Max Power Mining Corporation
VANCOUVER, British Columbia, July 24, 2023 (Globe Newswire) — MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”) announced that a recently completed geophysical study by Hasbrouck Geophysics, Inc. on its wholly-owned Wilcox Playa Project (3,754 acres) in Arizona revealed multiple announced that a high-concentration substance had been identified. Priority training targets are approximately 6 miles (10 km) from the northernmost claim to the southernmost. We target both potentially large saline aquifer regions and concurrent claystone mineralization at Wilcox. The land is now considered ready for drilling and approval for Phase 1 drilling is currently underway.
The fact that the playa is a low gravity, hydrologically isolated basin near the center, as demonstrated by the Arizona Department of Water Resources, suggests the presence of a closed hydrological reservoir. HSAMT and gravity studies strengthen the potential for accumulation and enrichment of lithium on this land.
additional highlights
- A gravity and hybrid source acoustic magnetodynamics (HSAMT) survey was completed throughout the site, measuring gravity and resistivity on a 500m x 500m grid. As a result, a set of high-priority lithium drill targets was identified, outlined in Figure 1.
- MAX Power has determined that the target zone can reach approximately 1 mile (1,600 m) in thickness.
- MAX Power recreated relevant geophysical surveys completed by the United States Geological Survey (USGS) in the 1960s and 1970s.
Location and Lithium Possibilities
The 50-square-mile (129-square-kilometer) Wilcox Playa, located about 200 miles southeast of Phoenix in Cochise County, has been historically referred to by the United States Geological Survey (USGS) after limited drilling in the 1970s as one of the most promising sites for lithium in the western United States, with potential similar to Clayton Valley, Nevada and confirmed lithium brine and claystone deposits. there. Decades of U.S. Air Force activity at Wilcox Playa ended, and the MAX benefited from first-mover advantage, securing three well-located blocks mostly rented from Arizona. The area is surrounded by excellent infrastructure including railroads, roads and services in the nearby town of Wilcox.
Wilcox Playa Video
To view the Willcox Playa video, click here. https://vimeo.com/840488036?share=copy
Figure 1 – Drill target
The first four drill targets cover both low resistivity (<20 Ohm meters) and low gravity (<165 milligal) regions. This resistivity planning map is located 100 meters below the surface. The target appears to be from the surface to a depth of about 600 meters.
Figure 2 – Section map
The Hasbrouck Report included a section showing the prevalence of resistivity and gravity anomalies at depth. Figure 2 is one such cross-section showing an anomaly in cross-sectional resistivity.
Figure 3 – The potential structural complexity underlying the property
The Hasbrouck Report suggests that there may be a near-vertical depression below Wilcox Playa, as shown in Figure 3. It is hypothesized that this potential structural complexity may aid in the concentration of lithium mineralization under the playa, especially under this land.
Figure 4: Geophysics team at Wilcox Playa
Video interview from Sagacity Capital Media Wilcox Playa
To watch a video interview with Willcox Playa’s geophysicist, please visit: https://vimeo.com/842888448?share=copy
qualified person
The technical information in this news release has been reviewed and approved by Thomas Clarke, Doctor of Geography, Doctor of Science, Director of MAX Power Mining Corp. Mr. Clarke is responsible for the scientific and technical information contained herein under the National Instrument 43-101 standard.
About MAX Power
MAX Power is a dynamic exploration-stage resource company targeting domestic lithium resources to advance the renewable energy landscape of North America. MAX also entered into a collaborative research and development agreement with the University of California, Lawrence Berkeley National Laboratory (LBNL) to develop state-of-the-art Direct Lithium Extraction (DLE) technology for brine resources.
contact: info@maxpowermining.com
Market Smart Communications (877-261-4466).
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” relating to exploration, drilling, mineralization and real estate past results within the meaning of Canadian securities laws. interpretation of drilling and analytical results, future drilling program results, mineralization and discovery mineralization (if any); Planning and timing of future exploration and drilling. Wilcox Playa Property Benefits. of Lithium potential within the Wilcox Playa region. Ability to access properties. Commentary related to the ability to extract resources from real estate, optimal timing to explore lithium exploration, and projected increases in lithium demand. Any results and updates related to the USGS report.Firm Concentration Hypothesis. Termination of trading.Future press releases from us. It will also fund future drilling programs. Although we believe such statements to be reasonable, we cannot guarantee that such expectations will prove correct. Forward-looking statements are statements that are not historical facts. Generally, but not always, identified by the words “expect,” “plan,” “predict,” “believe,” “interpret,” “intend,” “estimate,” “plan,” “target,” “indicate,” “often,” “target,” “future,” “probable,” “pending,” “could,” “goal,” “aim,” “prospect,” and “have.” “Definite”, “tentative” and similar expressions or statements that events or conditions “will”, “will”, “may”, “could”, “could” or “should” or statements that by their nature refer to future events. We caution that forward-looking statements are based on our management’s beliefs, estimates and opinions as of the date the statements are made and are subject to a number of risks and uncertainties. Therefore, there is no assurance that such statements are accurate and actual results or future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and CSE policy, we undertake no obligation to update these forward-looking statements if management’s beliefs, estimates, opinions or other factors change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks related to possible accidents and other risks related to mineral exploration operations, risks that we may encounter unanticipated geological factors, risks related to interpretation of analytical results and drilling programs, risks that we may not be able to secure necessary permits or other governmental approvals to carry out our exploration plans, and risks that we may not obtain sufficient funds to carry out our business plans. , and the risk of political uncertainties and regulatory or legal changes that may interfere with our business and prospects. Readers are encouraged to consult our management’s discussion and analysis published through the Canadian Securities Administrator’s Electronic Document Analysis and Retrieval System (SEDAR). www.sedar.com For a more complete discussion of such risk factors and their potential effects.
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