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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Kim W. Brasington who wrote (11557)4/7/1998 3:35:00 PM
From: Tom Frederick  Read Replies (1) of 20681
 
Kim, thanks for your clarification of the issue. One question I have regarding the extended drilling about to begin, how much of a reserve in tons, will the 28 plus 40 holes represent? In other words, within the drill area, down to 300 feet, how much tonnage will that drilling outline and begin to draw a picture of?

As I understand from others who have been to the property, the area for which Naxos has the rights for exploration is very very large. The tight grid area which is the focus for now is quite large by itself. So when Naxos refers to tonnage between 1 and 3 billion tons, how much land area does that represent? Is that in the tight grid, or all the area that Naxos has rights to? And to what depth?

Thanks in advance.

Regards,

Tom F.
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