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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?

To: Tim Hall who wrote (8783)	7/14/1999 11:22:00 AM
From: Richard Mazzarella	Respond to of 11603

Tim, <<important that Maxam show the investment community beyond a doubt that they do have the metals>> I agree with you, they must convince "money" if they want to build mines. I think that will occur. Whether it's trenching or something else COC I don't know. Dale said in his email to you that COC trenching would cost the same as drilling after everything is said and done. I remember in my early days investing in PM juniors that people always warned about assays reported by trenching. The gimmick was to take the samples where the mineralization looked good, yellow for example. Random sampling in alluvial deposits still requires large enough assay volumes. Assay on COC bulk samples after recovery is one approach, there's probably others. The statistical issues of sampling size and why large sample size is important is on the Maxam technical section of the webpage. What I have a problem with is that after all this time none of the dirts have been able to definitively show a good COC result. Maybe we are close to ending that situation?