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

To: Larry Brubaker who wrote (3259)	12/2/1997 11:26:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11603

Larry, I assume that those numbers are from ore after screening (concentration) and don't represent head ore values. The assays of 0.05 head ore becomes 0.2+ after the 4/1 concentration screening. I'm just guessing here.

To: Larry Brubaker who wrote (3259)	12/2/1997 11:30:00 AM
From: Ron	Respond to of 11603

Larry, if you recall, an earlier release stated that the results of reverse circ drilling was significantly better than the auger drilling. This appears to be analysis of those 10 rever circ holes compared to the resource numbers developed from the auger drills which was what Maxam used prior to this past summer. Significant improvement no question, I had expected only 2 or 3 times better. The leach numbers are consistent comparisons to other fire assays, just that the amount is staggering. Mike A at MG Gold once told me that if he assayed .15 oz that expected to extract .3 to .4. I have sent a clarification question to Al H. about the table. Another significant point of the release is the decision to do more drilling over the next couple months to better define the resource. Looks like we could have a resouce 50 times bigger then we thought just at P7 and P. S. Ron