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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: sh who wrote (7525)12/18/1997 7:32:00 PM
From: Kim W. Brasington  Read Replies (7) of 20681
 
To All:

I'll attempt to answer some questions that several have posted to me, before I go in on the night shift.

Michael - your suggestion may not have fallen on deaf ears.

Lawrence - No, Naxos was not happy with the Behre-Dolbear wording. Naxos will be asking them to rectify that.

Missy - If we would have gotten consistent .065 ozs./ton/Au, then we would have gone with a conventional methodology. Many of the other standard lead fire assays were more in the .01 range.

Larry - Scale up is a critical element in the evolution of any mining concern. Laboratory feasability has to be matched with pilot plant feasability. Successful lab results are a strong indicator of what could be the likely outcome of a pilot plant scale-up. The fact that complex ores can be converted to simple ores in the Johnson/Lett process is quite indicative of probable success on a pilot plant scale-up.

Kurt - I don't know a definite timetable for Ledoux to release certification. Naxos has asked Ledoux for some results before Jan. 6th.

Henry - Austin Lett has been on a search for the key to unlock refractory ores for eleven years now. He has been associated with Merewyn White and several other scientists in the journey to find that key.

Jim - The private placement was opened to accredited investors (about 8 took down positions) who have a net worth over $1 million. The million that was raised will be used for the pilot plant. If you have any questions about it please call Russ @ (603) 891-5743.
Also, Naxos has 34 million shares fully diluted.

I hope that this will be of help to all.

Regards,

Kim W.
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