Max Resource Corp (TSXV: MXR) this morning released assay results for its RT Gold project located in Peru. The assays come from that of historic drill core that the company obtained from a program conducted on the property in 2001. Highlights from the results include 18.8 g/t gold over 16 metres.
The results come from a 1,600 metre diamond drill program conducted at the Tablon zone on the property. The Tablon zone is said to be a high grade gold bearing massive sulfide zone, with the zone consisting of a 1.5 kilometre by 1.0 kilometre area, with expansion potential said to be significant. Further analysis of the historic core is being conducted as a means of guiding high-priority drill targets for the future.
Several highlights were made by the company on the results, including the following:
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- 18.8 g/t gold over 16-metres from 35-metres (RT-29)
- 13.0 g/t gold over 3-metres from 33-metre (RT-25)
- 8.8 g/t gold over 25-metres from 13-metres (RT-13)
- 7.0 g/t gold over 6-metres from 0-metres (RT-26)
- 5.3 g/t gold over 17-metres from 12-metres (RT-11)
- 5.0 g/t gold over 9-metres from 2-metres (RT-21)
- 4.9 g/t gold over 14-metres from 41-metres (RT-22)
- 3.1 g/t gold over 21-metres from 9-metres (RT-6)
The drill program conducted on the property consisted of 33 drill holes in total, with depths drilled ranging from 10.4 metres to 132.5 metres. Drilling was conducted within a 400 metre by 200 metre area, with gold values ranging from 3.1 g/t to 118.1 g/t. Only gold assays were available to the company in the current assays, with re-assying to occur to get the entire multi-element results.
The RT Gold property as a whole consists of 1,983 hectares of land located northwest of Lima, Peru. The property has two notable zones, which include the Tablon zone, as discussed above, as well as the Cerro zone. Cerro, at 2.0 kilometres by 1.5 kilometres, is a high grade gold bearing porphyry zone.
Full assay results reported this morning can be found here.
Max Resource Corp last traded at $0.405 on the TSX Venture.
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