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

To: Chuca Marsh who wrote (8942)	10/6/1999 11:14:00 AM
From: geoffreycs	Read Replies (1) \| Respond to of 11603

"THE PRAIRIE GOLD MODEL" The praire gold model is just that - a model. A unproven model based on much conjecture. But that is beside the point. The mineralization that the model is based on has no proven economic potential. Results show erratic values with unconventional assays and nil values with conventional assays. I know of no profitable precious metal mine past or present where conventional assaying has not worked on the ore. Does anybody else know of any? I agree that there is a good connection of the Praire Gold and Desert Dirts - They are both based on fantasy.

To: Chuca Marsh who wrote (8942)	10/6/1999 12:59:00 PM
From: geoffreycs	Read Replies (2) \| Respond to of 11603

Athabasca - Prairie Gold Early in 1999, we completed five drill holes in Athabasca. Despite intersecting altered rock in close proximity to zones previously shown to contain anomalous platinum and gold values, fire assays returned negligible precious metal values. Field activities in early 1999 also included trenching and bulk sampling. In March, 1999, we initiated an in-house program to resolve inconsistencies between methods used to determine the presence and concentrations of precious metals in rocks from Athabasca. Results previously obtained from detailed core logging, scanning electron microscope imaging and geochemical analysis allow Birch Mountain to identify alteration zones. A series of bulk samples prepared from these altered rocks provides a uniform source of material to develop and test a variety of analytical methods. We conclude that analyses of surface rocks and drill core, conducted in-house and by others on rocks from Athabasca, conclusively prove the existence of anomalous quantities of gold, silver, platinum, palladium and other precious metals in these rocks. We have had partial success in detecting precious metals (up to 6 gram/tonne gold, 11 gram/tonne platinum, and 1.9 gram/tonne palladium in multiple analyses of bulk sample BJ98-008; news release of July 16, 1999), however we need to improve the consistency of our results. Our development work remains focused on improving analytical repeatability. Anomalous does not equal economic