page 6
Following up on historical
molybdenum showings
Ravin:
In September 2007, MAX entered into an option agreement to acquire a 100%
interest in the Ravin molybdenum/tungsten property in Lander County,
Nevada. The Ravin property is approximately 50 miles west of the Mount Hope
molybdenum mine (General Moly, Inc), which is scheduled to begin production
in late 2010. The Ravin Property comprises 162 claims, and has had
previously been explored by Freeport Exploration, Houston Oil and Union
Carbide. Under the terms of the option agreement, MAX paid US $5,000 upon
the execution of the agreement, with US$ 25,000 payable after one year;
$35,000 after two years, and US$50,000 on each anniversary thereafter.
In historical drilling, significant molybdenum intercepts were found by both
Houston Oil (30 feet of 0.66%Mo) and Freeport Exploration (250 feet of 0.063%
Mo beginning at a depth of 100 feet). The Company commenced an eight hole
drill program in July to confirm and delineate the resource.
During this year’ early drilling, the rock proved to be extremely fractured,
causing excessive loss of circulation and limiting the effectiveness of the
diamond drill in the first holes drilled. In the three completed diamond drill
holes, the Company saw visible molybdenum, but continuous assays will not
be possible. Samples from competent core will be assayed. The Company is in
the process of drilling the other permitted drill locations with a reverse
circulation drill; again, results are expected in November.
Please do your due diligence
Cheers