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Feb. 12, 2013 /PRNewswire/ -- Maxam Gold Corporation, Inc. (OTCPINK:MXAM) Maxam Gold Corporation a gold mining property development company with interests in
Nicaragua will be a featured guest in an exclusive interview tonight at
The interview will be held on
February 12, 2013 at
8:00 pm EST. An archived recorded version can be found on the homepage of Stock Traders Talk at
www.stocktraderstalk.com, following the interview.
This interview will discuss Maxam Gold Corporation's plans in
Managua starting with a joint venture for buying gold from the indigenous people of
Nicaragua. We'll discuss plans for equipment to modernize the concessions with mills, processing and modern earth moving equipment. Pembina Limitada and wholly owned subsidiary of Maxam Gold Corporation has all of the required permits and licenses to explore, excavate, develop and export gold from the concessions.
Maxam has been focused on trying to acquire only those properties that were most economically feasible, and that were quick to develop or upgrade. Maxam believes it has found that in its acquisition of Pembina Limitada. Most gold mining projects in the US are just that, projects. It can take considerable amounts of time to get a full scale commercial operation up and running. The company's Nicaragua mining concessions, are easily accessible. They require no chemical leaching or processing, so this keeps initial capitalization costs down as well as cost of production, with a lesser impact to the environment.
In an earlier press release, the company stated, "Preliminary testing has shown confirmed reserves in excess of 80,000 troy ounces of gold to date, and more than two million additional troy ounces possible. In addition, there are 800,000 metric tons of tailings containing 4 grams of gold per metric ton. This equals 3,200,000 grams or 102,894 troy ounces of gold, which at today's prices represents $166,894,000 just in tailings. These tailings are easily accessible and can be processed immediately after the mill upgrade is complete." If the company can keep attaining its milestones, it was said that, "Maxam Gold Corporation and Pembina Limitada S.A. have committed to have these concessions in production this year, with a bottom line profitability of $3,896,000 by year-end."