Max Resource Corp. ( TSX-V: MXR )
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October 19, 2007 NEWS RELEASE
HIGH RESOLUTION RADIOMETRIC AIRBORNE SURVEY COMPLETED AT MACINNIS LAKE URANIUM PROJECT, NORTHWEST TERRITORIES
MAX Resource Corp. (TSX.V: MXR; OTC BB: MXROF) has been advised that a High Resolution Aeromagnetic Gradiometer-Radiometric Survey has been completed on the MacInnis Lake uranium project in Canada’s Northwest Territories. The Survey consisted of 2,093 line-kilometers at 100 meter line spacings and was flown by Fugro Airborne Surveys.
The Company believes that the Survey will provide valuable information which will further enhance our uranium exploration capabilities by clearly showing high definition conductive uranium targets at the MacInnis Lake Uranium Project. The results from the Survey will be combined with archived historical drill results to assist the Company in identifying exploration drill targets to be scheduled for the summer of 2008. Drilling will be subject to receiving the required regulatory permits.
The MacInnis Lake uranium claim block consists of 26,184.64 acres located in the Nonacho Basin 150 km northeast of Fort Smith, Northwest Territories and 145 miles northwest of the Athabasca Basin situated in northern Saskatchewan.
The MacInnis Lake Uranium Project and claim-block is known to have widespread surface uranium mineralization, and contains 28 high grade uranium outcrops that were drilled extensively by Shell Oil, Uranerz and PNC Exploration between 1954 and 1988. All uranium exploration and drilling datasets have been archived and recorded by the Geological Survey of Canada and include;
• the DUSSAULT, which has a non-compliant drill indicated inferred resource of 37,000 tons grading 0.17% U308 (the occurrence appears to be open down dip and along strike), values of 0.84% U308 intersected over 2 feet and high-grade samples recovered up to 28% U308.
• the COLE, with numerous trench samples with U308 values reported as high as 3.16%, 5.13% and 20%; and
• the KULT, which has a surface showing 300m x 500m wide with surface uranium and copper mineralization that returned grades up to 3.5% Copper and 3.3% U308.
A Technical Report prepared in accordance with National Instrument 43-101 was previously completed on the MacInnis Lake Uranium Project for Alberta Star Development Corp. (TSX.V: ASX; OTCBB: ASXSF) and is accessible on SEDAR. The historic information provided above predates NI 43-101 and is for reference only. The reader should not infer or assert that the information is correct, reliable, relevant or accurate and it therefore should not be relied upon.
MAX has entered into an option agreement with Alberta Star Development Corp. whereby MAX can earn a 50% interest in the MacInnis Lake Uranium Project by incurring exploration expenditures totaling $2 Million over a five year period. Alberta Star is the operator of the project.
About MAX Resource Corp.
MAX Resource Corp. is a Canadian mineral exploration company that identifies, acquires and finances advanced stage exploration projects. MAX is currently focused on the discovery of uranium, precious metals and base metals, with interests in properties in Alaska, Arizona, Nevada, New Mexico and the Northwest Territories of Canada. For more information, please visit our web site at www.maxresource.com.
On behalf of the Board of Directors of
MAX Resource Corp.
“STUART ROGERS”
Stuart Rogers
President
Contact: Leonard MacMillan, Corporate Communication
Telephone: 800 248 1872 or 604 637 2140
info@maxresource.com www.maxresource.com
THE CONTENTS OF THIS NEWS RELEASE HAVE NEITHER BEEN APPROVED NOR DISAPPROVED BY THE TSX VENTURE EXCHANGE.
This News Release includes certain "forward looking statements". Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause MAX’s actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities,
general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.
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