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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Richard Mazzarella who wrote (9269)2/25/1998 4:52:00 PM
From: Tom Frederick  Read Replies (2) of 20681
 
Mr. Mazzarela, In your post to Jerard, you imply that you don't believe that Naxos will ever "profitably mine" the FL property. Since you seem active and interested in the IPM and CHIP threads and those two properties most recent releases indicate gold at about .019 for chip and .07 for IPM, (and you seem somewhat hopeful for those properties) how do you come to the conclusion that Naxos with the most recent results from .95 to 2.5 opt gold could NOT be HUGELY profitable? I have asked some mining people about assay vs. recovery and they agree that if it can be assayed, it can be recovered and there is only small loss of recovery from assay if any.

Naxos has PROOF in the form of COC drilled samples and Certified results that there is very high concentrations of gold (and we will soon hear more about Pt, Pl, etc.)The work that still needs to be done is further check lab results, a drill program to prove the size of the deposit and the like. However, if Naxos continues to show 1 oz plus per ton on gold PLUS other metals in any concentration at all, there are very few methods of recovery that could not be profitable well beyond the norm in the U.S. anyway.

Me thinks you do protest too loudly!

Regards,

Tom F.
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