MAX Resource Corp – Moly, Gold and Uranium

Tue, Feb 24, 2009

Overview

MAX Resource Corp. is a Canadian based exploration company with a diversified portfolio of mineral exploration projects in Canada and the Western United States. Our properties include molybdenum in Alaska and Nevada, gold in Alaska, Nevada and British Columbia and uranium in New Mexico, Arizona and northern Canada.

MAX has completed four separate drill programs in 2008, at Gold Hill in Alaska (Molybdenum), Ravin in Nevada (Molybdenum), Howell in B.C. (Gold) and at Indata in B.C. (Gold/Copper).

Property Summaries

Gold Hill (90%)

Molybdenum/Gold in Alaska – A 2008 ten hole drill program in Alaska followed up on a five hole drill program MAX conducted in 2007 that intersected significant molybdenum mineralization over long intervals starting at surface and ending in mineralization at depth in four of the holes. Gold Targets outlined by previous exploration at Gold Hill (including drilling conducted by MAX in 2004) are now being considered for further exploration in 2009. MAX is earning a 90% interest from GCO Minerals and is ahead of schedule having spent in excess of US$2.1 million of a US$2.5 million of required exploration by Dec. 31, 2011, no further exploration is required until 2011.

Drilling highlights include 15.2 meters of 0.1212% Mo and 30.5 meters of 0.0712% Mo. Gold targets outlined by previous exploration at Gold Hill (including drilling conducted by MAX in 2004) are now being considered for further exploration. Historic drill results from the 80’s included 1 meter of 54.3 g/t gold and 3 meters of 13.31 g/t gold.

Ravin Property (100%)

Molybdenum/Tungsten in Nevada – MAX is focusing on a skarn/intrusive system containing high grade Molybdenum and Tungsten. Drilling followed up on the results of historic work by Freeport Exploration and Houston Oil and Minerals that reported drill intercepts that included 30 ft of 0.66% Mo and 250 feet of 0.062% Mo starting at 100 feet from surface (includes 50 feet of 0.13% Mo).

Results from the 2008 drilling program at Ravin included 5.6 meters of 0.2133% Mo and 0.37 meters of 1.397% Mo. High grade mineralization (greater that 0.6% Mo) reported at a depth of 790 feet by Houston Oil and Minerals was not tested due to the water problems, lost circulation and poor recoveries encountered.

Crowsnest(100%)

Gold in British Columbia – Comparisons have been made between the Crowsnest Project and the Cripple Creek deposit located in Colorado. Cripple Creek, in production since 1890, has produced in excess of 23.3 million ounces of gold (to 2005) and continues to be mined by Anglo Ashanti Gold Mining. The properties are considered similar partially due to significant amounts of tellurium at Crowsnest which is also found on the Cripple Creek property and Rattlesnake property in Wyoming belonging to Evolving Gold (TSX.V: EVG).

Trenching asseys reported in October, 2009 include greater than 100 g/t Au. This was found in mineralization exposed by new trenches at Crowsnest. MAX has completed a 26 hole drilling program, assays expected in November, 2009.

East Manhattan Wash

Gold in Nevada – The East Manhattan Wash project is located eight miles south of the Kinross/Barrick Round Mountain mine where in excess of 14 million ounces of gold have been produced to date. A bulk sample taken in 2009 recovered 4.9 g/t Au from a 793 pound sample. Drilling is planned for early 2010. The property is comprised of 133 claims (2,660 acres) located 40 miles north of the town of Tonopah, Nevada. We believe that the EMW claims offer the opportunity to find high grade gold deposits within a well known mineralized province.

Table Top Property

Gold in Nevada – Table Top is located 10 miles northwest of the town of Winnemucca, Nevada. The property consists of 32 claims (640 acres). Permitting is underway for a November drill program.

During the 1980’s Gold Field’s, Meridian Minerals and Santa Fe Mining conducted exploration on and around the Table Top property. A trench containing 4 g/t gold over 1.5 meters was tested by a limited (ten-hole) drilled program that intercepted 16.8 meters at 0.84 g/t gold from surface. MAX believes that drilling should have been conducted to the south instead of the north and will test this theory during a planned November drill program.

C de Baca (100%)

Uranium in New Mexico – A 14 hole drill program conducted in 2007 to follow up on historic Occidental Minerals drilling was successful in confirming historic uranium grades. Highlights included hole CDB-6, which returned 6.5 feet of 0.136% eU308 starting at a depth of 155 feet and a five foot section of 0.167% eU308 at 170 feet. All uranium mineralization was within 200-300 feet of surface. Drill permits are in place for a diamond drill program designed to detail and investigate the higher grade mineralized zones.

NUSTAR Project (100%)

Uranium in Arizona – MAX is targeting uranium breccia pipe mineralization common to the “Arizona Strip” of the Colorado Plateau in northwest Arizona. The NUSTAR property is on trend with existing uranium mines, with Quaterra Resources (Amex: QTA) having recently announced two new uranium discoveries in the area. Thirty-four collapsed structures indicative of breccia pipes have been identified at NUSTAR, with a radon survey to be conducted in late 2008 to prioritize drill targets.

Howell and Indata Properties (60%)

Gold in British Columbia – MAX has an option to acquire a 60% interest from Eastfield Resources (TSX.V: ETF) in the Indata project located in north-central British Columbia and the Howell property in southeastern B.C. A 1,300 metre drill program was recently completed at the Howell gold project where prior drilling has included 1.23 grams per tonne gold over 58 metres, 0.95 gram per tonne gold over 39 metres, 0.65 gram per tonne gold over 82 metres, and 0.57 gram per tonne gold over 149 metres. Drilling was completed in October at the Indata gold/copper property, where historic drilling identified two exploration targets on the property, structurally controlled precious metal veins and porphyry copper. Historic results included drill hole 88-11, drilled in 1988, which intersected altered and weakly chalcedonic veined ultramafic grading 46.2 g/t gold over 4 metres.

Management

Stuart Rogers, President. Mr. Rogers has been involved in the venture capital community since 1987. He is currently the President of West Oak Capital Group, Inc., a privately held investment banking firm specializing in the early stage finance of resource and technology projects through the junior capital markets in Canada and the United States, and has served as a director of client companies listed on the TSX Venture Exchange, the Toronto Stock Exchange, NASDAQ Small Cap and NASD OTC Bulletin Board.
Clancy Wendt (P.Geo), Vice-President Exploration. A consulting geologist credited with the Mt. Hamilton molybdenum/gold discovery in the Carlin Trend of Nevada, Mr. Wendt has prior experience in gold, silver, base metal and uranium exploration with such notable exploration companies as Phillips Uranium, Teton Exploration, Duval and Westmont. He has conducted all phases of uranium, gold and base metal exploration, from conceptual targeting to drilling and evaluation, with extensive experience in the United States and Mexico as well as Central and South America.
Daniel MacInnis (P. Geo), Director. Currently the President and Chief Executive Officer of MAG Silver Corp. (TSX: MAG; AMEX: MVG) Mr. MacInnis has over 30 years of experience in property acquisitions and joint venture negotiations, with a significant number of mineral discoveries having been made under his guidance. In addition, he has managed and directed multi-million dollar exploration programs for Noranda Exploration, Battle Mountain Gold/Hemlo Gold, and Sargold Resources.
Tim Coupland, Director. President of Alberta Star Development Corp. (TSX-V: ASX), a well-financed exploration company focused on uranium exploration in the Northwest Territories of Canada.
David Pearce, Director, CFO. Mr. Pearce owns a private real estate development and investment company and was a founding shareholder and director of MAG Silver Corp.

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Analyst Reports

Speculative Buy report from Gateway Securities

In the Media

Max Resource in the Gold Newsletter January, 2010

Latest News on MAX Resource

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Share Information

Share Structure

Shares Outstanding:

Options:

Fully Diluted:

Stock Exchange:

Cash & Cash Equivalents:

21,699,230

1,975,000

23,674,230

TSX-V: MXR, OTC: MXROF

C$3.3m at Nov. 2009

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