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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Bear Down who wrote (7452)12/17/1997 2:17:00 PM
From: Tim Hall  Read Replies (3) of 20681
 
>>>LeDoux's word should be good enough for anyone, and they will not sign off if they doubt the COC status in the least. I think their behavior over the past 3 months or so, proves that they won't sign off if they have even the smallest of doubts.<<<

I hope Naxos has not paid LeDoux any money. LeDoux is an assay lab. You call them up and tell them that someone will show up with a sample to run. That person shows up with the sample and they run it using the method requested by the client. They don't know and they don't care what happed to the sample before they received it. All they care about is who delivered it. They might be instructed to make sure a chain of custody seal is in place but they don't care what happed to the sample before that seal was placed.

If I sent a sample to LeDoux and they sent me results but said we can't confirm, I would say fine, I can't pay. The idea that LeDoux has performed this work, provided numbers but can't certify is extremely suspicious. I do not believe for five minutes that the numbers are so good that they need extra verification. If LeDoux is not confident in their own work, why should any one else be.

All they did was a standard lead fire assay on the material after the Johnson shake and bake. LeDoux can't certify one of their own fire assays? LeDoux can't certify that they followed Johnson shake and bake as instructed? LeDoux can't certify internal chain of custody?

Take your pick, what aspect can't LeDoux certify.

Tim Hall
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