Monday 10th December 2018

Resource Clips

MAX President Stuart Rogers on Nevada assays of 39.2 g/t silver over 96m

Resource Clips - essential news on junior gold mining and junior silver miningMAX Resource Corp TSXV:MXR announced assays from its Majuba Hill Copper-Silver Project in Nevada. Results include

39.2 g/t silver, 0.57% copper and 0.1 g/t gold over 96 metres
(including 71 g/t silver, 1.14% copper and 0.15 g/t gold over 44.2 metres)
50.8 g/t silver, 0.31% copper and 0.31 g/t gold over 50.3 metres
(including 100.1 g/t silver, 0.53% copper and 0.56 g/t gold over 19.8 metres)
15.4 g/t silver, 0.56% copper and 0.07 g/t gold over 45.7 metres
(including 39.3 g/t silver, 0.54% copper and 0.11 g/t gold over 9.1 metres)
3.08 g/t silver and 0.06% copper over 111.2 metres

President/Director Stuart Rogers tells, “We’re excited. We can’t call it a new discovery because it used to be a mine. But we’re just thrilled with the results. We’ve got long intervals of high-grade mineralization, and we now have gold in the system that hadn’t been identified before. We’ve now identified other areas to the east and northwest where we can explore. We’re permitted now, and we’re starting the drill up again now. The next step will be to prove up the size of this resource.

We’re getting the drill back on the property, and we’re going to drive this project like a truck. If you’ve got results like these, then follow up on them, maximize them—Stuart Rogers

“We were very optimistic these results would be good because we were on an old mine site. But these results are better than anyone had before. So we’re getting the drill back on the property, and we’re going to drive this project like a truck. If you’ve got results like these, then follow up on them, maximize them.

“We’re in a good mining district,” he adds. “I think what we’ve indicated here is a bulk-tonnage, open-pit deposit. This mineralization starts basically at surface. One hole is 96 metres of 0.57% copper, 39 grams per tonne silver that starts just one and a half metres in. Everything’s very close to surface.

“We’ve identified targets a couple of kilometres to the northwest and to the east that we’re going to drill. If those holes show there’s some size to this, it will become a development project. We’re trying to go very quickly with the drilling to prove our theory that there’s size to this system,” Rogers says.

“The first step will be this five-hole drill program to the east and the northwest. Then we’re going to drill under the former mine. You couldn’t really drill that unless you go down through the mine. That’s on BLM [Bureau of Land Management] land outside of the patented lands. The BLM land is down the hill from the deposit, so now we can go down the hill and drill back in underneath the mine. So we’re going to do that as well.

“The mine operated around the turn of the century, then during World War II the US Bureau of Mines took it over for the war effort. It was high grade, just like the stuff the old guys mined by hand. These types of places are the best places to start when you want an open pit because you can see the high grade that’s left in the system. With an open pit we’d probably be processing for about $6 a tonne for the rock.

Rogers concludes, “We think we’re proving [VP of Exploration Clancy Wendt’s] theory that this is a large-scale copper-silver porphyry, and it’s now copper-silver-gold. We’re going to work very quickly to see if we can prove this up. Bulk-tonnage, open pit, middle of Nevada, 23 miles from a highway—how much better can it get?”

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Leonard MacMillan
Corporate Communication

by Greg Klein

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