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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Max Haber who wrote (9113)2/15/1998 6:37:00 PM
From: Kim W. Brasington  Read Replies (1) of 20681
 
Max:

In regards to the labs - my understanding is that standard fire assay is being used. The type of assay will be noted in press releases. The 1,000 pound a day test lab should be up and running within the March/April time frame.

MDM is a reputable South African firm that operates within the fields of engineering that designs processing facilities, plants, etc. as you mentioned. MDM is doing work for Naxos in South Africa.

I talked with John Norton several weeks ago about Venezuela. His expectations were that the operations there would be cash flow positive sometime this year (the time frame reference that I asked the question of was mine). We are now processing some of our own ore in addition to contract ore at the Kilometer 88 gold plant. I understand that diamonds are being produced.

Regards,

Kim W.
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