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MAX Power Identifies New Zinc Zone at Nicobat

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MAX Power Identifies New Zinc Zone at Nicobat

 

 

 

 

 

MAX Power Mining Corp. (CSE: MAXX) has received all results from a reconnaissance diamond drilling program at its Nicobat Property situated in northwestern Ontario’s Potts Township about 20 km southeast of New Gold’s Rainy River gold mine. The Company’s drill program targeted a series of geophysical conductors. These conductors appear to map out bands of pyrrhotite mineralization seen on the Property. The drill program comprised four holes totaling approximately 668 metres.

 

Of most interest to MAX Power is the discovery of a zone of elevated zinc mineralization. The highest zinc value intersected was 1.02%. Refer to table 1 for the details of this zinc zone. Regarding other metals, drill hole MPN22-04 had the highest Copper (1,415 ppm), Cobalt (393 ppm), and Nickel (331 ppm) values. Table 2 outlines the location and additional drilling details.

 

Mr. Rav Mlait, CEO of MAX Power, commented: “Our initial four-hole program at Nicobat outlined a new zinc zone seen in three of the four holes, which warrants potential follow-up in the future. MAX continues to evaluate project opportunities targeting key commodities.”

 

Table 1: Selected Zinc Results from the Drill Program*

 

Drill From To Length Zinc
Hole (m) (m) (m) (ppm)
MPN22-02 161.05 163.27 2.22 1,164
Including 162.97 163.27 0.30 4,200
 
MPN22-03 112.90 113.95 1.05 3,950
 
MPN22-04 137.18 138.95 1.77 2,428
Including** 138.70 139.00 0.30 10,200

*Drill hole intersections are core lengths, true widths unknown at this time.
** This sample assayed >10,000 ppm (above detection limit) and after re-analysis had a value of 1.02% Zn.

 

 

Table 2: Details of the Drill Program

 

Drill
Hole
Easting
NAD83Z15
Northing
NAD83Z15
Elevation
(metres)
Dip
(degrees)
Azimuth
(degrees)
Length
(metres)
MPN22-01 436,253 5,408,835 391.5 -60 080 200.6
MPN22-02 436,449 5,408,632 406.3 -70 260 170.0
MPN22-03 436,422 5,408,459 393.0 -75 280 125.0
MPN22-04 436,459 5,408,263 385.0 -60 090 173.0
  668.6

 

About the Drill Program and Sample Analysis

 

MAX Power’s geological consultants, Ronacher McKenzie Geoscience of Sudbury, Ontario oversaw the drill program. The holes were drilled by Asinike Diamond Drilling of Pawitik, Ontario.

 

Samples were assayed by ALS Global (Canada). Samples were all logged and crushed to 70% being less than 2 mm. Crushed samples were then pulverized up to 250 grams where 85% was less than 75 microns and split. The prepared samples were analyzed for 48 elements using a four-acid digestion with an ICP-MS finish. Overlimit ore grade samples were further analyzed with a four-acid digestion. Ore grade zinc samples were also analyzed using a four-acid digestion. Specific samples were submitted for fire assay and ICP-MS finish for platinum, palladium and gold.

 

Qualified Person

 

The technical information in this news release has been reviewed and approved by Thomas Clarke, P.Geo., and Director for MAX Power Mining Corp. Mr. Clarke is the Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.

 

About MAX Power

 

MAX Power is a dynamic exploration stage resource company currently engaged in the identification, acquisition and exploration of high-grade projects in mining-friendly jurisdictions. Its current focus is the Nicobat Project in Northwest Ontario’s Rainy River district that hosts New Gold’s Rainy River gold mine.

Posted November 4, 2022

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