NEW YORK, 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 8pm EST.
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."
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About Maxam Gold Corporation:
Based in Nevada, Maxam Gold Corporation is a leading gold mining and development company with claims in Nicaragua. Maxam Gold Corporation was formed in 1975 and has been involved in the mining and exploration of gold since 1985. Recently the Company purchased Pembina Limitada S.A., a Nicaraguan Gold Mining Corporation. This acquisition, along with the rise in gold prices and demand of gold has revitalized the company. Its policy of acquiring gold properties through acquisitions of gold production companies will allow Maxam Gold to expand the production and profitability of its current operations.
Maxam Gold Corporation
Charles Langrill, CEO
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Maxam Gold Corporation, Inc.