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

To: Tim Hall who wrote (6277)	10/28/1998 12:24:00 PM
From: Richard Mazzarella	Respond to of 11603

Tim, thanks for your reply, I appreciate your feedback. Yes the Kilborn thingie was a sales job. I'm encouraged with today's press release, the 10 hole COC drill program begins (5 acre rule). This should confirm the mapping technology. The 20ft drilling (Becker drilling) limit is because of limitation on depth for the mapping technology. A few holes may be deeper just for information purpose. The intent is to prove out mapping for the highest grades of paleo-channel on the property. Success with that program will allow a formal COC drill program for the mine reserve audit of 200+ acres with the BLM in the information loop. Highest grades of today's announced COC will minimize the drilling requirement to produce a sizeable reserve with the required 9 year mining life span. PS, your rumor about Hewlett was correct. I heard he is doing very well and will be home very soon.

To: Tim Hall who wrote (6277)	10/28/1998 12:44:00 PM
From: go4it	Read Replies (2) \| Respond to of 11603

Tim, so is Maxam a buy sell or hold in your opinion at these levels based on the taped AGM? I also heard that you wouldn't vote yes to impeach Clinton and her husband <g>. Chuck

To: Tim Hall who wrote (6277)	10/28/1998 1:34:00 PM
From: Chuca Marsh	Read Replies (2) \| Respond to of 11603

Rambles: <<..Runyon made the comment that the ores are refractory and therefore sulfides. ..>>> Salt sulphide ENCAPSULATION... <<..I doubt that sulfide ore will be found in the top twenty feet of the desert or in any alluviam for that matter. This material has been exposed to weathering for MMM of years and is all oxidized by now. ..>> No. Suplhide to Oxides and back again ? ( The Glasial Seas several times in same stops mean chem dual changes affect!) <<.. The geophysical stuff is interesting and I am sure very accurate. They are mapping black sands (magnetite, an oxide) and clays to find the paleo-channels. If these are the materials containing the PM's, what do they need vibramills for. >> To Break the Salt Encapsulations.( with a Chiddy Leach )( a Vacume Table Dry also) <<..This material is already very fine and should not need additional grinding. Some form of gravity circuit ..>> THEN, with Carbon YES!. <<.. could be used to concentrate the black sands and the clay will probably have to scrubbed and settled. All of the examples used by Hewlett when he discussed mobile ions were for deep hard-rock deposits. Yes on 6 continents in 300 counts since 1990 when FIRST used for Hard Rock Mappings, are you folks missing the CONVERSION factor here, think...slowly now, Tim. WAS used ( first) in OLDTECH HARROCK- now used ..IN NEWTECH alluvials. That is all! <<.. He had no examples of shallow alluvial or placer deposits. I still have my doubts that the mobile ion theory will apply in desert alluvium. The geophysics showed a pluton northwest of the study area and is suspected as the source of the pms. However all of Hewletts paleo drainage charts showed drainage from south to north...>> Damit Tim, you saw the Bob Barefoot theory on Sulphides??? ? Part of that theory is that Tucson was the OLD north Pole EONS of time ago...Flows were revessed from current flowages. <<.. I was not impressed by the Kilborne guy. He talked a lot about the fact that Kilborne was #2 and how they were very involved in financing of these projects. If that is the case and there is so much potential here, how come Kilborned isn't assisting in the financing? When I talked to a Kilborne metalurgist, he said that they had no involvement with or opinion about the quality of Maxam's ore(engineering and construction only) yet the guy at the AGM claimed involvement, ie: watching the labs run the samples. I have also talked to a former classmate who is with Behre Dolbear. He would not say much about IPM except that BD regrets ..>> Ditto from IPM shareholders WHOM trusted BD at THAT time! Regrets that we heard of BD. BD at fault theory. <<.. the day they ever heard of IPM and they will be steering away from similar projects in the future. I have also talked to Dr. Bhappu of Mountain States. He said that there is information to suggest that materials with chromium, iron or manganese might hinder some fire assays. They would not mask them completely but they might prevent a small portion of the pms from reporting. He said, if these companies think that there fire assays are not completely accurate they should approach the problem from two directions. First, they should disolve the whole sample, ie: destroy they matrix of the material and put everything into solution. Then there is no question about the amount of gold present. Second, they should attempt to identify the minerals that actually contain the pms. He also told me that they have parties show up with black box process all of the time and want Mountain States to verify. He said they have been unable to verify one yet...>> I saw a MTS at 0.09 PT OPT ...did I not at IPM PR/RN a month after Black Friday NEWS on IPMCF.com!!!! Mountain States released the 0.09 and wouldn't LET there name put on in the PR, ask him if that is correct??? ? If so, HE HELPED KILL IPM. <<.. I think I have ramlbed enough. ..>> I think you ( & I ) have also. But I say, keep rambling, Roses are Red and Paleo Channels are True Blue...Brother. <<..