MAX Resource Corp. declared that it has received the results from drilling completed in 2008 at the Ravin Molybdenum/Tungsten property in Nevada. For full story, click here
MAX Resource (CVE:MXR) reported today significant moly grades at their Ravin property in Nevada. MXR reported up to 1.397% molybdenum over 1.2 feet and 18.3 feet of 0.2133% moly at only 156 feet depth.
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 resource corp. reported that the 2008 drill program conducted at Gold Hill has expanded the identified mineralized system to the north and northeast and lead to a better understanding of the mineralized system. The company has intercepted 50 feet of 0.1212% Mo and 100 feet of 0.0712% Mo. For full story, click here
Roca Mines Inc. reported its unaudited financial results for the three-month period ended November 30, 2008, including production and sales from the MAX molybdenum mine. The company reported average molybdenum recoveries of over 95% during the quarter. For full story, click here For ROCA’s website, click here
The global economic slowdown is affecting both the demand, and price for molybdenum. To cope, companies are planning output cuts and plotting new investment strategies. For the few companies that have a very strong financial position, they are on the look out for acquisitions.
Roca Mines Inc. provided production review for its MAX Molybdenum Mine and an outlook for ongoing operations. The MAX Molybdenum Mine has recently produced 245,754 lbs of molybdenum during September 2008 and 187,979 lbs of molybdenum during October 2008. For full story, click here For Roca’s website, click here
Roca Mines Inc. (ROK: TSX-V) reported that a possible new molybdenum zone has been found near the recently completed Adit #2 at the MAX Molybdenum Mine. For more information, click here For Roca Mines’ website, click here
Thursday, May 7, 2009