ATLANTA, March 8, 2006 (PRIMEZONE) -- Maxam Gold Corporation (Pink Sheets:MXAM) announced that the company is now profiled on Market-Pulse.com. Maxam Gold Corporation is engaged in the acquisition, exploration, and mining of gold and other precious and semi-precious metals. The company was founded in 1974 and its principle property, located south of Gila Bend, Arizona, holds 640 acres of Maxam's and related company's gold claims. Originally developed by Maxam to provide an environmentally preferred alternative to the direct acid leaching method for gold extraction, Maxam's patent-pending extraction process was also found extremely effective at extracting precious metals, base metals and toxic elements contained in the bottom ash and fly-ash by-products of coal combustion. Market Pulse's profile focuses on Maxam's extraction process, the properties, the markets, management, recent developments and the future. Individuals interested in more information on the company can view the profile at http://www.market-pulse.com/mxamprofile.htm.
Maxam recently finalized its agreements with Xcentia Mining LLC and Xcentia Energy LLC. Under the terms of the agreement, Maxam will provide the Xcentia companies with its patent-pending extraction process technology in exchange for a 21.6% equity interest in Xcentia Mining LLC and a 10% equity interest in Xcentia Energy LLC. In addition, Xcentia Mining LLC specifically agrees that Maxam will be granted license, free use of this technology, together with any future improvements made by Xcentia, at any of Maxam's current and former gold claim properties located throughout the Western United States.
According to Bernard R. Schmitt, CEO of Market Pulse, "We are very excited to introduce Maxam Gold Corporation to the investment community. Maxam has made excellent fundamental strides over the last few months. MXAM is poised to become a significant player in the mining industry." Bernard Schmitt also noted that, "Under the leadership of this professional management team, the partnership (Maxam and Xcentia companies) is receiving considerable interest from potential coal ash and mining commercial customers. This little-known company could be the next discovered gem in this industry."
Maxam's patent-pending extraction process was also found to be extremely effective at extracting precious metals, base metals and toxic elements contained in coal combustion products, more commonly referred to as "Bottom Ash" and "Fly Ash." In 2001, Maxam investigated 29 of the 446 coal-fired electric power facilities in the United States to gage industry interest as well as to obtain ash samples for laboratory analysis. Reports from three laboratories that have analyzed the ash residue all indicate significant quantities of certain elements, minerals, and rare earth elements, some of which may have very attractive market value. In addition to the economic potential of the various elements, minerals, and rare earth elements extracted, Maxam's process would leave the remaining ash inert, thus allowing the ash to meet EPA ground water quality standards.
President and CEO Richard G. Steeves commented, "The success of Maxam's extraction process technology to date are the first steps toward creating an exciting multi-revenue opportunity for Maxam. Utilization of the Maxam process allows processing facilities to provide Fly Ash contract marketers with greater quantities of more marketable product. With the Maxam/Xcentia agreements finalized, Maxam is well positioned to substantially benefit from Xcentia's commercialization of Maxam's extraction process."
About Maxam Gold Corporation
Maxam Gold Corporation engages in the acquisition, exploration, and mining of gold and other precious and semi-precious metals. The company was founded in 1974, and its principle property, located south of Gila Bend, Arizona, holds 640 acres of Maxam's and related company's gold claims. Originally developed by Maxam to provide an environmentally preferred alternative to the direct acid leaching method for gold extraction, Maxam's patent-pending extraction process was also found extremely effective at extracting precious metals, base metals and toxic elements contained in the bottom ash and fly-ash by-products of coal combustion. Maxam's selection of Xcentia Mining LLC and Xcentia Energy LLC as a partner in the mining and coal ash process commercialization is a critical step that capitalizes on the vast industry-specific experience possessed by Xcentia's management team.
About Market Pulse
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