RATON, New Mexico, Oct. 15, 2012 (GLOBE NEWSWIRE) -- Roy Pillmore, a highly regarded geologist with considerable expertise in coal deposits within the vast Raton Basin, has joined Maxwell Resources as a consulting geologist. Pillmore will work with Maxwell as it explores the Raton Basin for potential energy (coal) and valuable metals (gold and silver) reserves.
In fact, Maxwell will explore the Basin based upon a 1991 USGS survey authored by Pillmore's father, renowned USGS geologist, the late Charles "Chuck" Pillmore.
The senior Pillmore's 1991 survey found that the Basin contains $3.4 billion or more in coal, while a 2005 survey of the same area found there could be even more high-grade coal than previously estimated.
Maxwell possesses fee-simple mineral ownership of 170,000 acres within the Raton Basin.
Roy Pillmore has more than 30 years' experience as a geologist, with considerable expertise in coal geology within the Raton Basin. His extensive coal knowledge has been honed with work as a mine engineer, production and reclamation supervisor and as a blasting geologist with several companies, including Kaiser Steel Corporation and Chevron Corporation.
"Roy was one of the first people we thought of to work with us on this project," said Phillip Dias, Maxwell Resources' president and CEO. "He's worked in the Basin almost his entire career and knows it inside and out and sideways. What's more, he grew up in the Basin (and still lives there), and worked side-by-side with his father for several years.
"Roy knows coal and he knows Raton. We'd be foolish not to ask him to join us and we're thrilled he said yes," Dias added.
Pillmore's main duties with Maxwell will be the identification of recoverable natural resources such as coal, gold, silver, and other rare earth minerals.
He holds a Bachelor of Science degree in Geology from Colorado State University, Fort Collins. Additional employers include the Kaiser Coal Corporation and the Pittsburg & Midway Coal Mining Company. He now operates a geologic consulting services firm, Roy Pillmore Consulting Geologist.
About Maxwell Resources
Maxwell Resources, Inc. (OTCBB:MAXE) owns mineral rights (fee simple) on more than 170,000 acres in the Raton Basin in northern New Mexico's Colfax County. The company is looking for investors interested in partnering with it as it proves up gold, coal, hard minerals, and other rare earth minerals, pinpointing the sites that will deliver the largest return on investment.
Forward-Looking Statements
Statements made in this news release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "believe," "intend," "plan," "continue," "may," "will," "anticipate," and similar expressions are intended to identify forward-looking statements. Actual results may differ materially from those projected in any forward-looking statement. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated. Potential risks and uncertainties include among others, our inability to raise additional capital, planned exploration or maintain property rights; interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for planned production, exploration and other activities, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity price. Additional information on these and other factors, including Risk Factors, which could affect the Company's results, is included in its Securities and Exchange Commission ("SEC") filings. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement. You should not place undue reliance on any forward-looking statements. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by securities laws.
For more information on investing, visit www.MaxwellRe.com or e-mail Dias at info@maxwellre.com.