Sep 24, 2007 Maxam Gold Corporation Begins Coyote Peak Exploration
Sep 24, 2007 (M2 PRESSWIRE via COMTEX) -- Maxam Gold Corporation (Pink Sheets: MXAM) President Richard G. Steeves is pleased to announce that the company has begun work on an 8 week exploration and chain-of-custody assay testing program at its Coyote Peak claim property in Western Arizona. Coyote Peak was selected as the initial site based on past gold concentration data for this area.
Mountain States R&D International, Inc. of Vail Arizona has been contracted to supervise the chain-of-custody sample distribution and testing. Two industry recognized independent laboratories will perform the testing and deliver certified results.
Richard Steeves, Maxam's President said "with the price of precious metals and commodities in general at 25 year highs, the future of the gold mining industry has never looked brighter. Certainly a rapidly developing China has played a key role in how quickly this has occurred. Maxam Gold is certainly in the right place at the right time, the years ahead should be exciting."
ABOUT MAXAM GOLD CORPORATION (Pink Sheets: MXAM)
Maxam Gold Corporation engages in the acquisition, exploration, and mining of gold and other precious and semi-precious metals. The company was founded in 1974. Maxam's gold claim properties are located east of Quartzsite Arizona where Maxam holds 1280 acres. Maxam's selection of Xcentia Mining LLC as a partner in the mining process is a step that will capitalize on the vast experience possessed by Xcentia's management team.
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. Actual results from the above disclosures could differ materially from projection, as results from the above disclosures could differ materially from projection, as results from economic factors, geological factors, operations factors, government regulations, environmental factors, or factors relied upon from independent sources, may either negatively or positively impact progress. These risks include, but are not limited to: The ability to motivate key employees; timely development, production and acceptance of products and services into distribution channels; maintaining expense factors in acceptable levels with revenues and/or funding growth; and other risks that time to time may occur.
CONTACT: Richard G. Steeves, Maxam Gold Corporation Tel: +1 217 586 5316 e-mail: Maxamgoldcorp@gmail.com WWW: maxamgoldcorp.com
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