Maxam Gold Corp. Announces: 1. Higher Grade Ore Zones Confirmed; 2. Assay Results Confirmed by Two Independent Registered Laboratories Using Fire Assays.EAST PEORIA East Peoria, city (1990 pop. 21,378), Tazewell co., N central Ill., on the Illinois River opposite Peoria; inc. 1919. A rail and warehousing center for central Illinois, it has shifted from heavy industries to entertainment and service industries, including a , Ill.--(BUSINESS WIRE)--Nov. 25, 1997-- HIGHER GRADE ORE ZONES Maxam's (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:MXAM) contracted Geophysical Survey Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. has revealed ore zones of greater value than previous drill hole results indicated. Hewlett Mineral Management reported " ... (split) samples were sent to two registered labs ... results were converted to troy ounces/ton head ore, as follows: -0-
Maxam (Cooley) Internal 0.346 Troy ounces Gold/ton head ore.
XRAL (Toronto) 0.358 Troy ounces Gold/ton head ore.
SkyLine (Tucson) 0.360 Troy ounces Gold/ton head ore.
These (and other results) confirm the validity of the Maxam
geophysical technique for determining higher-grade precious
metal paleochannels which are now guiding our development work,
additional drilling, and the production grade control. The
registered laboratories utilized for these fire assays for
Gold/Silver are: Skyline Labs XRAL ..."
-0- Hewlett Mineral Management further reports the indicated ore reserves in these High Grade Ore zones to be 1,453,221 tons, using the grade of .346 Troy ounces Noun 1. troy ounce - a unit of apothecary weight equal to 480 grains or one twelfth of a pound apothecaries' ounce, ounce troy unit - any of the unit of the troy system of weights Gold/ton head ore. Production cost of Gold in THE HIGHER GRADE ORE ZONES ONLY is projected at $21.68 per Troy ounce. As reported in prior press releases, MAXAM has identified Silver, certain noble metals (Chem.) silver, gold, and platinum; - so called from their resistance to oxidation by air and to dissolution by acids. Copper, mercury, aluminium, palladium, rhodium, iridium, and osmium are sometimes included. See also: Noble , non-precious metals, and minerals in its analyses. Recovery of these elements is not included in the above production cost projection. The complete report, credentials CREDENTIALS, international law. The instruments which authorize and establish a public minister in his character with the state or prince to whom they are addressed. If the state or prince receive the minister, he can be received only in the quality attributed to him in his credentials. of the Registered Laboratories, and the registered assayers can be found on the Maxam Web site. MAXAM (COOLEY) LEACH RESULTS CONFIRMED BY TWO INDEPENDENT REGISTERED LABORATORIES BY FIRE ASSAY As reported above, one of the three sample splits was used for the internal leach test conducted by Maxam consultant, Max Cooley. The second sample was sent to an Arizona Registered Laboratory. The third sample was sent to a Canadian Registered Laboratory. The Fire Assays conducted by the laboratories produced assessments similar to those learned from Cooley's analysis. This information confirms Maxam's confidence in its internal assay procedures. -0- SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. STATEMENT-Actual results from the above disclosures could differ materially from projection, as results from economic factors, geological factors, operations factors, government regulations, or factors relied upon from independent sources, may either negatively or positively impact exploration or mining progress. CONTACT: Maxam Gold Corp. Dale Runyon, 309/699-8725 Fax: 309/699-1275 Al Hubbard Al Hubbard may refer to:
Fax: 602/314-0799 |
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