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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Kim W. Brasington who wrote (11576)4/8/1998 9:55:00 AM
From: Tom Frederick   of 20681
 
Kim, thank you for your response. It would seem there are two parallel efforts being made here. One is a very practical industry accepted concentrated drill program to establish a real estimate of PM's in a specific area. The second is a broad stroke across the playa to show the existence of PM's around the playa.

Now, as my comments to Mr. Tai reflect and your comments also imply, if the 100 foot depth program DOES show similar results at similar depths, this will build the case for a sedimentary deposit in which case the broader 28 hole program can be used as an initial indication anyway, of what is in the ground all over the playa.

Very exciting stuff. With drilling to begin in about 12 days, and 3 or 4 labs up to speed by then, results should just keep pouring out for an ongoing stream of opt results. (I assume of course)

Thanks again.

Tom F.
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