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

To: Rosie'sPaw who wrote (5545)	8/30/1998 11:04:00 PM
From: go4it	Read Replies (1) \| Respond to of 11603

Clark, There should be some comfort in knowing that the numbers were released from that COC and not just swept under the table until another COC was performed with more acceptable numbers. Mr. Runyon did not try to cover anything up. Maxam performed a COC and got results and then released the results that he received regardless of the fact that they were not what we or the company wished to see. In that respect my hat is off to Dale Runyon and the entire Maxam staff. Al Hubbard and Dale Runyon both asked me what I thought of those results that were announced at the AGM and when asked I pretty much just winced. Their reaction was the same but at least they had the gonads to release them and for that I commend them. Just my opinion.

To: Rosie'sPaw who wrote (5545)	8/30/1998 11:17:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11603

Clark, that COC recovery result couldn't be reproduced by the company and was abandoned, see the last press release. The company got the COC result on the morning of the AGM and presented the data without corroboration. Runyon even got Hewlett to conjecture about the nutty result, too bad. Normally they would have spent more time reviewing the result before releasing that data, but there was the pressure of an expected result for the AGM. I found that COC strange also since they have hundreds to thousands of fire assays, see my posts at that time. I understand that while there is Ir on Peoria, that large Ir number is also bogus. Maxam has been so careful to double check previous assay results through splits to multiple labs that reporting the COC result without checking is obviously very embarrassing. Naxos recently experienced a similar COC foul up, so much for COC. All the other assays reported by Maxam are valid IMO.