Friday, March 15, 2013 8:15:09 PM
If you look at me, you'll see I'm just a small shareholder in Sunriver, don't own MAXE, don't really play with penny stocks at all, just had an interest in the old maxwell land grant and know it is worth something, who will ever get something from it only time will tell.
The following is just a part of the latest press release:
The land first was believed to contain a large quantity of high-grade coal (according to 1991 and 2005 USGS surveys) and, while the land still may hold a great amount of metallurgical coking coal, Golder's research has indicated gold may be more viable within the area, causing Maxwell to adjust its focus.
Golder Associates, a Colorado-based engineering/environmental consulting firm, performed a study on Maxwell's holdings by overlaying historical data (including the 1991 and 2005 USGS surveys) upon known data points and maps and making calculations based on this examination.
Golder also looked at how easy it is to access the sites, where the best mineral deposits might be (as well as how difficult or easy it could be to extract them), permitting issues, and the market prices of coal, gold, silver, and other minerals.
Golder's report indicate that two areas within Maxwell's holdings of 170,000 acres in northern New Mexico could contain mineable gold: Ute Park (3,479 acres in size) and Eagle Nest (30,231 acres in size, although only a portion of the acreage maybe mineable). Both areas are located about 20 miles northeast of Taos and are located in the southwest portion of Maxwell's holdings.
Dias said Golder did not estimate how much gold may be in the two areas as "it is too early to tell."
Both sites also are located adjacent to the Baldy District, the location of the historic Aztec Gold Mine, which was successfully mined for gold from 1868-1945, as well as five other gold mines.
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