Kim, good to hear from you. I appreciate your general explanations about how things work in the mining industry. If I may, I would like to reiterate a few questions that were previously posted.
The company uses different terms when referring to the assay method. Here is a selection from the recent releases:
August 29, 1997: "standard fire assay"
Jaunuary 12, 1998: "lead fire assay"
March 12, 1998" "standard lead fire assay procedure, provided by Dr. Al Johnson"
A few questions are in place:
1. Are these different testing procedures? If not, why doesn't the company adhere to one and the same terminology?
2. In the most recently published results, were the samples treated with the J/L process, partially treated or not treated at all? There has been quite some speculation on the thread, but no clear word from Naxos.
3. The results released on 1-12-98 show an average gold content of 1,72 opt in a sample from hole 5, depth range 150' - 175'. By contrast, the most recent results for the very same intersection show a gold concentration of 0.082 from the very same lab! This is a deviation by factor 20!!! What happened? Does the company see any need to explain this?
4. What is the current status of negotiations between Naxos and J/L? What is the expected time frame to reach a final decision?
5. What are the company's concrete plans, if any, to improve PR and communications with its share holders?
A clarification of these matters will be greatly appreciated.
Kurt |
