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Gold/Mining/Energy : L S Capital / Griffin Gold (OTC:BB CHIP)

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To: Tim Hall who wrote (2838)5/20/1998 12:24:00 AM
From: Bigscore  Read Replies (3) of 3594
 
you mean for example Maxam's last press release!

Maxam Gold Corporation Announces Chain Of Custody Results Show
Economic Values Revised Production Start-Up Dates

CHAIN OF CUSTODY ORE INITIAL RESULTS

EAST PEORIA, Ill.--(BUSINESS WIRE)--May 18, 1998-- Bulk Leach tests from the Chain of Custody Ore, under supervision of Cimetta Engineering and Construction Co., Inc. have been delayed due to a new air quality regulation in Pima County, Arizona, where the testing is to be conducted. A sample from the Chain-of-Custody Ore, under the control of Cimetta was transported to Mineral Resource Development, Inc. (RDi) in Colorado to continue the security of the sample. Preliminary results obtained by RDi from this sample indicate the following values, calculated to Troy Ounces per Ton of Head Ore:

Fire Assay 750 gm Leach Tests
Test Number 1 2 3 1 2 3
Gold: Nil Nil Nil 0.043 0.049 0.041
Silver: 0.06 0.06 0.06 Nil Nil Nil
Platinum: Nil Nil Nil 0.418 0.478 0.418
Palladium: Nil Nil Nil 0.048 0.054 0.048
Iridium: Nil Nil Nil 0.836 1.195 0.956

Gold Equivalent (not including Iridium) 0.532

Maxam has determined to place no commercial value on the Iridium
reported in the analysis, at this time. The new air quality permit is anticipated within 60-days from filing and it is expected that Cimetta Engineering and Construction Co., Inc. can complete the Chain of Custody Bulk Leach tests in July, 1998. Leach tests are being continued at RDi, in the interim.

While you guys continue to pick these companies apart, the geological development continues, I wonder who's going to end up the big brass rings, the skeptics or the desert dirts?

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