Maxam Gold Corp. OBB:MXAM Message Board

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

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To: Chuca Marsh who wrote (3206)	11/30/1997 10:53:00 PM
From: HungryLion	Read Replies (1) of 11603

Maxam Gold announced they were going to mine metal in 1996 and failed. In 1997 they announced another mining production start that failed. They make announcements like gold production costs of $55 per troy ounce that are completely unbelievable. How long does it take for the clueless to finally see the light? PRESS RELEASE July 25, 1996 MAXAM ANNOUNCES MINING PRODUCTION START Gila Bend, Arizona -- July 25, 1996. Maxam Gold Corporation (Maxam) announced their Arizona PEORIA SEVEN MINING property is in the final stage to commence mining. Progress Update: All equipment has been moved "on site"; Water has been successfully drilled; Basins are in place; roads have been developed; permits obtained. The equipment is being repositioned and the retention ponds filled this week and mining is projected to commence in August. Mining production consists of surface mining excavation, with screening and material concentration on site, using Knelson Concentrators. Concentrates are then transported to the mill site in California, where they are further processed and prepared for sale to refiners. Recent recovery results from back-hoe trench samples have been very gratifying.

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