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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM

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To: Alan Vennix who wrote (8690)6/24/1999 11:22:00 AM
From: Richard Mazzarella  Read Replies (1) of 11603
 
Alan, I believe that other than specifically identified otherwise in press releases, all of Maxam's assay values are from stand fire assay, a prill of metal is produced. The low gold is inconsistent with previous standard fire assays taken from a hole right in the middle of the pattern (reported 1+ OPT gold). I can't pin down the PR, but I remember that Maxam got better assay values doing reverse circulation drilling compared to their previous auger drilling. I'm almost certain that Maxam's explanation for the current lower values with the Becker drilling is valid based on all the other reported observations on the characteristics of the ore. However, I'm no geologist, it would be nice to get some input from our experts, Tim?
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