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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: GlobalMarine who wrote (5682)9/15/1998 11:22:00 PM
From: Richard Mazzarella  Read Replies (1) of 11603
 
Rand, the company has no choice, but COC fire assay. They must drill and COC fire assay to prove an audited bankable resource for funding and also to convince the BLM. I speculate that even if the BLM would accept the new mapping technology, funding sources won't. I posted before that the recovery test was just to corroborate metals recovered against mapping forecasts. Now they can get to drilling. I also speculate that we will see more recovery testing at the same time. There are also the other precious metals besides Au and Ag that will be recovered that need to be tested.
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