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Gold/Mining/Energy : MXR MAXIMUM RESOURCES INC. (VSE:MXR) UP?
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To: Peter Moss who wrote (586)8/27/1997 8:22:00 AM
From: Ed Pakstas   of 751
 
Justa coupla dumb ?'s.

Mr Russell Godwin reports
The due diligence review is nearing completion regarding acquisition of a 50% or greater interest in a gold property in Chile. The property, 40km from Santiago, Chile has been under production by local miners for a number of years. Recent samples from the property have assayed as high as 21.33 g/t gold (0.62 oz/t) over a width of 1.3m.

The company has been unable to secure the necessary financing for the completion of a minority interest in the Mina Claudia project, Chile, and has therefore relinquished the option to acquire a 20% interest in the project.

(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

1)If the company couldn't secure the necessary financing for the completion of the Mina Claudia project, how is it going to secure the funding for the 50% interest in the Chilean project???

2)Does anybody know how much of this puppy the insiders control???

ed

ps: Just surfin' 'round for a cheapo.
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