Maxam Gold Corporation

(PINKS:MXAM)
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Maxam Gold Corporation announced today that it has acquired exclusive rights in North America for High Tech Health Inc.'s (Boulder, CO) Electro-Chemical process to produce Super Oxide Water for use in mining related industries.

The Agreement includes the processing of Fly Ash. Maxam's progress in removal of detrimental elements contained in Fly Ash was announced on March 6, 2002.

Consultants advise that Electro-Chemically altered water has potential application as a reagent to replace any type of acid in the leaching of ore and Fly Ash. This technology has been used in Japan for over 10 years in numerous industrial applications, particularly in medical and agricultural environments.

Maxam has successfully laboratory tested Super Oxide Water as an Acid Replacement to leach gold from its Peoria Seven ore body, and is arranging for a pilot test to prove the feasibility of using Super Oxide Water as an Acid Replacement in Maxam's Leach process when leaching Fly Ash.

This Electro-Chemical process takes TAP WATER and splits it into two streams.1. The oxidizing side to a pH of 2.3 with an ORP of 1,100mvPlus.2. The reducing side to a pH of 11.5 with an ORP as low asminus 800mv.A significant aspect of the Super Oxide Water is that when it is exposed to the environment, it reverts to environmentally friendly water.Potential benefits in using Super Oxide Water are many.1. Lower construction capital costs.2. Fewer or no Acid storage challenges.3. Fewer OSHA compliance requirements.4. Shorter permitting time.5. Potentially lower processing costs.

Company Address

528 Fon Du Lac Dr
East Peoria, IL 61611

IR Contact

Dale Runyon Phone: 309-699-8725

Email:

maxamgold@aol.com

WebSite:

http://www.MaxamGold.com/
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