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Thursday, January 29, 2015
Maxim Resources Inc. recently held joint management committee meetings with Morocco’s ONHYM to review its current activity and the next steps of work required under the Reconnaissance Contract Maxim holds for the Hassi Berkane Concession. During the meetings Maxim was able to gain access to additional data on the concession, including some reprocessed seismic data on the pre-existing 2D seismic package originally provided to Maxim by ONHYM. It is anticipated that this could possibly accelerate the evaluation program presently underway.
Maxim and its exploration team are currently completing the first phase of the evaluation program. The company said it will complete the analysis of PSTM (Pre-Stack Time Migration seismic processing) data, which has been loaded to the Kingdom work station. There is also the seismic reinterpretation of the full (relevant) data set which comprises approximately 1,150 2D line km. The seismic data is in three sets: the 230 km Ankoul set, the 629.3 km Beniznassen set, and the 290.7 km Driouch set.
Maxim’s plans also include the launch of satellite imagery, the integration of gravity data or review/purchase of speculative gravity data, evaluate and possibly integrate geochemical surveys and data, as well as reprocess a subset of the 2D vintage seismic data and apply Apex Spectral analysis, a DHI process.
In addition the company will define leads and prepare volumetric calculations based on new seismic interpretation, regional geology, and well data after which it will prepare suggested drilling locations.
Once the analysis is completed Chapman Petroleum Engineering Ltd. will provide an update to the already published initial N.I. 51-101 Technical Report.
On the corporate end Maxim is continuing its efforts and working with its consultants to complete a dual listing on the AIM Market of the LSE.
Andrew Male, Director and CEO commented,“Having recently taken over the role of president and CEO of Maxim I am pleased with the continued progress that we make at a project level as well as expanding the technical and expertise available to Maxim. These activities are a continuation of the corporate vision and working relationship that Art Brown and I have had for the past couple of years while working together.”
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