MAX has entered into a Letter of Intent, through its wholly-owned subsidiary PGE Americas Metals Corp., to acquire 100% of the EBAY Palladium Project located 30-km SE of Matagami in the Abitibi Region of Quebec, Canada. It is underlain by the Archean Bell River Complex, a layered mafic intrusion measuring 65-km by 15-km and 5-km thick. Excellent access to the Project is via a network of logging roads and trials.
Highlight results from historic exploration between 2000 to 2008 include:
The Company cautions investors that grab samples are selected samples and are not necessarily representative of mineralization hosted on the Project. The Company also cautions investors it has not yet verified any of the historical exploration information (Refer to Hinterland Metals AR 2005, October 10 & 17, 2006 News Releases; drill results from Hinterland Metals November 21, 2006, March 13, 2007 & April 10, 2008 News Releases).
"The current palladium price of US$1,550 per/oz is seven-times the 2003 price of US$201 and the current US$5,500 per/oz rhodium price is eleven-times the 2003 price of US$476, making the EBAY project an excellent exploration project for our wholly-owned subsidiary, PGE Americas Metals Corp. The EBAY team plans to initiate an exploration program followed by drilling."- Brett Matich, Max Resource Corp. CEO