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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: mark silvers who wrote (6978)	12/11/1997 9:34:00 AM
From: Henry Volquardsen	Read Replies (1) of 20681

I was wondering about scale up. Are you referring to the Sep 2 release? That was a 200 lb bulk test (close enough). The numbers were 3.135 gold equivalent (still very, very good) .779 gold, 1.259 platinum and 1.378 palladium. This sample was taken from surface material so there may have been factors that would give it a different concentration than material from a 135 foot depth. But if it is of similar quality to the deeper material it would indicate a lower yield on scale up for commercial production. Don't get me wrong, 3 oz gold equivalent is still excellent and will make us all very happy. It will be interesting to see what happens with the production assay.

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