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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: jlallen who wrote (12506)	4/30/1998 11:28:00 PM
From: W.F. Schwertley	Read Replies (2) of 20681

To All, Did you all notice that CMRI is no longer employed by Naxos? According to the last press release "...the remaining ore from the Behre Dolbear drill program has been shipped from CMRI to Rocky Mountain Geochemical (RMG) under chain of custody for processing. RMG has, as of the 20th of April, started shipping new samples to our designated assay labs." If you recall, Rocky Mountain Geochemical's (RMG) analyses on drill hole No. 5 were consistently lower than those achieved by Ledoux & Company. The lower results were attributed to slight differences in processing the ore such as differing detection methodologies and flux and sample preparation. Do you suppose the low numbers in the last press release had anything to do CMRI's hasty departure? And does this mean that RMG is no longer a designated assay lab? A while ago on one of the DD threads someone commented on the one and only producing platinum mine in this country. Would anyone happen to know how many oz/ton of PGMs they were recovering? Thanks, WFS

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