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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Tom Frederick who wrote (10976)3/25/1998 4:49:00 PM
From: Henry Volquardsen   of 20681
 
Tom,
Your point is correct. thall's question does deserve a serious answer. I go through withdrawls in the mid-afternoons which causes a quick trigger some times.

I have in fact been asking a few questions as well and much of what I have heard agrees with your much more civil response. The simple truth of the matter is that for each and every deposit there is a lot of work needed to determine which is the appropriate method of extraction. This work is proceeding now and will take some time. But as I have posted before each deposit is a unique metalurgical puzzle that will have a unique solution.

As regards to what we know about Franklin Lakes we have confirmed #s from one hole showing values around .2 opt. A lot more holes need to be drilled before we can make serious inferences about the nature of the deposit. But as you correctly point out it is conventional wisdom that if gold values can be obtained by standard fire assay then it will be able to be extracted.

Early on thall asked a question of whether clay is heap-leachable. I don't yet have a complete answer but can make two observations. 1) there are treatments for clay that will help break up the structure that are not that expensive and may be cheaper than an attritter if all that is is needed is the 200 mesh stated in the most recent release. 2) heap leaching is generally used on deposits below .1 opt. On a higher grade such as .2 opt there are other methods that tend to be better. But as you say a lot of work needs to be done.

Henry 'I am not :Dick: I just act like him sometimes' Volquardsen
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