(BSNS WIRE) Maxam Acquires Exclusive North American Rights to New Acid Repl
Maxam Acquires Exclusive North American Rights to New Acid Replacement Leach
Technology for the Mining Industry
Business Editors
EAST PEORIA, Ill.--(BUSINESS WIRE)--April 9, 2002--Maxam Gold
Corporation announced today that it has acquired exclusive rights in
North America for High Tech Health Inc.'s (Boulder, CO)
Electro-Chemical process to produce Super Oxide Water for use in
mining related industries.
The Agreement includes the processing of Fly Ash. Maxam's progress
in removal of detrimental elements contained in Fly Ash was announced
on March 6, 2002.
Consultants advise that Electro-Chemically altered water has
potential application as a reagent to replace any type of acid in the
leaching of ore and Fly Ash. This technology has been used in Japan
for over 10 years in numerous industrial applications, particularly in
medical and agricultural environments.
Maxam has successfully laboratory tested Super Oxide Water as an
Acid Replacement to leach gold from its Peoria Seven ore body, and is
arranging for a pilot test to prove the feasibility of using Super
Oxide Water as an Acid Replacement in Maxam's Leach process when
leaching Fly Ash.
This Electro-Chemical process takes TAP WATER and splits it into
two streams.
1. The oxidizing side to a pH of 2.3 with an ORP of 1,100mv
Plus.
2. The reducing side to a pH of 11.5 with an ORP as low as
minus 800mv.
A significant aspect of the Super Oxide Water is that when it is
exposed to the environment, it reverts to environmentally friendly
water.
Potential benefits in using Super Oxide Water are many.
1. Lower construction capital costs.
2. Fewer or no Acid storage challenges.
3. Fewer OSHA compliance requirements.
4. Shorter permitting time.
5. Potentially lower processing costs.
Dale L. Runyon, Maxam's President and CEO, states that there are
other recovery and refining applications when acid is used in
conventional mining operations where Super Oxide Water may bring about
many opportunities for Maxam.
FORWARD LOOKING STATEMENT
Statements contained herein, or elsewhere, are based on current
expectations and are considered Forward Looking. Maxam management is
optimistic about Maxam's long-range prospects, but actual results
could differ materially. The following issues and uncertainties, and
others, must be considered in evaluating growth outlook: changes in
technology, investment cycles, prices of metal, cost of revenues,
sales and marketing successes, competitive issues, litigation,
environmental and other governmental changes and considerations,
economic conditions, and company management's successes.
--30--cla/se*
CONTACT: Maxam Gold Corporation
Dale Runyon, 309/699-8725
maxamgold@aol.com
maxamgold.com
KEYWORD: ILLINOIS
INDUSTRY KEYWORD: ENVIRONMENT MINING/METALS
SOURCE: Maxam Gold Corporation
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