|By Marketwired .||
|July 21, 2014 10:34 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/21/14 -- MAX Resource Corp. (TSX VENTURE: MXR)(OTCBB: MXROF)(FRANKFURT: M1D) has commenced drilling at its East Manhattan Wash gold project in Nevada. This eight hole (720 m) drill program will be the first known drilling to be conducted at East Manhattan Wash, where surface sampling by MAX has identified a soil anomaly exposed over a surface area in excess of 1,650 m by 450 m that returned values ranging from 0.05 ppm to 1.5 ppm (1.5 g/t) Au in soils. During an initial bulk sample conducted in 2009, MAX recovered 4.9 g/t Au and 1.2 g/t Ag from a 793 pound sample taken at surface. Mineralization appears to be free gold in a volcanic lithic welded tuff that will be drill tested to determine the overall depth of the gold mineralization, extend the known mineralization below the overburden and/or alluvium cover, and determine the overall grade.
The EMW property is comprised of 78 claims (1,560 acres) located in the Manhattan Mining District 40 miles north of the town of Tonopah and eight miles south of the Round Mountain Mine (jointly owned by Kinross and Barrick), a conventional open pit operation that has produced more than 12 Moz of gold to date. For 2013, Kinross Gold reported a proven and probable gold resource at Round Mountain (net to its 50% interest) of 42.147 million tonnes at 0.68 g/t Au.
This news release has been reviewed by Mr. Clancy J. Wendt, P. Geo, a "qualified person" as that term is defined under National Instrument 43-101.
About MAX Resource Corp.
MAX Resource Corp. is a Canadian exploration company focused on gold and silver exploration in Nevada. For more information, please visit our web site at www.maxresource.com.
On behalf of the Board of Directors of MAX Resource Corp.
Stuart Rogers, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release includes certain "forward looking statements". Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause MAX's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.
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