Geophysics Report Reveals Large Lithium Target at MAX Power’s Arizona Property

VANCOUVER, British Columbia, July 24, 2023 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”) is pleased to announce that a recently completed geophysics survey by Hasbrouck Geophysics over its 100%-owned Willcox Playa Project (3,754 acres) in Arizona has identified multiple high-priority drill targets from the northernmost claims to the southernmost, a distance of approximately 6 miles (10 km). The Company is targeting both an aquifer domain with potential high brine volume at Willcox and coincidental claystone mineralization. The property is now considered drill-ready with permitting for Phase 1 drilling now in progress.

The gravity low near the centre of the playa and the fact that it is a hydrologically isolated basin, as demonstrated by the Arizona Department of Water Resources, suggests the existence of a closed hydrological reservoir. The HSAMT and gravity surveys strengthen the possibility of lithium accumulation and concentration under the property.

Additional Highlights

• A gravity and Hybrid-Source Audio-Magnetotellurics (HSAMT) survey was completed across the entire property, measuring gravity and resistivity on a 500 meter x 500 meter grid, and results identified a series of high-priority lithium drill targets as outlined in Figure 1;
  
• MAX Power identified the target zone can reach to around 1 mile (1,600 m) thick;
  
• MAX Power replicated the relevant geophysical surveys the U.S. Geological Survey (USGS) completed in the 1960’s and 1970’s.
  

Location & Lithium Potential

The 50 sq. mile (129 sq. km) Willcox Playa, situated approximately 200 miles southeast of Phoenix in Cochise County, was historically referenced by the U.S. Geological Survey (USGS) following limited drilling in the 1970’s as one of the most prospective locations for lithium in the Western United States, similar in its potential to Clayton Valley, Nevada, and the lithium brine and claystone deposits that have been identified there. Decades of U.S. Air Force activity in the Willcox Playa has ended, with MAX benefiting from first-mover advantage and securing three well-situated blocks mostly leased from the State of Arizona. The area is surrounded by excellent infrastructure, including rail, roads and services in the nearby town of Willcox.