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News flow expected from several
properties could provide boost to
shares.
Paul John: Director
Mr. John graduated from the University of Victoria, B.C. with a Bachelor of
Arts degree, majoring in Economics and Political Science. From 1971 to 1979,
he worked with the Hudson Bay Company, a national Canadian department
store chain, rising to the senior executive level. In 1980, he acquired a
WorkWear World franchise in the interior of British Columbia, developing this
initial location into 19 stores in B.C. and the Yukon Territories, with annual
sales of $18 million when sold to Mark's Work Warehouse, a TSX listed
company, in 1999. Mr. John is currently General Franchise Manager for
WorkWear World in Western Canada.
Catalysts for Share Appreciation
1) Gold Hill exploration results: The 2008 drilling program set out to expand
the known mineralization zone, and follow up some higher grade showings
from last year. Results are expected in November, and the Company has
hinted at “significant visible mineralization … in holes that are indicating the
direction of major mineralization” in its August 18 press release.
2) Ravin exploration results: Again, according to an August news release
“significant visible molybdenum” was seen in the first hole, though assay
results are not expected until November or December. The Ravin property is
50 miles away from General Moly Inc.’s Mount Hope Mine, so there may be a
natural partner to monetize or joint venture the project if exploration is
successful.
3) Nustar radon probe results: The Company has 34 topographical targets
(potential breccia pipes) to test for uranium signatures. The results of this
program should outline the priority drill targets to delineate uranium
resources. Recall that Pathfinder needed as little as 18 drill holes in a nearby
pipe to delineate a saleable resource for Denison.
4) C de Baca asset: The historical work done on the property by Oxymin in the
1980s had indicated an exploration target of 1.67 million tons of 0.18% U3O8
(non 43-101 compliant). Oxymin determined that the resource may be
amenable to in-situ leaching mining methods, and we expect to see MAX try to
enlist some help on this project from a partner with in situ expertise.
5) Howell drill results: Eastfield and MAX have drilled ten holes totaling 1,300
meters on the Howell property in British Columbia, following up on some high
grade gold showings from prior years.
6) Diamond Peak - Kokanee Placer Ltd has filed its preliminary prospectus
and is working towards becoming a public entity, with its option to acquire up
to 51% of the Diamond Peak property as its qualifying transaction. Once this
happens we should see advancement of the property and the resulting news
flow, which should be beneficial to MAX.
Considering the Company is trading at its cash level, we feel that MAX
Resources has enough irons in the fire to create value over the next year.
Please do your due diligence
Cheers