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

To: Richard Mazzarella who wrote (5515)	8/29/1998 1:50:00 AM
From: GlobalMarine	Read Replies (2) \| Respond to of 11603

Richard: One thing I think we can both agree on is that Maxam Gold has a very good plan of action now. If I understand the news releases right, they will first perform 20 pound leach tests on ore with known fire assay results. If the test results are good, they'll eventually proceed to larger scale testing with the pilot plant. And if those results are good, I think Maxam will be in a very good position to proceed even further with the reserve audit and feasibility report. Since the company can fire assay the ore, it will be quite easy to convince financing sources with a COC fire assay report that there are attractive precious metal grades in the ore. Rand