You appear to be correct. I was just looking at the Maxam site and I noticed the following April 3rd announcement. As of now we still do not know the results of these tests on the gold ore samples that Maxam had. Press Release Source: Maxam Gold Corporation
Maxam Gold Corporation Announces Plans for Gold Ore Testing
Monday April 3, 2006 ,7:00 am ET
EAST PEORIA, Ill.--(BUSINESS WIRE)--April 3, 2006--Maxam Gold Corporation President and CEO Richard G. Steeves today announced that Maxam Gold Corporation (Maxam) will be performing gold ore extraction tests on its inventory of gold ore samples. The gold ore samples were taken from Maxam's Arizona gold claim properties. Performing these tests will be Mr. Ish Grewal, Metallurgical Process Engineer at the Vancouver, British Columbia lab facility. The initial gold ore testing was conducted at Maxam's Arizona lab over a several year period.
The gold ore testing at the new Vancouver lab facility will not only serve to bring all Maxam's gold ore data up to date, but more importantly, Maxam expects improved accuracy and confidence will result by performing these tests at the new state of the art Vancouver laboratory. The lab is currently performing a series of tests on coal fly ash. Once current tests are complete, the Maxam ore tests can begin.
Commenting on the timing of Maxam's process, Maxam President and CEO Richard G. Steeves said, "...several years ago at the time Maxam developed its patent pending extraction process, gold was trading at $250.00 an ounce. With gold now at 25 year highs, currently $584.00 an ounce, it is easy to see why both management and shareholders are all quite excited at the potential of Maxam's gold claim properties. And that's just looking at only the gold, most if not all of the other precious and semi-precious metals have reached multi-decade record prices. Maxam couldn't have picked a better time to commercialize our extraction process."
One can only presume that they indicated no commercial gold. Why do the two providers of inside information continue this farce? Do you think that these two are being paid by the company in order to dump stock? |
