Yesterday morning, MAX Resources reported that a bulk sample taken on its East Manhatten Wash property, in Nevada, yielded 4.9 g/t of gold per ton and 1.2 g/t ton silver. What got them moving from a previous outcrop sample to 793 lb's worth of bulk was a sighting of free gold. The news release explains the metholology used to assay the sample, and announces plans to take soil and auger drill samples in the immediate area. More land around the East Manhattan Wash property has been staked.
MAX didn't trade at all yesterday; its last close was at 11 cents on March 5th. As of the time of this posting, the bid-ask is 11.5 - 14 cents.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Wednesday, March 11, 2009
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