MXR MAXIMUM RESOURCES INC. (VSE:MXR) UP? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : MXR MAXIMUM RESOURCES INC. (VSE:MXR) UP?

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext

To: J. Nelson who wrote ()	11/22/1996 11:45:00 AM
From: Merle Goertz	of 751

J. Nelson, Hi. I've been a shareholder for a couple of months and I know that this is going to be a winner. Here's the news release that they put out yesterday. I believe that the Nevada property is no longer part of the company's assets but they have replaced it with 20% of a much larger copper/gold mine in Chile. Maximum Resources Inc. #400 - 905 West Pender Street Vancouver, B.C. V6C 1L6 NEWS RELEASE: FOR IMMEDIATE RELEASE Vancouver, B.C. - November 21, 1996...Maximum Resources Inc. wishes to announce that with reference to the news release of July 25, 1996, negotiations to acquire a significant minority interest in a copper/gold property in northern Chile are nearing completion. The property, located 38 kilometers south-east of the city of Copiapo and now compromising a total of approximately 3100 hectares, is currently undergoing exploration and small scale production development. Recent selected grab samples have run from 2.54% to 9.12% copper and 0.03 to 0.21 grams per metric tonne gold. In addition, a recent bulk sample consisting of 23.27 metric tonnes returned an average grade of 2.13% copper. Current small tonnage production from this property of 100 to 200 tonnes per day of "direct shipping ore" is currently being processed at a nearby Enami copper refinery. Further news on the acquisition will be released when available. As part of the continuing reorganization of Maximum Resources Inc., the oil and gas projects developed by the previous management have been or will be written off. On Behalf of the Board. Russell K. Godwin President For further information please contact RGM Communications Inc. (604) 687-1414 or USA and Canada 1-800-774-5133 or through Email (rgodwin@rgm.com)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext