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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: d:oug who wrote (11220)10/8/2007 5:45:13 PM
From: DESERTDIRT  Read Replies (1) of 11603
 
From March 8, 2006 PR:
Maxam recently finalized its agreements with Xcentia Mining LLC and Xcentia Energy LLC. Under the terms of the agreement, Maxam will provide the Xcentia companies with its patent-pending extraction process technology in exchange for a 21.6% equity interest in Xcentia Mining LLC and a 10% equity interest in Xcentia Energy LLC. In addition, Xcentia Mining LLC specifically agrees that Maxam will be granted license, free use of this technology, together with any future improvements made by Xcentia, at any of Maxam's current and former gold claim properties located throughout the Western United States.
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Maxam will own 100% of any extracted precious metals retrieved from the use of Maxam's process/improved process on Maxam's current & previously held claims. Xcentia has no claim on any extracted metals from any of Maxam's holdings whether extracted by use of the Maxam Process or any other "Process".
As stated by Pauch, one independent testing lab will be doing a 'fire assay' for free gold content; the other independent lab will be announced at a future date once test have been performed.
Do not assume that Maxam is limited to one process. Maxam will make it's decision based on economics and has on open agenda.
The choice of the second independent lab may surprise you. As everyone else, you will have to wait for the announcement of the second lab in a future PR.
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