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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: mark silvers who wrote (12245)4/24/1998 10:32:00 AM
From: W.F. Schwertley  Read Replies (2) of 20681
 
Mark,

Looks to me like the gold numbers are dropping compared to previous press releases. Below are listed previous released numbers first and today's numbers last. Looks about like a 20% drop in gold assay results. As time goes on these numbers look more and more like IPM, MXAM, and other DDs. I hate to think about their share price.

4 0'-10' ASE assay method 0.171
4 10'-20' ASE assay method 0.190
4 20'-30' ASE assay method 0.178
4 25'-50' 0.134-0.222
4 30'-40' ASE assay method 0.176
4 40'-50' ASE assay method 0.180
4 50'-60' ASE assay method 0.182
4 60'-70' ASE assay method 0.187
4 70'-80' ASE assay method 0.185
4 80'-90' ASE assay method 0.185
4 90'-100' ASE assay method 0.196
4 100'-110 ASE assay method 0.201
4 110'-120' ASE assay method 0.214
4 120'-130' ASE assay method 0.216
4 130'-140' ASE assay method 0.210
4 150'-175' 0.120-0.181

Depth Gold oz/t Platinum oz/t
-------------------------------------------
0' - 25' 0.029 0.029
25' - 50' 0.178 Not Assayed
75' - 100' 0.035 0.085
100' - 125' 0.021 0.047
125' - 150' 0.026 0.038
150' - 175' 0.181 Not Assayed
175' - 200' 0.062 0.015
200' - 225' 0.022 0.015
225' - 250' 0.031 0.028
250' - 275' 0.043 0.022
275' - 300' 0.056 0.025
300' - 310' 0.025 0.025
-------------------------------------------
Average 0.0675 0.0329
-------------------------------------------
Gold Equivalent 0.0675 0.0449
-------------------------------------------
Total 0.1124
--------------------------
*T
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