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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: GlobalMarine who wrote (5656)9/14/1998 11:17:00 PM
From: Richard Mazzarella   of 11603
 
Rand, the tests were to prove the correlation of metals recovered to the mobile ion and magnetic mapping. See my comments to Larry about additional objectives. Since Maxam is directly moving to the drill program it suggests to me that the test was successful in showing the correlation expected. Review the technical section on the Maxam for more background on the technology issues. The presentations you saw on the AGM tape should also help understanding the technology breakthroughs that will significantly maxamize resource development for minimal cost. Bring the BLM during this proving process is an excellent strategy. Maxam needs to prove the metals to technology methodology relationships to be believed by the BLM and anyone else. It's possible that some day low cost mapping will accomplish what only high cost extensive drilling could prove today.
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