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

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To: Richard Mazzarella who wrote (5318)8/17/1998 2:59:00 PM
From: GlobalMarine  Read Replies (1) of 11603
 
Richard: I agree that the PMs are not distributed uniformly across Peoria Seven. However, Runyon told me 0.05 ore was economic, and I'm disturbed that the 0.04 ore from the COC has to be tossed. If you get 0.04 from 750 gram leach tests and now have to get new COC ore, it suggests that the pilot plant has difficulty extracting PMs to the same degree as a bench scale leach test, in other words, there's a scale-up problem.

There's still hope. The fire assay protocol appears sound and shows gold in the ground. Can Maxam get it out, that is the question.

Rand
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