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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: Alan Vennix who wrote (6062)10/13/1998 12:52:00 PM
From: Richard Mazzarella  Read Replies (4) of 11603
 
Alan, I just got off the phone with Maxam's office. You called it, the ore is screened to 20 mesh. That ore is then milled to 150 mesh for recovery testing. Something we fail to appreciate here is that the screening operation is of such low cost, that we could almost triple results as a pseudo head ore. Look what GPGI reports from their ore pile.

I also learned more about the significance of the new AA machine at Maxam. We have been seeing reports only on gold and silver. PGM assays have been much more expensive with long lead times. The new AA machine will allow low cost analysis of more metals (metals other than gold and silver) during the recovery experimentation. I can speculate that we will be able to see an increase the reported OPT gold equivalent coming.
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