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Max Resources’ Table Top Gold

MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has filed permit applications for a 16 hole diamond drill program to be conducted at its recently acquired Table Top gold project in Humboldt County, Nevada. Prior to drilling, up to 12 trenches will be completed to expose the bed rock for sampling. The Table Top property consists of 32 claims (640 acres) located 10 miles northwest of the town of Winnemucca, Nevada, just off of the Interstate 80 highway.

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, the recently announced Sandman gold deposit (a joint venture between Newmont Mining Corporation and Fronteer Development Group Inc.) 8 miles to the north, and the Gold Banks gold occurrence to the south. This zone of mineralization is along the Kings River Rift, a regional feature which appears to control mineralization in the area.

Clancy Wendt, VP Exploration states “In preparation for this drill program, MAX has obtained and reviewed aerial photos, geology maps, geochemical assay maps, and geophysics which covers IP, SP, and Magnetics, as well as data from the limited drilling conducted on the property. As a result, we have identified previously unreported structures that support our theory that prior drilling was drilled down the dip of the beds and thus missed the mineralized zone. We feel that the Table Top area is geologically favorable for the discovery of a medium-sized high grade, bonanza style gold deposit in a near surface environment.”

During the 1980's Gold Fields, Meridian Minerals and Santa Fe Mining conducted exploration on and around the Table Top property. A limited exploration program 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 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 direction and should have been drilled to the south instead of to the north. MAX intends to test this theory during drilling, which will be undertaken in early 2010 following receipt of the necessary permits.

The Fronteer Development Group Inc. (TSX: FRG) has an option and joint-venture agreement with Newmont USA Limited, a subsidiary of Newmont Mining Corporation, to rapidly advance the Sandman Gold Deposit mentioned above, to a production decision within 36 months. The agreement gives Fronteer exposure to potential, near-term U.S. production in partnership with one of the world’s largest gold producers. Newmont may earn up to a 60% interest in Sandman by investing $23 million in advancing the project.

Follow the company’s progress online at http://www.maxresource.com.

SOURCE: http://www.midasletter.com/news/09120901_Max-Resources-Table-Top-Gold.php


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