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Max Resource Corp V.MAX

Alternate Symbol(s):  MXROF

Max Resource Corp. is a Canada-based mineral exploration company advancing the newly discovered district-scale wholly owned Sierra Azul Copper-Silver Project in Colombia and its wholly owned Floralia Hematite Iron Ore Project in Brazil. The Sierra Azul Project is a district-scale copper-silver project spanning 120-km along the 200-km-long Cesar Basin in the mining region of northeastern Colombia. The Project consists of 20 mining concessions spanning over 188 square kilometers (km2). Its exploration is focused on three districts at Sierra-Azul: AM District, Conejo District, and URU District. The Floralia Hematite Iron Ore Project is located 70 km southeast (SE) of Belo Horizonte, Minas Gerais. The Floralia Hematite open cut is of significant size consisting of five benches rising to 48 meter (m) and 160 m in width revealing plunging bands of hematite iron ore at the base, and sub-horizontal banding at the top of the open cut and is open in all directions.


TSXV:MAX - Post by User

Bullboard Posts
Post by sunwoodon Dec 10, 2009 1:36pm
518 Views
Post# 16574099

Glacier National Park

Glacier National ParkCompany claims rich gold find north of Glacier
Thursday December 10, 1:22 pm ET
Company claims rich gold find in British Columbia, north of Glacier National Park


MISSOULA, Mont. (AP) -- A Canadian mining company said sample drilling indicates a rich gold find in southern British Columbia, adding to concerns about natural resource development just north of Glacier National Park.
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Max Resource Corp. drilled 26 sample holes on a ridge about 10 miles north of Glacier National Park over the summer and announced that some of the samples are rich in gold. The company said it found more than 19 grams of gold per ton of ore at one site, including a 5-foot section that rated at 50.26 grams per ton.

Luke Popovich with the National Mining Association estimated the average concentration for an operational mine is 2 to 3 grams per ton.

"We are extremely pleased with our initial exploration results at Crowsnest," said Clancy Wendt, vice president of exploration at Max. "Not only have we intercepted high-grade gold at Crowsnest, but we have also extended the known area of high-grade mineralization."

The find is not good news for several Montana interests that have long opposed industrial development in the headwaters of Glacier National Park.

For three decades, the province and state have battled over development in the Canadian Flathead. Past proposals have included coal and coal-bed methane projects. Opponents are concerned about their effect on water quality, fisheries and wildlife.

Max Resource's "ongoing and active mining exploration in the headwaters is certainly another cause for concern," said Will Hammerquist of the National Parks Conservation Association.

In 1995, the United Nations Educational Scientific and Cultural Organization declared Waterton Lakes National Park and Glacier National Park as a world heritage site. This fall, UNESCO sent a team to the area to determine if it should be labeled a world heritage site in danger. No determination has been made.

Max Resource plans to continue sampling in 2010, Wendt said. The Crowsnest includes 15 claims over about 7,760 acres south of Fernie, British Columbia.

"There are many other areas at Crowsnest where significant gold values were reported by prior operators that have never been followed up," he said.

Information from: Missoulian, https://www.missoulian.com


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