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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Kim W. Brasington who wrote (8591)	1/27/1998 8:10:00 AM
From: jlallen	Read Replies (1) of 20681

Mr. Brasington: I thought I remembered reading somewhere on this thread that the company had in hand a permit for an additional 40 holes to be drilled. If so, will this require more financing? Also, as I have asked previously, I think it is important for the company to make a press release concerning the J/L option and purported extension of the company's right to exercise the extension, perhaps even some explanation as to why the extension was necessary. Is such a release planned? Also, testing has been going on for many months now, we all assume it is continuing. It would be nice to know who is doing the testing. Finally, in light of the release on the FL property Venezuela seems an unecessary distraction from what should be the primary task at hand. Is John Norton still in Venezuela or is he involved in FL? Thanks for any light you can shed on these issues. JLA

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