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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Kim W. Brasington who wrote (8395)1/22/1998 9:01:00 AM
From: Max Haber  Read Replies (1) of 20681
 
Kim, Time for you to write the press releases. And a qustion.

The last press release that showed the fantastic chain of custody results was great news delivered in a very confusing manner.

If those results were from a sand and gravel sample that was dug by B/D and tested by Ledoux and showed more than 1 ounce/ton by a conventional process is a huge bonus. Most investors understand the economics of a conventional ore much more than the clay ore and the J/L process.

It's the yield per ton, costs per ton, not the method that is important. If Naxos can show those type of COC numbers by a conventional process ONLY 160 feet below the surface it could be huge.
Combining that with the J/L method ----even better.

In South Africa they burrow through rock 1-3 miles below the surface to mine gold at a fraction of these reported yields.

Question for you Kim,
1.) On this hole that was tested and reported by Ledoux, who picked the drilling site Naxos or B/D?

2.) What is the approx. spacing between the holes drilled by B/D?

3.) In conventional ore bodies it is MY understanding that gold and platinum do not mix as they can in the clay part of the F.L. property.
Would that help explain why platinum in the last report was"not detected" or did they not do the platinum tests?

Thanks

Max Haber
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