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 (7406)	3/2/1999 11:32:00 AM
From: Richard Mazzarella	Read Replies (1) of 11603

<<person to call Maxam please ask>> I just got off the phone with Mr. Runyon. Maxam has had an ongoing research project where they commissioned Hewlett to determine the source of minerals at Peoria. In that effort Hewlett recently came across those reports and found them very significant to Maxam's interests for a number of reasons. First it answers some of mineralization questions that many have asked Maxam. The second is the significance of the large basin of mineral deposits which includes Peoria. (Maxam also suspects some volcanic activity from ore observations, but to date hasn't been able to find the proof.) Third the reports will help Maxam plan it's mining strategy. Fourth the hand Maxam holds for company potential has been significantly improved. Bottom line is that Maxam understands the significance of those reports to potential value of the company. They had a responsibility to share those findings with shareholders and the market. The maps on the webpage will make this all clearer to shareholders. These reports should also be useful in raising the quality of mining funding IMO.

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