Naxos Resources (NAXOF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Naxos Resources (NAXOF)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mark silvers who wrote (10260)	3/16/1998 11:04:00 AM
From: Larry Brubaker	Read Replies (2) of 20681

Mark: As I said a few months back about extrapolating results from 1 hole, the same applies now with two holes, but even more so. You have extreme variations within the same hole by the same lab, variations between the two labs, and variations in results within the same lab but with different tests. Mr. Brasington tried to explain the variations from one test to the next as due to "hot spots." Would it not be possible that Naxos drilled known hot spots for these tests? We see results from these holes as low as .02 opt. It could be that the precious metals content of Franklin Lake is similar to Maxam's property. Maxam talks about an average of .05 opt, but also reports hot spots as high as multiple ounces per ton. Maxam also reports free placer gold in its ore. Given the variability of results, and the paucity of drilling results, it seems quite premature to attempt to extrapolate the results from these holes to the entire property.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next