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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: mark silvers who wrote (10258)3/16/1998 12:21:00 PM
From: Hans Smedema  Read Replies (1) of 20681
 
Mark,

Yes, something like that. Johnson has several stages as they informed earlier. In each stage more refractory or complex gold is recovered.

I know in another PR they state: >>>"The Colorado Mineral Research Institute of Golden, Colorado, has been retained to process the ore using the techniques developed by Dr Johnson. Following processing, a check sample is sent to Dr Johnson. Once Dr Johnson indicates that the check sample has been processed correctly, CMRI sends
full samples of the processed ore to Ledoux & Company and another
independent qualified lab. The company is negotiating with a third
qualified lab. As of this date, Dr Johnson has approved the release of a
batch of sample material and it is currently being analyzed by the two
labs. All test samples remain under strict chain of custody at all times.<<<

But they don't give info on how much of the process is used. Kim gave an answer that the info from JL could be only verbal info also, indicating to me he does not know which stage is used. It has to be a very simple one as the costs for doing several thousand samples must be kept low. Getting lower grades is logical then.

All we have to do is wait a few month's, not so bad at all.

Just MO of course, but highly logical, Hans
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