MAX Resources Clrp. (TSX: MXR) President Stuart Rogers talks with ResourceClips about drill results from their Majuba Hil Copper-Silver-Gold Property.l

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Old Mine, New Lustre
MAX Drills Nevada’s Historic Majuba Hil
~ By Greg Klein - November 7 2011
“We’re excited,” says MAX Resource Corp TSX:MXR President/Director Stuart 50.8 g/t silver, 0.31% copper and 0.31 g/t gold over 50.3 metres
Rogers. “We can’t call it a new discovery because it used to be a mine. But we’re just (including 100.1 g/t silver, 0.53% copper and 0.56 g/t gold over 19.8 metres)
thrilled with the results.” The object of his enthusiasm is the Majuba Hill Copper- 15.4 g/t silver, 0.56% copper and 0.07 g/t gold over 45.7 metres
Silver-Gold Property, now the focus of the company’s foray into Nevada. (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
“We’ve got long intervals of high-grade mineralization, and we now have gold in the
system that hadn’t been identified before,” Rogers continues. “We’ve identified other By the time the last results were released, Rogers’ enthusiasm for Majuba Hill
areas to the east and northwest where we can explore. We’re permitted now, and was unshakeable: “We’re getting the drill back on the property, and we’re going to
we’re starting the drill up again now. The next step will be to prove up the size of this drive this project like a truck. If you’ve got results like these, then follow up on them,
resource.” maximize them.”
As for Phase II’s direction, “We’ve identified targets a couple of kilometres to the
northwest and to the east [of the former producing mine] 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 project has yet to produce a resource estimate. “We could do an estimate with
what’s been drilled already, but it’s not going to be the size we need to get attention,”
he says. “What we’re looking at here is a copper-silver porphyry. We think it’s open-
pitable, and right now the stripping ratio looks like it’ll be basically nothing.”
The 1,039-hectare property sits on the Western Nevada Gold Belt, about halfway
between Allied Nevada’s TSX:ANV Hycroft Mine, which produced 102,483 ounces
gold and 233,974 ounces silver in 2010, and Jipangu Inc’s Florida Canyon Mine,
which produced 54,975 ounces gold and 39,903 ounces silver the same year. About
48 miles away lies Coeur d’Alene’s TSX:CDM Coeur Rochester Mine, with 2010
MAX initially looked at three other Nevada properties with equal enthusiasm: Table production numbers of 9,641 ounces gold and 2.02 million ounces silver.
Top (gold), East Manhattan Wash (gold) and Diamond Peak (gold-zinc-silver). Such
were Rogers’ conflicting passions that in September 2010 he told ResourceClips. Apart from productive neighbours, good infrastructure and a mining-friendly jurisdic-
com, “My favourite property changes day to day, as the results come in.” But when tion, Rogers emphasizes the company’s expertise—especially in Director/VP of
the company began drilling Majuba Hill last June, the object of his ardour was set. Exploration Clancy Wendt. He’s a long-time Nevada hand who’s helped discover 12
The property’s Phase II drill program, announced October 31, confirms his new gold deposits in that state alone.
commitment.
Should the company take Majuba Hill into production, Wendt’s contacts would be
An agreement with Claremont Nevada Mines LLC allows MAX to earn an initial 60% especially useful. “Clancy knows the people we can bring in when we get to the
interest in Majuba Hill through US$6.5 million worth of exploration over six years. A development exercise,” Rogers says.
further $3.5 million over two additional years would increase the interest to 75%. The
vendor gets a 3% NSR, 1.5% of which may be purchased for $1.5 million. Notwithstanding his Majuba Hill passion, Rogers hasn’t forgotten East Manhattan
Wash, “a large area of free gold, volcanic tuff and soil samples like 1.2 grams over
Before 1947, Majuba Hill produced grades up to 12% copper and 1,244 grams per a large area,” he says. MAX is currently undergoing a 100% earn-in with MSM LLC.
tonne silver. “It was high grade, just like the stuff the old guys mined by hand,” says MAX can also earn 100% of the Table Top Gold Project from Energex LLC. The com-
Rogers. “These types of places are the best places to start when you want an open pany’s other properties include the Diamond Peak Gold-Zinc-Silver Project and the
pit because you can see the high grade that’s left in the system.” Ravin Molybdenum-Tungsten Project, both in Nevada, and the C de Baca Uranium
Project in New Mexico.
The company’s first Majuba Hill assays, released September 27, include
“Clancy has expertise in all those areas,” says Rogers.
37.5 g/t silver and 0.38% copper over 42.7 metres
(including 364.6 g/t silver and 2.23% copper over 1.5 metres) At press time MAX Resource had 21.7 million shares outstanding at $0.22 a share
“
4.3 g/t silver and 0.05% copper over 257 metres for a market cap of $4.77 million.
(including 12.3 g/t silver and 0.09% copper over 24.4 metres)
A fourth hole released October 12 shows
16.5 g/t silver and 0.28% copper over 89.3 metres
If those holes show there’s some size to this, it
(including 71.6 g/t silver and 0.95% copper over 1.5 metres) will become a development project. We’re try-
ing to go very quickly with the drilling to prove
On October 25 MAX released the final four Phase I assays:
our theory that there’s size to this system
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) – Stuart Rogers
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