RATON, New Mexico - October 15, 2012 (Investorideas.com Mining stocks newswire, www.coalsectorstocks.com) 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.
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.
Published at the Investorideas.com Newswire - Big ideas for Global Investors
Disclaimer/ Disclosure:The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.