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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: RRG who wrote (12251)	4/24/1998 10:51:00 AM
From: mark silvers	Read Replies (2) of 20681

To All, One thing to remember is that both holes 4 and 1 are outside of the tight grid area, while hole #5 (the higher numbers) is inside that area. For those that dont remember, the tight grid area is the areas thought to contain the richest ore. the tight grid was mapped out by (I believe) Dr. Clyde Davis. The tight grid area is believed to have 2.2 tons of ore down to 40 ft. That equates to 27.5 tons down to 500 ft. One interesting note, I was reading an old report by Dr. Davis and the reprt stated that according to USGS sedimentation at FL is believed to ru to a depth of 6,000ft. Mark

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