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

To: d:oug who wrote (7456)	3/3/1999 8:07:00 AM
From: Chuca Marsh	Respond to of 11603

Doug, nivce that Char was the big buyer at 6ish I heard as he posted. Smart guy with a planaheadfuture.: OTC BB: MXAM Maxam Gold's 6+ million ounces of gold equivalent resource is currently valued by the markets at less than 70 cents per ounce!! CORPORATE BACKGROUND Maxam Gold Corporation was formed on August 7, 1974. In 1987, the present management team acquired the company, and in 1995, the name was changed to Maxam Gold Corp. Management owns 11% of the outstanding stock. A further 34% is owned by Phoenix International Mining, Inc., a private entity controlled by a Maxam officer. Maxam has set aside 56 of its unpatented mining claims for 10 mine sites targeted for production by December 2006. All Maxam claims (8,960 acres) are on lands administered by the United States Bureau of Land Management in southwest Arizona. Maxam's core assets, the Peoria 7 and Peoria South elluvial gold projects, host a gold-equivalent resource of over six million ounces. The ore reserves have been calculated by traditional industry practices, and are based on thousands of fire assays (performed by registered labs, including: Activation Labs, Skyline, XRAL, Jacobs Assay Office and Ledoux & Company) from extensive drilling, trenching and bulk sampling of the deposits. Maxam Gold is in the final design and engineering stages for this project, and anticipates initial production from Peoria 7 within 18 months, pending funding CORPORATE FINANCIALS Shares Authorized: 100,000,000 52-week high: US$0.80 Shares Issued: Approximately 53,000,000 52-week low: US$0.065 Public Float: Approximately 20,000,000 Current bid/ask: US$0.065 - US$0.09 A TEAM OF WORLD-CLASS CONSULTANTS FROM : maxamgold.com Info for new arrivals who may com buy. Chuca

To: d:oug who wrote (7456)	3/3/1999 8:17:00 AM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 11603

**** Off Topic **** Doug, <<gpgi stand was that hard>> As soon as a company won't answer non proprietary questions, it's time for the door. My analysis of the GPGI assays reported is that they are from Hassy, a resource where recovery is a demonstrated failure. If they were from Global's other properties, reporting that fact would have the stock explode, something they would love to do. I think they got a few suckers, or at least promoters, read Ed. The other issue is that those assays don't say head ore, but screened head ore. Maxam's drill hole A1 (head ore 1 OPT) would be at least 4 OPT "screened head ore", maybe more. Those numbers reported by GPGI were just for the hype, not in context with status or progress, they shout desperate. They could have reported included inquarts for all we know. I'm also still not certain that Global can do accurate assays based on past reporting. Not answering my questions infers the worst, not the best. I may not be the smartest guy in the world, but I still have integrity and won't stand for blatant manipulation. I wouldn't be surprised to see GPGI SEC halted for numbers kiting or the Jensen's stock rip-off. Of course I could be wrong, but IMO the GPGI risk/reward ratio has changed significantly.