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 : EMR Microwave Technology (EMW.A) -- Ignore unavailable to you. Want to Upgrade?

To: ddl who wrote (249)	4/21/1999 9:15:00 AM
From: Chuca Marsh	Read Replies (1) \| Respond to of 397

RE: I have no idea if Microwave is used at Birch Mountain, see links and Clay News at Ateba -also. Maxam News last week has this quote: <<..The results announced represent split samples from drill holes No. 3 and No. 5, which are 400 feet apart. Traditional analysis of the Peoria Seven ore body continually has indicated low gold values when Platinum Group Metals (PGMs) show significant presence, and high gold values when PGMs are not present. The following results are from a multi-acid leach utilizing micro-wave generated heat and pressure. This procedure corroborates within 95% the results from the Maxam leach extraction process. Results to Date: Total Gold Equivalent 0.15 Troy ..>> FULL: PRESS RELEASE April 15, 1999 -------------------------------------------------------------------------------- Chain of Custody Drill Project Preliminary Results Indicate Significant Values OTCBB SYMBOL: MXAM East Peoria, Illinois…..April 15, 1999 Maxam Gold Corporation has received preliminary results from two of the ten-holes which constitute the Chain-of-Custody Drill program announced on February 17, 1999. In addition to Fire Assay, different procedures from an independent laboratory and Maxam's internal laboratory have observed several metals that are economically significant. The results announced represent split samples from drill holes #3 and #5, which are 400 feet apart. Traditional analysis of the Peoria Seven ore body continually has indicated low gold values when Platinum Group Metals (PGMs) show significant presence, and high gold values when PGMs are not present. The following results are from a multi-acid leach utilizing micro-wave generated heat and pressure. This procedure corroborates within 95% the results from the Maxam leach extraction process. Results to Date: Total Gold Equivalent 0.15 Troy Ounces per Ton Head Ore Metal Ounces/Ton Market Price Value per Ton of Head Ore Gold 0.023 $ 285 $ 6.56 Silver 0.050 $5 $ .25 Platinum 0.035 $ 360 $12.60 Palladium 0.067 $ 370 $24.79 Rhodium 0.006 Iridium 0.016 Osmium 0.009 Total Gold Equivalent Value of 0.150 per Ton of Head Ore $44.20 Maxam management currently estimates the cost of mining, leaching, and recovery of gold, silver, platinum, and palladium at $18. Per Ton Head Ore cost. This estimate equates to a production cost of $120 per ounce of gold equivalent with today's reported grades. Fire Assays of these samples have shown gold values of .001 to .003 ounces per Ton Head Ore. Testing by laboratories previously have indicated (and continue to indicate) that the presence of Rhodium and Iridium prevent an accurate Fire Assay. The laboratory that conducted these initial Fire Assays plans to adjust the flux formula for the presence of Rhodium and Iridium in future Fire Assays of Peoria Seven ore samples in an attempt to increase the accuracy of the Fire Assays. Additional Chain-of-Custody split samples are being sent to other independent registered laboratories for corroboration. The remaining results from Phase III of the Chain-of-Custody Drill Program by Registered Assayers will be reported when completed. Additional information, including detailed assay results will be posted on the Maxam Web Site. Safe Harbor Statement This Press Release contains "Forward-Looking Statements" as defined under the Private Securities Litigation Reform Act of 1995. These statements may pose special risks and uncertainties, including: the likelihood that the Company will continue to incur losses from operations and investments pending development of its mining properties; the uncertainty that the Company will be able to continue as a "going" concern; significant additional capital of the company; and, the effects from economic factors, geological factors, operations factors, governmental regulations, as well as factors relied upon from independent sources that may either negatively or positively impact exploration or mining progress. Further, the Company can make no assurance regarding the special risks that may arise from reliance on the accuracy and current status of conclusions from these reports. news \| properties \| updates \| investor info \| contact \| email maxamgold.com Chuca