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

To: Claude Cormier who wrote (8393)	5/17/1999 11:03:00 AM
From: Tim Hall	Read Replies (1) \| Respond to of 11603

Claude, Mobile metal ions migrate to the surface and affiliate in trace amounts with other minerals. A company out of Australia has been working on this for several years. Professional exploration geologists I have asked about this say it may become an interesting tool. It seems to work best on traditional deposits in wet climates. This work in the desert is new and interesting. I doubt that this method will replace drilling but will probably be used to find the best places to drill. Tim

To: Claude Cormier who wrote (8393)	5/17/1999 12:18:00 PM
From: Richard Mazzarella	Respond to of 11603

Claude, <<can save some drilling>> I asked Runyon specifically what the potential for savings over classical drilling. He believes the cost resource mapping would be 1/5 of a full drilling program. Mapping corroborated against drilling occurred last year, that was one purpose of mapping the current COC, verification for the BLM. If this is shown to work, Maxam can evaluate its other properties (73 square miles) for their potential. I even suggested that Maxam bring in the mapping technology people as a division, make income evaluating other desert dirt properties. As soon as Chuca gets back, ask him to put up some of his scans of the Maxam mapping for Peoria, you'll be impressed. Does it really work? Hopefully it does and that will be proven soon.