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

To: Richard Mazzarella who wrote (8154)	5/6/1999 8:31:00 AM
From: Steve	Respond to of 11603

Company Press Release Thursday May 6, 8:08 am Eastern Time biz.yahoo.com Company Press Release Maxam Gold Corporation Finds Leach Process Improvement EAST PEORIA, Ill.--(BUSINESS WIRE)--May 6, 1999--Maxam Gold Corporation (OTC BB:MXAM - news) announced today discovery of an innovative modification to the Maxam proprietary leach system. Maxam has been researching use of an ingredient to replace certain of the chemicals required in its leaching process to reduce chemical and chemical processing costs. The innovative modification to the Maxam leach system may reduce costs of metals recovery significantly in all three of the process phases. -- Gold, silver, platinum group metals (pgm's), and some non-precious metals -- Non-precious metals, and some rare-earth minerals -- Rare-earth minerals and some non-precious metals The reduction of certain chemical usage may result in lower level permit requirements under air quality standard regulations, which should reduce both permitting time and costs as production is increased from start-up to the 10,000 Tons per day level. This potential break-through may allow for greater economic recovery of non-precious metals, perhaps to the extent that at current metals prices, could exceed that of silver, gold and PGM's. Safe Harbor Statement Some statements contained in this and/or other Company correspondence are to be considered ''Forward-Looking Statements'' as defined under the Private Securities Litigation Reform Act of 1995. The words ''believe,'' ''expect,'' ''anticipate,'' ''estimate,'' and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks, uncertainties, and assumptions, including: 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 requirements and, the effects of economic factors, geological factors, operations factors, governmental regulations on exploration or mining operations. The company does not undertake to update any of the forward-looking statements that it may make from time to time. Further, there can be no assurance that any forward-looking statements will ultimately prove to be accurate.

To: Richard Mazzarella who wrote (8154)	5/6/1999 9:09:00 AM
From: SnakeInATuxedo	Read Replies (1) \| Respond to of 11603

<< Maxam has been researching use of an ingredient to replace certain of the chemicals required in its leaching process to reduce chemical and chemical processing costs. >> Omigod! Kitty litter! Now we know why Tim's been soooo quiet.

To: Richard Mazzarella who wrote (8154)	5/6/1999 9:16:00 AM
From: Paunch	Read Replies (1) \| Respond to of 11603

Richard, with the price of gold edging up and the Maxam announcement, today should be a better day for Maxam. This announcement this morning was better news than I had expected before the next assays. Now if we can see some higher numbers in the next assays and keep in mind that the true recovery is about double the assays , we may be on our way to building a mine. with the .15 equivalent gold from the first assays, at 10,000 TPD would amount to a little more than one hundred million per year before expenses, and that is what the first assays were, if the next assays are improved we are in business. There is a way to go yet but we have at least now begun. Paunch