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Time to step on the gas! MXAM just released news!
Maxam Gold Corporation Moves Forward with Exploration Plans in Honduras
Las Vegas, NV, Sep 11, 2013 (eTeligis.com via COMTEX) 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.
Below is the email I sent out last night in case if you missed it !
So we got back to our winning ways Tuesday, with our alert hitting a high up 40% early in the day. Congratulations to everyone who booked a profit.
As you are aware I try not to profile too many picks in a week but something caught my attention that I thought should be a nice play for the hump day ! Wednesday !
Gold is heading back to all time high ! Its time to take notice of
Maxam Gold Corp. (OTC: MXAM)
Maxam Gold Corp. (OTC: MXAM) is a Nevada corporation formed for the purpose of mining operations in the United States and around the World. MXAM has recently acquired mining operations from Pembina Limitada, S.A. a Nicaraguan Corporation registered under Nicaraguan Laws. Pembina have been active in Nicaragua for a number of years developing strong relationships with the miners and with the Government.
MXAM will expand the operations in Nicaragua with the buy and selling of Gold & Silver. The company also has on its growth roadmap, plans to expand in other lucrative South American mining countries.
Start your research here at the company's website: http://www.max-amgold.com/
Earlier in May, the company announced PR..according to which: "Charles Hays, of Comanche Capital stated that the opportunity in Honduras enables Maxam to begin its gold acquisition program, which the company announced last January. The company, along with Comanche Capital, plans to start the gold buying program at 1 kilogram per week, with a projected profit margin of 30%, increasing to 10 kilograms per week, with potential gross revenues of over $2 million per month."
Those are huge numbers...and I think at triple zero levels, MXAM is set to make a strong comeback !
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