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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: ShoppinTheNet who wrote (12524)5/1/1998 4:22:00 PM
From: Tim Hall  Read Replies (1) of 20681
 
<<If the recovery process is standard, and simple, then we should be seeing proof of this process very soon. Lets say two months tops. Please, any mining professionals correct this guess, I pulled it out of my hat for sake of discussion. >>

Since I have a document from the State of New Mexico that states I am a Professional Mining Engineer, I will take a crack at this.

The recovery process will depend on the mineralization. Is the gold free gold, bound in pyrite, bound in hemitite or magnetite, petzite, bound in quartz, contained in some other compound or a combination of the above? I have not heard of any attempt by the company to understand the mineralization, except for the Johnson work. Any of the above will respond to a standard fire assay. Each of the above generally requires a differnt recovery process. Not all of these processes are cheap or simple. Some are and some aren't.

Until the company can determine the mineralization involved, they won't be able to project recovery costs.

IMHO

Tim Hall
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