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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: sh who wrote (10050)	3/14/1998 11:44:00 PM
From: Kim W. Brasington	Read Replies (3) of 20681

To All: This last news release is a watershed event in the history of Naxos. For the first time we have consistent lead fire assays from multiple labs. The mining community understands this. We don't know all of the nuances of Franklin Lake, like free gold intermixed with refractory gold, etc. but that will take more drilling and research. These tests were firsts - if the normal mode for the industry holds true, then this is ground floor, and greater familiarity and experience might well yield higher values. Looking at the drill map on the web page, you can see that the drilling plans will pretty well bracket the playa, and give us a great idea of what is there. To add to that, the pilot plant is on schedule (end of April). Kim W.

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