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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Tom Frederick who wrote (10486)3/18/1998 1:21:00 PM
From: W.F. Schwertley  Read Replies (2) of 20681
 
To All (hold on to your hat, Jerard),

The following is a combination of the assay samples of the
last two press releases (*** indicates today's results):

Hole Depth Ledoux & Rocky Mountain
Company Geochemical
(Au oz/T) (Au oz/T)
--------------------------------------------------------------------
4 25'-50' 0.134
4 25'-50' 0.222
4 150'-175' 0.120
4 150'-175' 0.181
5 25'-50' excluding 30'-35' 0.082 0.024
5 50'-75' excluding 60'-65' 0.079
5 50'-75' excluding 60'-65' 0.105
5 50'-75' excluding 60'-65' 0.146
5 50'-75' excluding 60'-65' 0.227
5 75'-100' 0.024
5 75'-100' 0.198 ***
0.198 ***
5 125'-150' 0.012
5 125'-150' 0.201 ***
excluding 130'-135' 0.222 ***
5 150'-175' excluding 160'-165' 0.082 0.108
5 205'-225' 0.096
5 205'-225' 0.163 ***
0.187 ***
5 225'-250' 0.068
5 225'-250' 0.213 ***
0.236 ***
5 250'-275' excluding 260'-265' 0.093
5 250'-275' excluding 260'-265' 0.102
5 250'-275' excluding 260'-265' 0.155
5 250'-275' excluding 260'-265' 0.180
5 250'-275' excluding 260'-265' 0.190
5 250'-275' excluding 260'-265' 0.260
5 250'-275' excluding 260'-265' 0.327
5 250'-275' excluding 260'-265' 2.435(a)
5 275'-300' 0.067 0.032
5 275'-300' Johnson 0.566 ***
0.306 ***
5 305'-330' 0.040
5 305'-330' Johnson 0.251 ***
0.146 ***
5 305'-330' 0.070 0.060

Now, if the Johnson/Lett Method was used on the assays in last
week's PR (as I believe) why are the assay results less then
today's PR which did not use the Method for most of the samples?
And even if the Johnson/Lett Method was not used on last week's,
why are last's week's assays so much smaller than today's?
Finally, why weren't these assay samples duplicated by RMG?

Don't get me wrong, I thought today's PR was a few standards
above last week's. But I still have questions I would like
answered.

Long with a sell hair trigger,
WFS
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