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: Paunch who wrote (6456)	11/6/1998 7:12:00 PM
From: Richard Mazzarella	Respond to of 11603

Paunch, I think we will see the results of the 10 hole COC in January at the latest. That should get the price moving up again long before any merger takes place. hydroGEOPHYSICS is working now to find someone to do the Becker drilling. Becker drilling is needed for the large sample sizes necessary. The samples will be used for both COC splits and samples for recovery testing by Maxam. Lab assay testing should be sooner than later, Runyon told me that most labs aren't very busy.

To: Paunch who wrote (6456)	11/7/1998 12:49:00 PM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 11603

Paunch, funding is the main reason that progress at Maxam has slowed. I have expectations as follows: 1. November, COC drill the 10 holes as shown in the paleo-channel map. 2. Late December, January, Maxam reports the results of COC, proves paleo-channel mapping. 3. February, Maxam reports recovery test results from COC drilling. 4. March, Maxam receives interim funding to drill the 200 acre COC. 5. April, May, Mine resource/bankable audit COC drill program for 200 acres begins. 6. May, Status of BRX known. 7. July, August, Results of bankable audit reported, BLM approved and permitted. 8. September, major funding received to construct mine, Kilbore contracted for project. 9. February, March 2000, mining begins. During this time period I would also expect lots of press releases on assays and recovery testing. It would also be nice to begin paleo-channel testing of some of the other Maxam properties. Of course funding that may come in sooner moves everything up IMO. Any thoughts about such a schedule?