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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Millracer who wrote (8270)	1/18/1998 10:32:00 AM
From: Carlo	of 20681

To All: Jan 1996 Naxos data from FL tight grid area hole #4, holes 5,6,7,8, and 9 are about the same values. Shown below is data from the past new release of Jan 1996, before the Johnson process break through. Only the gold and silver have been measured with the "ASE disputed fire assay". The rest of the metals were determined by ICP (a lab measurement technique which is in no way representative of recovery potential). The whole point if this post is to show that there is very high probability that the playa is very consistent. Although Naxos has COC/certified numbers of only a few locations, the data below would suggest that extrapolation of the Ledoux certified numbers to the whole playa is probably not that bad of a prediction. Naxos recovery with the Johnson process may have a multiplicative effect on the numbers below for gold ( and hopefully platinum and palladium. Hole#4 9'S, 244'E of Hole #1(from 1995-96 data) depth Au/ozT Ag/ozT Pt/ozT Ir/ozT Os/ozT Pd/ozT Rh/ozT Ru/ozT 0' to 10' 0.171 0.924 0.103 0.485 0.070 0.238 0.267 0.417 10' - 20' 0.190 0.868 0.140 0.490 0.091 0.224 0.291 0.408 20' - 30' 0.178 0.893 0.147 0.515 0.107 0.217 0.328 0.414 30 '- 40' 0.176 0.894 0.163 0.610 0.107 0.212 0.410 0.433 40' - 50' 0.180 0.870 0.172 0.684 0.119 0.205 0.491 0.409 50' - 60' 0.182 0.898 0.193 0.788 0.120 0.228 0.576 0.579 60' - 70' 0.187 0.974 0.248 0.910 0.127 0.247 0.603 0.783 70' - 80' 0.185 1.060 0.371 1.005 0.126 0.255 0.609 0.920 80' - 90' 0.185 1.147 0.418 1.046 0.120 0.271 0.647 1.219 90' -100' 0.196 1.083 0.480 1.072 0.124 0.298 0.693 1.418 100'-110' 0.201 1.080 0.510 1.114 0.126 0.301 0.699 1.439 110'-120' 0.214 1.161 0.674 1.308 0.120 0.319 0.703 1.510 120'-130' 0.216 1.223 0.718 1.396 0.117 0.340 0.703 1.527 130'-140' 0.210 1.218 0.740 1.461 0.119 0.327 0.710 1.531

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