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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: Rosie'sPaw who wrote (5545)8/30/1998 11:17:00 PM
From: Richard Mazzarella  Read Replies (1) of 11603
 
Clark, that COC recovery result couldn't be reproduced by the company and was abandoned, see the last press release. The company got the COC result on the morning of the AGM and presented the data without corroboration. Runyon even got Hewlett to conjecture about the nutty result, too bad. Normally they would have spent more time reviewing the result before releasing that data, but there was the pressure of an expected result for the AGM. I found that COC strange also since they have hundreds to thousands of fire assays, see my posts at that time. I understand that while there is Ir on Peoria, that large Ir number is also bogus. Maxam has been so careful to double check previous assay results through splits to multiple labs that reporting the COC result without checking is obviously very embarrassing. Naxos recently experienced a similar COC foul up, so much for COC. All the other assays reported by Maxam are valid IMO.
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