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08/21/13 - C$0.12
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max resource corp (MXR) Details

Max Resource Corp., an exploration stage company, engages in the acquisition and exploration of mineral properties in Canada and the United States. The company primarily focuses on exploration for copper, gold, silver, zinc, molybdenum, tungsten, and uranium ores. It holds interests in the C de Baca, Diamond Peak, Ravin, East Manhattan, Table Top, and Majuba Hill properties of the United States; and Howell and Crowsnest properties of Canada. The company was formerly known as Vancan Capital Corp. and changed its name to Max Resource Corp. in May 2004. Max Resource Corp. was founded in 1994 and is headquartered in Vancouver, Canada.

Founded in 1994

max resource corp (MXR) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: --
Vice President of Exploration and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2012.

max resource corp (MXR) Key Developments

MAX Resource Corp. to Drill Test Ridge of High Grade Copper and Silver Mineralization Sampled at Majuba Hill, Nevada

MAX Resource Corp. has identified and mapped a ridge of high grade copper/silver mineralization at Majuba Hill that will be drill tested as soon as weather permits. This high grade mineralization sampled at surface and in a short adit has been intersected at depth by MAX during drilling in 2012 (hole MM-21) and Minefinders in 1975 (MF-1) and was identified during review of sampling results recorded by a prior operator, Minterra Resources, in 2007 and never reported in their entirety. MAX has now mapped the high grade samples and they highlight a zone 250 meters across that outcrops on Majuba Ridge. MAX's drill hole MM-21 is located approximately 250 m southeast of the middle portal of the past producing Majuba Hill mine, where MAX drilling in 2011 high grade copper/silver supergene oxide mineralization over long intervals. Hole MM-21 was drilled at -45 and an azimuth of 068 and intercepted 332 m @ 12 g/t Ag and 0.13% Cu beginning at 12 m from surface and appears to have intersected the surface mineralization identified above at depth. According to data obtained by MAX, Minefinders Exploration drilled hole MF-1 a further 250 meters to the southeast of hole MM-21 at an azimuth of 288 and a -54 angle to a total depth of 707 meters. This information was obtained from a reliable source but readers are cautioned that this information predates NI 43-101 and may not be NI 43-101 compliant; it is provided for information purposes only and should not be relied upon. No qualified person has verified the information on behalf of MAX. Hole MF-01 was assayed on 3 meter intervals and contained 155.4 m @ 9.23 g/t Ag and 0.221% Cu starting at a down hole depth of 220 meters. Minefinders hole MF 2 was drilled at the same location as MAX's hole MM-17 to a depth of 387 m and intercepted 30.5 m @ 0.60% Cu from 85.3 m to 115.8m. It also contained 91.4 m @ 11.2 g/t Ag from 42.7 m to 134.1 m, inclusive of 9.1 m @ 53.0 g/t. These drill results, combined with the results from hole MM-21, serve to expand the known mineralized silver/copper zone for 500 m to the southeast and to a depth of at least 350 m from surface. Twenty nine (29) rock select, chip, and grab samples were taken from outcropping mineralization, historic prospect pits, and an underground adit in this area of Majuba Ridge. Values obtained ranged from 80 ppm Cu and 2.65 ppm Ag to 7.72% Cu and 174 ppm Ag. Majuba Hill is the site of numerous past producing mines, with historic production reported of 12% Cu (Mason Valley Copper, 1918) and silver grades up to 40 oz/t Ag. Majuba Hill encompasses 2,568 acres of surface and mineral rights that includes patented lode mining claims. The property is easily accessed via 23 miles of well-maintained dirt roads leading from U.S. Interstate 80, and lies 30 miles northwest of Coeur Mining's Rochester silver mine, which contains a NI 43-101 compliant Measured and Indicated Resource of 263.9 million tons grading 0.46 oz/ton Ag and 0.004 oz/ton Au.

Max Resource Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Max Resource Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, loss from operations before other items was CAD 114,749 against CAD 135,534 a year ago. Total loss and comprehensive loss for the period was CAD 779,243 or CAD 0.03 per basic and diluted share against CAD 1,310,135 or CAD 0.05 per basic and diluted share a year ago. For the nine months, loss from operations before other items was CAD 356,502 against CAD 558,205 a year ago. Total loss and comprehensive loss for the period was CAD 1,018,800 or CAD 0.04 per basic and diluted share against CAD 1,730,121 or CAD 0.07 per basic and diluted share a year ago. Net cash flows used in operating activities was CAD 165,447 against CAD 517,878 a year ago. Expenditures on exploration and evaluation assets was CAD 62,978 against CAD 490,194 a year ago.

Max Resource Corp. Receives Assay Results from Additional Bulk Sampling Completed At East Manhattan Wash Gold Project in Nevada

MAX Resource Corp. has received assay results from additional bulk sampling completed at the East Manhattan Wash gold project in Nevada. This bulk sampling was undertaken to prepare for drilling planned for this fall by following up on sampling conducted in 2009 that recovered 4.9 g/t Au and 1.2 g/t Ag from a 793 pound sample taken at surface within a gold mineralized soil anomaly exposed over a surface area in excess of 1,650 m by 450 m feet in size. Just north of this area, the very small streams all contain free gold that can be recovered by conventional gold panning techniques. Mineralization appears to be free gold in a volcanic lithic welded tuff. During the current program, two 10 kg samples were taken, one from the same area as the 2009 bulk sample and the second from an area approximately 150 meters to the east. The first 10 kg sample returned 1.5 g/t au and the second sample returned 0.87 g/t Au.


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