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


To: Paunch who wrote (8113)4/28/1999 2:51:00 PM
From: Chuca Marsh  Respond to of 11603
 
So sorry to hear...we made it thru here. I have some VERY GOOD NEWS - I think...Richie...it came from the Global thread and please read EACH of the 3 posts past this one with every link in referance also read. Maxam is doing it and we have PRESSURE BUILDING...buying more Maxam ...just gots to after reading this. I talked to Dale yesterday, he is chipper...no facts...just nose to the grind stone with the main fact of the situation that building a mine is financing a mine...and that is Ford Built Tuff-Job 1 ...in inferrance.
Heck, they sold the Hummer a while back- lower the overhead to goahead and it wasn't to Chuck 1 ...LOL! Headpressure for headores...IMHO.
Chuca
RE:
Message 9196370



To: Paunch who wrote (8113)5/2/1999 10:03:00 AM
From: Chuca Marsh  Respond to of 11603
 
Here is the old Links from our claim group ...it might help retore your soul on this fine Sunday:
I would like to share our current hopes of support to Maxam Gold Corp and give some Sunday reading to Maxam Gold READERS on why we seached for Desert dirt ...many acres of which were targeted by Dale Runyon many years ago( but left unclaimed due to circumstances that left them THERE as we showed up, in serendipity some couple years ago)...Did I ever tell you folks that Dale Runyon explorred White Rock years back on his way to the auxillary claims out there? Here is a bakers dozens of FAQs on our own Claim Group (s) which now approach 15,000++ Acres of OVER 100 claims of 160- acres each that we manage:
( some deletions are made here in public)RE:
<<....>>
or this file is:
homepages.infoseek.com
Copy and paste this URL to use it in chat or your profile.
ile is:
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powernet.net
Old Original :
auctionbuy.com
P-7
...explored (one drill hole averaged 0.70 oz Au/ST in the top 20 feet).( NON COC Basis):
P-South
Subsequent reverse circulation drilling encountered extremely high grade gold intercepts: one hole intercepted 1.20 oz Au/ST from 0 to 20 feet and an average of 0.51 oz Au/ST between surface and 99 feet.
homepages.infoseek.com
homepages.infoseek.com
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The following Two were done by a video card capture method while a threader was target shooting the holes with a small gun.
homepages.infoseek.com
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And Let's not forget my Ransom Note- ( I have a gun )...( actually a rifle )..:
homepages.infoseek.com
I like this one the best- it shows the low reds ( hole A-1) on the right and the high blue on the left ( hole A-1) The 8 will stand for 1998 so we await...9-?-? as that will be 1999( a space oddessey -anyway!).
homepages.infoseek.com
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PROSPECTING ORGANIZATIONS

Mesa
Mesa Gold Diggers
7520 Paseo Escondido
Prescott Valley, Arizona, 86314
President - Gene Mrotek,7520 Paseo Escondido, Prescott Valley, AZ 86314, 520-772-8922
Secretary - Pat Mrotek ,7520 Paseo Escondido, Prescott Valley, AZ 86314, 520-772-8922
Meeting Place - Dobson Ranch Mesa Library, 2425 S. Dobson Rd., Mesa, AZ
Day of Month - 1st Wednesday, 7:00 p.m.
Club Specialities - Gold panning, dredging, metal detecting

Phoenix
Arizona Prospectors Association, Inc.
P. O. Box 68053
Phoenix, Arizona 85082-8053
President - Tom Valus, 7441 E. Benttree Dr., Scottsdale, AZ 85255, 602-473-2041
Secretary - Tammy Bawden, 523 E. Purdue, Phoenix, AZ 85020, 602-331-8385
Meeting Place - Arizona Mining and Mineral Museum, 1502 W. Washington, Phoenix, AZ
Day of Month - 3rd Tuesday, 7:00 p.m., all year
Club Specialty - Placer gold prospecting

Phoenix
Roadrunners Prospectors' Club Inc.
P. O. Box 56804
Phoenix, Arizona 85079
602-274-2521
President - H. Webb Webster, P.O.Box 56804, Phoenix, AZ 85079 602-996-0470
Secretary - Marilyn Halphy, P. O. Box 56804, Phoenix, AZ 85079, 602-983-5212
Meeting Place - Longview Auditorium, 12th St. & Indian School Road, Phoenix, AZ
Day of Month - 3rd Thursday of the month at 7:00 p.m., except December
Club Specialty - Prospecting, acquiring claims for members, one outing per month

Tucson
Desert Gold Diggers
5102 E. Pima St., #D
Tucson, Arizona 85712-3660
President - Jerry Schultz, 5102 E. Pima St., #D, Tucson, AZ 85712, 520-886-3275
Secretary - Dave Solars, 520-682-7281
Meeting Place - V. F. W. Post 10188, 345 E. Roger Road, Tucson, AZ
Day of Month - 1st Tuesday, 7:00 p.m. Meet all year
Club Specialty - Recreational prospecting

ROCKHOUND CLUBS - EMPLOYEES ONLY

Phoenix
Pebble Picken Posse
13430 N. Black Canyon Highway
Phoenix, Arizona 85029-1310
President - Steve Vaught, 602-862-5641
Secretary - Terry Worman, 602-862-4601
Meeting Place - Deer Valley Computer Park, 13430 N. Black Canyon Freeway, Phoenix, AZ 85029
Day of Month - 1st Tuesday, 7:30 p.m., except June through August
Club Specialties - Lapidary and field trips
Membership Restriction - Employees of Honeywell-Bull

Scottsdale
Motorola Rockhound Club
8201 E. Mc Dowell Rd. MD-1124
Scottsdale, Arizona 85252
President - Jim Blaugh, 2015 E. Apollo Dr.,Tempe, AZ 85283-244, 602-491-2509
Secretary - Wilma Morgan, 6913 E. Willeta, Scottsdale, 85257 AZ 85204, 602-945-2228
Day of Month - 2nd Tuesday, 7:30 p.m.
Meeting Place - Motorola Training Center, 2100 E. Elliot Rd., Tempe, AZ
Membership Restrictions - Motorola employees and their families

Return to ADMMR home page.

Scan info but not clear...DC Plasma and ICP finish info= Induction Coupled Plasma Testings:
DISSOLUTION AND ANALYSIS OF COMPLEX ORES

MOST IMPORTANT, DRY AND PULVERIZE A REPRESENTATIVE SAMPLE OF ORE TO 100% -200 MESH.

½
Accurately weigh 2.5000 or 5.0000 grams of the prepared sample
into a 250 ml class ~ Volumetric flask (preferably a Phosphoric flask). Add 25 ml of concentrated. nitric acid mix and digest near 100 deqrees C for abou 15 minutes or until the reaction ceases. Remove from heat, COOL then add 80-100 mls of concentrated hydrochloric acid to the volumetic flask. Replace on the heat source and digest at a simmer(not a boil) for 18-24 hours.* Remove the digested samples frorn the heat source, cool, add 10-15 ml conc.HCL, and dilutet to volume (250 ml) with disti1led water and mix well. Filter a portion of the sample and analyze for the
) desired metals using only HIGH RESOLUTION ( Crossed out is ICP here) or D.C.P. at the desired wavelengths.

CALCULATIONS

(ICP/DCP READING) (VOLUME) (0.02917) SAMPLE WEIGHT

*OZ SHORT TON

* Time can be adjused as required for the ore

Hiqh silver requires a smaller sample to prevent silver fallout

If further dilutions are are required the calculations must be adjusted.

concentrated nitr; c acid is used FIRST to oxidize any unstable metals to th~ir more sable state.

From Maxam and IPM hopes to change Desert Dirts Current Events from the Past Events:
MAXAM GOLD PEORIA - 7 /8 Mine / and - or /Combined with Merger with INTERNATIONAL PRECIOUS METALS or Any Speculative Claim Group.
POTENTIAL PRODUCTION TEN-FOLD INCREASE SCENARIO
(JULY 13, 1997)/ Today Feb 13, 1999
(Alan Vennix)/& Chuca Marshall
One and a half years ago, our hopes were dashed in the desert sands and dirts with IPM not prooving up what had been hoped for as many investors had speculated on these threads what might be if certain criteria were met. The failed tests are now well documented, yet; the secret to unlock the desert dirt appears to be still on track. Time must now pass to see if high grade channels will proove now, that which could not be prooven in the past. I do not do any co writing here in public with the Old Scenario that Alan Vennix had used his talents way back when from his days an an Oil Company Employee working on such production cases. I simply - out of respect for that past effort which has not been and there is no current need of being requoted here except that the concept of pre study prior to the proove ups in order to make new Desert Dirt Investors feel that there is hope and that there is a backlog of tests and assays that will all be used in the future to verify what we hope will be as that which Dale Runyon has been quoted to say: "That 1999 will be out YEAR!" So, 1997 and 1998 were not our year and assays proven up at skimming at POINT ten and under Ounce Per Ton were verified by Bateman, and Behre Dolbere as existing in the Alluviaums yet- THAT IS NOT enough to go into PRODUCTION. Toward higher4 grades is the key now. This is an example of some such parts to which a new investors can make a whole Picture out of the Partial picture that now exists.
This is an attempt to quantify Maxam's share price against a time-line of possible activities. The present price of near a dime has nothing to do with the future worth of the company. I will not speculate on exact future share prices but will wonder if a multi million ounce deposit does exist at several locations. The proposed "Scenario" is just one of many possible outcomes of Maxam's future activities, but I believe it is a plausible one given what we know at this time. The following scenario represents my thoughts and does not necessarily reflect the plans of the Company, although I have drawn on comments made by the Company in proposing this scenario. Information from the "Maxam Gold Corporation BUSINESS PLAN FOR FUNDING OPPORTUNITY" and "TECHNICAL DATA & REFERENCES Manuals" as recently in the last quarter given out to affilated bankers and staker groups in the combined effort to move forward towards production. What comfort must be given is the fact that Maxam has made such booklets for internal use FOR SPECIFIC PURPOSES when combined together with their existing website- ONE CAN ONLY WONDER. NO DETAILS from these booklets of confidentail Internal Maxam and Claim - Funding Groups information has been disclosed other than the fact that such information does exist for well over a quarter of a year past as most information is declarred on the company website: maxamgold.com


Scenario. Hewlett Mineral Management is expected to verify Maxam's recovery and Geochemical assay processes during this 1st quarter 1999, followed by a COC
( Chain of Custody") re-assay of the 1st 60 acres mapped Paleo Channel samples and a gold resource estimate for the 1st Plot during the 2nd quarter. Assay results should also be reported for the deeper "RC-Reverse Circulation" wells drilled in Dec 1998 and the wells drilled in the off Plot areas are expected to be further documented. A report by Max Cooley and the team( The Full resumees of the team are in these books and the backgrounds are most impressive) just trained on the AA new machine are expected to find the soft metals ( this may be a futur study area ) in addition to the gold and silver- Platinum Group Elements (PGE's). A pre-feasibility study are also expected by end 1 Q or the beginning of 2 Q 1999. Assuming positive outcomes of these studies, P-7 mine financing would proceed as per "Business Plan / P-7 Mine Operation" in the Business Plan hense fourth called B-P" operation in approximately 2 years. Insert section from the website OR S.I. Members may add any writing to this document as subsequent Postings to this Maxam Gold Thread at Silicon Investor)- I do expect a delay in receiving permits for the mine, that possibility cannot be ruled out yet I see that a time line extension may have been rewritten to allow for the new testings. The COC that we all await will change Mining and proove that large Bulk Tonnages are available close to home in North America. The Uplifts of the Sierre Nevada are bearing ores that now can be mined, with only a slight twist of the Carlin Trend use of standard technologies over a stone throws away across the boarder in Nevada. Arizona will- in time, be a top producer as Nevada is now as the Number 2 Producer of gold in the world. many folks just don't realize how impor5tant that fact is to us in Arizona Mining.

Example From the start of the Maxam Home Page as attributed to Others:
From maxamgold.com
OPERATING & CAPITAL COSTS (Peoria 7 / Peoria South)
Both the Peoria 7 and Peoria South operations will be very low cost gold producers.

Hewlett Mineral Management estimates that Maxam Gold can produce gold for US$123 per troy ounce (net of byproduct credits) at the Peoria 7 project. This figure includes all mining and processing charges for a 1,000 ST/day operation, and is based on operating costs at other, similar-sized placer mining operations.

For the Peoria 7 operation, at 10,000 ST/day and assuming a 0.15 oz /ST gold-equivalent recovered grade and a US$285/oz gold price, Hewlett Mineral Management projects gross revenues of US$197,000,000 and a net operating margin of US$84 million (US$1.58 per share based on the current 53 million shares outstanding).

Total capital costs for a 2,500 ST/day operation is estimated at US$9 million. Hewlett Mineral management also reports that operations could be increased to 10,000 ST/day with an additional US$11 million investment.

49% INCREASE IN TRIAL OPEN PIT MINEABLE GOLD RESERVES On June 4th, Maxam Gold announced a report from Hewlett Mineral Management (Ridgecrest, CA) reporting mineable ore reserves for the Peoria 7 deposit of 55,827,206 ST grading 0.102 oz Au/ST containing a resource of 5,694,377 ounces of gold-equivalent.

The mineable reserves (to a depth of 99 feet) were calculated by Hewlett Mineral Management using polygonal methods and incorporating drill hole data plus trenching and bulk sampling results. Hewlett assumed a 45 degree pit slope and a waste-to-ore ratio of 0.49 : 1. All gold intercepts used in the mineable reserves are based on fire assays provided by independent
registered laboratories.

Hewlett Mineral Management assumed a long term gold price of US$285/oz in estimation of the Peoria 7 ore reserves. This conservatism is typical of how Maxam Gold does business.

This new ore reserve represented a 49% increase over the previous geologic ore reserves of 73,337,443 ST grading 0.052 oz and containing a resource of 3,822,427 ounces of gold-equivalent.

Maxam Gold reports that the major increase in reserve ounces are the result of: (1) higher-grade gold and silver mineralization discovered by recent reverse circulation drilling at Peoria South & Peoria 7; (2) higher-grade precious metals mineralization discovered by geophysical surveys conducted by hydroGEOPHYSICS; and, (3)recent bulk sampling, trenching and leach test results.

A TEAM OF WORLD-CLASS CONSULTANTS
Maxam Gold has contracted with a number of expert consultants who provide regular and consistent data that is designed to move the exploration and production phases along in an orderly and progressive manner. The Maxam Team includes: Richard F. Hewlett (Principal, Hewlett Mineral Management, Inc.): serves as Maxam Gold's principal advisor on geological, mineralogical, metallurgy and chemical procedures, as well as providing independent ore reserve estimates and capital / operating cost information. Max Cooley (retired analytical chemist and research metallurgist formerly with Barrick Gold): advises Maxam Gold in planning / supervising chemical and metallurgical tests and establishing Maxam's on-site metallurgical / assaying lab (purchased from Barrick Gold's Mercur, Utah gold mine).

THE PEORIA 7 PROPERTY
Maxam Gold's core asset is a 640-acre desert elluvial gold property located south of Gila Bend, Arizona. Prior exploration has defined a gold and silver anomaly 1,000 feet wide and 12,000 feet long. Sufficient drilling, sampling and assay work has been completed to delineate a trial open pit ore reserve of 55,827,206 ST grading 0.102 oz Au/ST containing 5,694,377 ounces of gold equivalent. Peoria 7 is potentially one of the largest undeveloped gold deposits in North America!

Maxam Gold has sufficient mining and processing equipment on-site (earthmoving machinery, milling equipment, assay lab, etc.) to operate Peoria 7 at the rate of 1,000 ST/day. The company plans to begin production at a modest rate of 1,000 ST/day, scaling up to 2,500 ST/day during the first year of operations, and expanding to 10,000 ST/day within two years. The upside potential at Peoria 7 is tremendous!

Maxam Gold's consultants, Hewlett Mineral Management, has stated that with Maxam's recently-developed geophysical techniques of evaluating ancient paleo-channels by using magnentic and electromagnetic surveys, coupled with geo-chemical analysis of the mobile metal ions, followed up by Becker drill sampling, Maxam could at least double its gold-equivalent resource.

Support for this estimate comes from the fact that the property has not been fully-explored, drilling to date has not gone below the 100 foot level, the deposit dips to the west and grades are increasing with depth, and that there are significant, high-grade paleo-erosion channels which have not been fully-explored (one drill hole averaged 0.70 oz Au/ST in the top 20 feet).

PEORIA SOUTH
This 640 acre property is located directly south and southeast of Peoria 7, has similar geology, but much higher gold grades. To date, only 100 acres have been explored, and the bulk of the drilling has not gone below the 30-foot level. Discovery of the deposit was made through an auger drilling program, with bulk samples taken on 10-foot vertical intervals, and fire assays run by Skyline Labs (Tucson); Jacobs Assays (Tucson) & XRAL Labs (Toronto).

Based on drilling and assaying results, in December 1996 Hewlett Mineral Management reported proven ore reserves of 6,666,666 ST grading 0.053 oz Au/ST and containing 353,333 ounces of gold. These reserves were based on a gold price of US$375/oz; cash operating costs were estimated at approximately US$142/oz. Subsequent reverse circulation drilling encountered extremely high grade gold intercepts: one hole intercepted 1.20 oz Au/ST from 0 to 20 feet and an average of 0.51 oz Au/ST between surface and 99 feet.

PROCESSING THE ORES (The Maxam Recovery System)
Maxam Gold has developed a proprietary, environmentally-safe, chlorine / bromine leach process to recover gold and silver from the Peoria 7 andPeoria South ores. In pilot-scale and bulk test, ores are ground in a two-stage process to -200 mesh before entering a closed-loop, multi-stage leaching system. The pregnant solutions are then sent to an ion exchange circuit for metal recovery.

The mill tailings are then washed / neutralized and then returned to the pit (the leach solution is filtered, reclaimed and recycled through the closed-loop process). The inert tailings will be used to back-fill the open pits, allowing Maxam Gold to truly minimize the environmental impacts of its mining operations. The net result of the Maxam Recovery System is faster material handling, greater gold and silver recoveries, and a more environmentally-friendlyprocessing method than is the case with traditional cyanide or other extraction methods.

Investors should note that the leached tailings from the Maxam Recovery Process meet the minimum Arizona Department of Environmental Quality Water Standards. As such, Maxam's processing operations will not require any permits to dispose of the leached tails. Hewlett Mineral Management has demonstrated the up-scaling feasibility of the processing technology on several types of ores. These accomplishments provide Maxam with a high confidence level, particularly in light of over 140 bench leach tests and small bulk tests preformed to date on the Peoria 7 & Peoria South ore.

Maxam Gold has spent much of the past year on fine-tuning its processing technology. Recently, the company has found that significant increases in gold and silver recoveries can be achieved by increasing the grinding time to liberate the gold, which is extremely fine and is found in clumps / clusters within the host rock grains. The key to the economics of the mine are the Continuous batch Process Technology that has been developed by the team at Maxam Gold Corporation. The two installed Vibra Mills are the backbone of the system which will act as the standard miners' Ball Mill for concentration of the fines which will be further broken down in assay testing between the Magnetic Fraction and the non-magnetic fraction to see if a ratio of further economies of scale can be further achieved.

We repeat that the economies of the Ball Milling of the batch will allow for Gold and Silver, and potentially other metals and element, to be recovered in a multi step circuit that in line and in process will use such standard mining techniques as the vacume Table Drying method ( 2 units are on site ), the chemical application conveyors, and the final loops of the resin bead columns which have been designed by Max Cooley who has prior experience with such designs.

Maxam intends to continue exploration on its other properties as appropriate. Maxam's due diligence on its Peoria 7 and Peoria South property indicates this property is ready to commence mining, milling and leaching ores on its initial five acre Mill Site Tract. The BLM supervision og the new Chain of Custody Drilling has been arranged for First Quarter 1999. This will be the test of the Plaeo channel Mapping techniques of the combined efforts of Maxam, Xral Labs ( MMI Geo Chem)( mmigeochem.com ) and Hydro Geothermal of Tucson, AZ- Mr Jim Flynn who hopes to allow Maxm to target HIGH GRADE sections of the site for intial test run assay re confirmation as stated in the current news release of Oct 28, 1998. The AZ Dept of Environmental Quality has declared as per a letter that the tested tailings to be "inert", and may be returned to the pit. This is most important for future economies as no unforscene excess charges have to be costed in to any forward calculcations.

The announce Ore Reserves are 2,889,094 at Peoria 7 and 353,333 at Peoria South; so that the combined very limited area of about 10 % of the sections available for such drilling and only down to a depth of 99 feet where it has been documented to have a water table some 525 below the surface of the Peoria 7 & South areas which might yield tenfold to the fifth power in multiples. So, to carry it forward is not the purpose here but the math could be augmented in ten years into the future. Thus, the scenario COULD have gold equivalent at a level of Probable at that tenfold- ie; 32,424,270 times thaqt 5 factor or 162,121,213 Ounces of Gold Equivalent.

IPM has about the same amount of claims and could with more similar information be use to prove up there resource which is said to be documented as being three as deep to the bedrock from the surface of Black Rock Basin. That could treble again any figures.Calims of others are near Maxam Claims which are near to Black Rock and the Maxam areas at the Coyote Peak Area. These are Dual and Joint re-confirmations of assay and testing numbers bring a validity to all Desert Sands Claims wherever they be located. There are claims groups out by the Eagletail Mountains that have at least two other equivalent Claim Groupings that each equal of Exceed the claims of Maxam and one of which is known as the Western Mining Association ( and The Association of Eights ) Claims. We have, on this speculation, have readied our own claims to help expand the lands that will be available to/with/for and allied from / with/ for the production with the Milling Leaders that will exist in the future. IE- Maxam Gold Corporation, if we are able to formally arrange such in the future. This means that several hundred 160 acres claims have been staked and/or identified and even BLM and County Filed for such a future contingency. All it will take is MONEY and grand efforts of a dedicated group of Desert Dirters- that means YOU not just my group or the Staking groups of Maxam / Peorias and or Uranco/ etc. This is part of the little known story of speculation for what may be know as the Great Basin Gold Discovery. ( Bob Barefoot July 1994) I will now STOP this is an example but other examples will exist in my view of the future. It is the speculation with which we will hope to more fully understand what is waiting for us all out there, IN THE DESERT and in The Desert Dirt.
Have spome good reading this weekend:
I have to end here as is is tooo long for one post ..Part 2 is next down the SI line!

chucalo@aol.com
Chuca
Chucaupt2
Chucka Marshall THE REAL GUY- with real friends who help make this all happen from day one- that includes you, Paunch.