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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: Alan Vennix who wrote (7858)4/5/1999 1:20:00 PM
From: Richard Mazzarella  Read Replies (2) of 11603
 
Alan, thanks for posting the index. I talked to Mr. Runyon today. The weather in AZ has been terrible and Maxam's internal lab work has been slow because of it. They need to work outside for much of their work (drying ore samples, etc.). The excessive rain and wind isn't helping. However, the external COC assay work is conducted indoors and is proceeding. There should be some COC results reported in the expected time frame. I would however like to see the COC results corroborated internally before reporting, but that may not happen if it would hold up the COC reporting. Dale trusts the COC labs and doesn't want to just trickle out results. He would like to have at least 50% of the COC results before reporting to the market so that Maxam can present a more comprehensive picture of the paleo-channel assay mapping corroboration.
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