Thursday, October 15, 2009

Canadian Stock Alerts - October 15, 2009

Canadian Stock Alerts Update:

MAX RESOURCE GROUP - News Prior To The Market Open

MAX assays greater than 100 g/t Au in mineralization exposed by new trenches at Crowsnest gold project; drilling completed

VANCOUVER, Oct. 15 /CNW/ - MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has completed 900 meters of a planned 1,200 meter reverse-circulation drill program at the Crowsnest gold project in southeastern B.C. This program explored the original discovery trench and two new trenches to the west of the original high grade sampling with close spaced drilling designed to define the mineralized structure found in each trench. Sampling of mineralization exposed by these new trenches included an assay value exceeding 100 g/t gold, as listed below. A total of 26 holes were completed with initial assays from the drill program expected in November, 2009.

===>> Remember as good as this release may look, it always comes down to volume. MXR has about 21 million shares outstanding and could move higher quickly if there were strong volume. Low shares outstanding are also the worst stocks to chase, far too easy to be the last guy in and holding the bag at the high.

Just be careful here ... wait for the pullback! They all pullback sooner or later!

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