Maxam Gold Corp. OBB:MXAM Message Board

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

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To: Richard Mazzarella who wrote (5648)	9/14/1998 9:35:00 PM
From: Larry Brubaker	Read Replies (3) of 11603

Richard: I'm having trouble understanding how today's reported leach tests fit into the plan for advancing Maxam to the next level. We've already seen many similar results from small-scale leach tests. The issue has been the lack of larger-scale tests, plus the COC results not matching previously-reported results. These new results apparently were not sugject to COC, and I really don't understand where they stand concerning larger batch tests, what with their decision to not "allocate funds to upgrade the pilot plant." So what is the point of announcing further results from tests which are neither COC, nor large-scale? Also, regarding the 10-hole drilling program, does this imply that the BLM has bought off on tests from 10 holes being sufficient to give them a permit?

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