Company Press Release
Thursday May 6, 8:08 am Eastern Time
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Company Press Release
Maxam Gold Corporation Finds Leach Process
Improvement
EAST PEORIA, Ill.--(BUSINESS WIRE)--May 6, 1999--Maxam Gold Corporation
(OTC BB:MXAM - news) announced today discovery of an innovative modification to
the Maxam proprietary leach system. Maxam has been researching use of an ingredient to replace certain of the chemicals
required in its leaching process to reduce chemical and chemical processing costs.
The innovative modification to the Maxam leach system may reduce costs of metals recovery significantly in all three of the
process phases.
-- Gold, silver, platinum group metals (pgm's), and some
non-precious metals
-- Non-precious metals, and some rare-earth minerals
-- Rare-earth minerals and some non-precious metals
The reduction of certain chemical usage may result in lower level permit requirements under air quality standard
regulations, which should reduce both permitting time and costs as production is increased from start-up to the 10,000 Tons
per day level.
This potential break-through may allow for greater economic recovery of non-precious metals, perhaps to the extent that at
current metals prices, could exceed that of silver, gold and PGM's.
Safe Harbor Statement
Some statements contained in this and/or other Company correspondence are to be considered ''Forward-Looking
Statements'' as defined under the Private Securities Litigation Reform Act of 1995. The words ''believe,'' ''expect,''
''anticipate,'' ''estimate,'' and similar expressions are intended to identify forward-looking statements. Such statements are
subject to certain risks, uncertainties, and assumptions, including: including: the likelihood that the Company will continue to
incur losses from operations and investments pending development of its mining properties; the uncertainty that the Company
will be able to continue as a ''going'' concern; significant additional capital requirements and, the effects of economic factors,
geological factors, operations factors, governmental regulations on exploration or mining operations. The company does not
undertake to update any of the forward-looking statements that it may make from time to time. Further, there can be no
assurance that any forward-looking statements will ultimately prove to be accurate. |
