Talk about lousy timing. In the summer of 1980, exploration manager Clancy Wendt, then working for Phillips Uranium, a subsidiary of the oil company, had three rigs and a crew drilling mile centers in Utah?s Thomas mountain range. They drilled between 60 and 70 holes, over every square mile, looking for altered versus unaltered rock to indicate uranium. One of those drill holes encountered 0.05% U3O8 over a 100-foot thickness at a depth of 900 feet. Shortly thereafter, Clancy Wendt was transferred to the company?s minerals division, Phillips drilled a few more holes, and oh, by the way, there had been an accident about 2,000 miles away near Middletown, Pennsylvania, at a place called Three Mile Island. Utilities stopped building reactors and the uranium explorration business came to a grinding halt.

Phillips Petroleum got out of the minerals business, and Clancy Wendt went on to discover the Mt. Hamilton gold deposit in the Carlin Trend for another company. But that drill hole about 150 miles southwest of Salt Lake City never stopped bugging him. ?When you find something, you always remember that,? Wendt told StockInterview.com. ?I was working with it day and night. That was my project.? And it is his project again today.

After a twenty-odd-year hiatus, Wendt staked 540 acres of the property, which had been abandoned, and then optioned the 27 claims to Max Resource Corp (TSX: MXR; OTC BB: MXORF) for what both parties called a reasonable sum. Since then, Max Resource Corp staked around those claims, and increased the company?s land position to 195 lode claims comprising 3,900 acres in the Thomas Mountain range. ?We staked the entire caldera rim,? Wendt explained, ?because that is exactly where I think the uranium is going to be, within that rim or within the moat inside that rim.? Wendt is now the vice president of exploration for Max Resource Corp.