Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Richard Mazzarella who wrote (6066)	10/13/1998 1:11:00 PM
From: SnakeInATuxedo	Respond to of 11603

<< I can speculate that we will be able to see an increase the reported OPT gold equivalent coming. >> You forgot to add.... " Better cover! " [ V,VBG] $^)

To: Richard Mazzarella who wrote (6066)	10/13/1998 1:13:00 PM
From: Chuca Marsh	Respond to of 11603

I have a 99+ foot sample that is like super fine, the deeper in the plains, the finer. There is ofcourse a correlation just at a 5 foot depth with fineness, like 150 ish -no, but finenest feel to it -Yes. Chuca-Better Run to the fishin Hole and COVER!

To: Richard Mazzarella who wrote (6066)	10/13/1998 1:25:00 PM
From: Anthony Zack	Read Replies (2) \| Respond to of 11603

Richard or anyone, Please help me connect the dots. Are these results to be used to determine the location of the material for the next set of COC tests which (if and when successful) will then be used for BLM approval and ultimately financing to finish the mine? Also, Since dividing desert head ore tonnage for this paleochannel by a factor of 3 still results in a chucadecimal number, can we then correctly speculate that .666 oz/ton screened ore (gold only) can be extracted from a sizeable orebody??? Someorebody pinch me, I gotta be dreamin... Did Dale indicate the next steps and/or timing on this road to "imminent" financing and BLM approval?? Tony

To: Richard Mazzarella who wrote (6066)	10/13/1998 10:31:00 PM
From: Tim Hall	Read Replies (3) \| Respond to of 11603

Richard, <<Alan, I just got off the phone with Maxam's office. You called it, the ore is screened to 20 mesh. That ore is then milled to 150 mesh for recovery testing. Something we fail to appreciate here is that the screening operation is of such low cost, that we could almost triple results as a pseudo head ore >> I find this information very interesting for several reasons. I doubt that screening of desert dirt to 20 mesh will be low cost. You can't just throw desert dirt on a 20 mesh screen. It will have to be done in stages. They will probably have to start with a grizzly with 6" to 12" openings. This will remove the large boulders etc. They will then have to use a series of screens starting with two to three inch working down to about 1/2". Then the ore will have to be dried. (Even pure perlite which doesn't contain any clay and only has 4% moisture has to be dried before it can be screened below 3/8".) After drying, The ore will have to pass through another series of screens ranging from 8, 12, 16 to finally get down to 20 mesh. The 20 mesh can then be fed into the vibra mills for reduction to 150 mesh. This will have to be closed loop with rescreening to keep the mesh below 150. ( The ore doesn't have to be dried if wet screening is used from the 3" down but wet screens are much more expensive to operate and maintain. Wet screening will also result in possible waste water problems.) As Maxam has pointed out, these deposits are not homogeneous. Therefore I would suspect the material size ranges will very greatly from one location to another with changes happening within a few feet. This would indicate that the screening plant will have to be overdesigned for those times when the material is on the large size, ie. not to much fines in the feed. This is typical for desert alluvial deposits. It is also possible to now speculate the pm's are contained in the material that is minus 20 mesh but can't be efficiently recovered until this material is ground to minus 150 mesh. If Maxam has narrowed this down, they should be able to report on the minerals that contain the precious metals. I present this not as criticism of Maxam but just some practical food for thought. Tim