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

To: Richard Mazzarella who wrote (5974)	10/9/1998 12:21:00 PM
From: Tim Hall	Read Replies (1) \| Respond to of 11603

Richard, You are right. Over the past year, the company has admitted that the ore grade changes in different locations. They have also identified paleo channels where they believe the ore to be richer. This would indicate that the precious metals have been gravity concentrated in these channels. This would also indicate that the precious metals are free or associated with heavy minerals, ie black sand. However, WL is also correct that if the company is dealing with black sand, recovery should be very simple. I have checked with a couple of exploration geologists with respect to the "mobil ion migration" theory. They say that it seems to have some merit but is not completely understood at this time. For some deposits, it works very well and for others it does not seem to work at all. They were not aware of anyone who had tried to apply it to alluvial deposits. It has been most successful for massive hard rock deposits. It takes millions of years for the ions from the deposits to migrate to the surface. They believed that the Arizona Alluviam is to young and has been subjected to many changes (drought and floods) to develop a good path of ion migration. One more point about the link you posted. I believe these are the same ore reserve estimates that the BLM will not recognize. Tim