$MXAM Company Overview and Description
Based in Nevada, Maxam Gold Corporation is a leading gold mining and development company with its main focus on mining concessions in Nicaragua. Maxam Gold Corporation was formed in 1975 and has been involved in the mining and exploration of gold since 1985. Gold demand, along with gold prices, has revitalized the company. Its policy of acquiring gold production, through the partnership and acquisition of active gold mining companies, will allow Maxam to expand more rapidly and increase the profitability of its current operations.
$MXAM Projects
Phase I
Initially we will be buying gold from the native community and reselling it to International Buyers. This buying and selling will generate cash-flow covering much of the direct costs to establish our long range program.
Phase II
This will be the establishment of a dredging operation on the lake and will provide us with additional capital as we move towards our major goal of building our major milling plant. During this Phase II our geologist will be developing the necessary data for our 43101 registration in the United States.
Phase III
Pembina is presently in the initial exploration & exploitation. Our privileged permits allow us the advantage to mine while simultaneously exploring and exploiting a small scale 250 metric tons of ore per day proven to produce 2000 grams of gold. With the 43101 in place, additional capital will be provided to operate a large scale mill to produce up to 1500 metric tons of ore per day, proven to produce 12,000 grams of gold, valued in today’s market at $682,000.00.
The Iberominas plant is now in operation, and has an associated infrastructure including extraction equipment, excavators, trucks, loaders etc. The plant is located in Villanueva, Department of Chinandega.
As the Iberominas plant is being ramped up to include not only the Company’s ore, but will allow the Company to refine ore for the natives. This is a very profitable operation as the Company gets half of their ore for processing it and then we can purchase their refined ore at a discount and resell it with our gold.
$MXAM Key Company Management
Maxam Gold Corporation
Charles Langrill, CEO President
Since attending Chapman University, Charles has spent 20 years in the financial sector.
Six years of which, he served on the board, and was Executive VP/CFO of a development stage gold mining company. Temple Summit Financial Projects, Inc. was fully reporting and traded on the OTC:BB. He has experience in mining claim exploration and
acquisitions, both domestically and abroad. Charles also managed equipment acquisitions and contract negotiations for R&D and joint venture prospects. Temple Summit liquidated it's gold mining assets and acquired a tech company in China during the internet/tech stock boom in early 2000. Charles was instrumental in negotiating the buyout, and the company saw an 800% price per share increase for shareholders. After leaving the company, Charles has since been involved in the OTC markets, assisting start-ups to go
public and raise working capital.
Maxam Gold looks forward to drawing upon Charles' experience to get the company on the fast track to the future.
$MXAM Contact Info
Maxam Gold Corporation
3651 Lindell Road
D 482
Las Vegas, NV 89103
Website:http://www.max-amgold.com
Phone: 702-530-4730
Email: maxamgold@mail.com
$MXAM SEC Filings
http://www.otcmarkets.com/stock/MXAM/filings
$MXAM Headlines
http://finance.yahoo.com/q/h?s=MXAM+Headlines
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Maxam Gold Corporation Moves Forward with Exploration Plans in Honduras
ReplyDeleteSept. 11, 2013, 9:26 a.m. EDT
Sep 11, 2013 (ACCESSWIRE via COMTEX) -- Las Vegas, NV September 11, 2013 - (ACCESSWIRE) - Maxam Gold Corporation (otc pink:MXAM) http://www.max-amgold.com/, Maxam Gold Corporation, has engaged approximately 50 Artisanal miners in the Colon province of eastern Honduras, to explore and perform test production from potential alluvial gold deposits. Maxam is working with local and indigenous peoples who are independent miners (Artisanal). They will be exploring areas for sustainable production, using no toxic chemicals or other environmentally harmful methods. The company expects to see results from their work in a few weeks as they return from the isolated interior of Honduras. Based on results, Maxam looks to assist the Artisanal miners, who now work with only hand tools, in acquiring newer equipment to streamline production.
In addition, the company is investigating a mining concession in the Choluteca Province, near the famous New York and Honduras Rosario Mining Company's Bonanza and Rosario Mines. The concession, which dates back to the Spanish mining era, is potentially a source of ore using new and more efficient exploration and mining methods.
Mining, the mainstay of the Honduran economy in the late 1800s, declined dramatically in importance in the 1900s. The New York and Honduras Rosario Mining Company (NYHRMC) produced US$60 million worth of gold and silver between 1882 and 1954 before discontinuing most of its operations. Mining's contribution to the GDP steadily declined during the 1980s, to account for only a 2 percent contribution in 1992. El Mochito mine in western Honduras, the largest mine in Central America, accounted for most of the mineral production. Ores containing gold, silver, lead, zinc, and cadmium were mined and exported to the United States and Europe for refining.