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Gold/Mining/Energy : MXR MAXIMUM RESOURCES INC. (VSE:MXR) UP?

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From: canucklehead8010/10/2012 4:10:19 AM
   of 751
 
Oxides In Nevada
MAX’s Stuart Rogers Talks About Majuba Hill
Kevin Michael Grace


October 10, 2012 - MAX Resource Corp V.MXR announced October 2 assays from seven drillholes at its Majuba Hill project in Nevada. MAX may earn 60% Majuba Hill from Claremont LLC by spending US$6.5 million on exploration. The results were:

0.5% copper, 36.4 grams per tonne silver over 1.5 metres (92.3 g/t silver equivalent)
0.58% copper, 17.7 g/t silver over 2.7 metres (72.7 g/t silver equivalent)
0.57% copper, 28 g/t silver over 7.8 metres (81.5 g/t silver equivalent)
(including 2.13% copper, 101.9 g/t silver over 1.5 metres) (342.2 g/t silver equivalent)
0.34% copper, 18.5 g/t silver over 1.6 metres (50.6 g/t silver equivalent)
0.39% copper, 26 g/t silver over 1.5 metres (63.2 g/t silver equivalent)
0.7% copper, 38.8 g/t silver over 6.4 metres (105.1 g/t silver equivalent)
(including 1.26% copper, 81.7 g/t silver over 1.6 metres) (200.8 g/t silver equivalent)
(including 1.47% copper, 65.6 g/t silver over 1.8 metres) (204.6 g/t silver equivalent)

MAX may increase its interest to 75% by spending a further $3.5 million on exploration. The property is subject to a 3% net smelter royalty, half of which may be purchased for $1.5 million.

Max President Stuart Rogers spoke to Kevin Michael Grace October 2; read the interview here.
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