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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Jerry in Omaha who wrote (8551)1/25/1998 12:27:00 PM
From: Terry Christopher  Read Replies (1) of 20681
 
<<"...I understand that we are discussing two forms of gold deposits. My point is that they are both alluvial as I understand the property and its deposits.">>

I would guess there are two types: free and refractory. A free gold component is not surprising since the area has been known for Au mining in the past. Free Au is simply little particles or nuggets that are physically broken away from bedrock at another location, transported via water to it new resting place - FL. The refractory component is different. It starts with the dissolution of Au from some souce up stream. It's dissolved in solution like salt in water - you can't see it. The dissolved Au is transported to the FL area, where it reacts with the zeolite. Thus, both are related to alluvial processes, but in different 'forms'.

<<An interesting topic will be the proportion of
so called "alluvial" gold to the so called "chemosorbed" gold.>>

The fraction of chemosorbed, IMO, will be FAR greater than the alluvial fraction. Depending on the history of FL there could very well be ancient river beds with high grades of free gold. For me that is of little interest. I'm more interested in seeing the if there will be very rich chemosorbed clay layers. These types of settings (layers and layers of clay - zeolite) will not allow water to flow evenly through the deposit. Logically, the layers with the greatest ancient volume of river flow should have the highest grades.

TC
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