determined that it is trending to the southwest, northeast, down dip and is still open. We have not yet determined the full extent of the gold mineralization at Table Top and have only begun to understand the system. We are still developing geologic concepts as to the origin of the mineralization and potential for expanding the known mineralized system, especially given the discovery of lamprophyre dikes." The Table Top gold project consists of approximately 157 claims totaling 3,142 hectares located near the town of Winnemucca in Humboldt County, Nevada and only one half hour by gravel road north of town. The company's address is 400 Burrard Street, 14th Floor, Vancouver, BC V6C 3G2, (604) 643-1719, fax: (604) 643-1789, email: [email protected].