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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: GlobalMarine who wrote (5689)9/16/1998 8:46:00 AM
From: Richard Mazzarella  Read Replies (1) of 11603
 
I think we need to see both, but IMO we won't get a nickel of $4.5MM funding to finish the plant without a conventional drilled COC bankable audited resource. I agree that more economic recovery proof is also required, more than 9 20lb tests. I would like to see a few 500lb recovery tests if Maxam can work out the details. Maybe send concentrate off property (167lb) to a location that has permits to leach? However, the 20lb tests may be closer to the actual process requirements than a larger weight leach if my understanding of a short dwell time continuous (non batch) leaching process is the plan.
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