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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: Richard Mazzarella who wrote (5356)8/18/1998 10:31:00 PM
From: GlobalMarine  Read Replies (2) of 11603
 
Richard: It's not a simple administrative problem. BLM won't issue mining permits to Maxam currently because it questions whether there are in fact precious metals on the property (after all, this is a new form of mineralization, so they want proof). By the same token, they are concerned about the possibility that a scam is being perpetrated. Since public land is involved, BLM must act in the public's best interest and won't allow such land to be so disturbed unless the proposed mining activity is legitimate.
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