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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: Chuca Marsh who wrote (8000)4/16/1999 8:27:00 AM
From: Richard Mazzarella  Read Replies (1) of 11603
 
Chuca, all the previous large SFA gold assays reported in the past are valid IMO. They were done by registered labs and consultants I trust, Runyon will tell you their names. There is something still not understood about the reported results as relates to the low gold. Everyone expected good gold results from hole 3. Either there is a problem with the gold assays or the mapping isn't as obvious as the pretty contours suggest. What is a big surprise to me is the large ecconomic PGM values. While there were known to be PGMs, Maxam has stayed away from them in the past because of the politics and assay difficulty (cost). Since there is currently more JV interest in PGMs than gold, PGMs may now take a front burner. Actually, I hope that Maxam will create the income producing division (they are working on) that would fund mining development and continue to concentrate on the gold at Peoria. IMO let Global prove the PGM path if they can.
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