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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Bear Down who wrote (8337)	1/22/1998 12:43:00 AM
From: Kim W. Brasington	Read Replies (2) of 20681

Michael: This latest intersection that was reported on was a sand/gravel intersection. In the past Naxos has hypothesized that most precious metals have resided in the clays. The appearance of the first number that lead fire assayed 1.66 oz/ton gold on original ore is an unexpected bonus to Naxos in that it indicates in this one place that there is free-milling gold. The above having been said, Naxos management has indicated that it might be a hot spot and not indicative of the rest of the playa, or it may extend out from there. Further testing is called for. Regards, Kim W.

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