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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: BobS who wrote (12606)	5/7/1998 1:40:00 PM
From: Kim W. Brasington	Read Replies (1) of 20681

Bob: Sid Kemp is the acting CEO. John Norton is the mining/technical head of Naxos. Naxos is using SFA. This is a leap forward in quantifying what is at Franklin Lake. The second step is to drill the property so that material is available for assaying. We are now in the midst of an aggressive drill program that is set to outline a resource on part of the playa. Risk and perception levels vary from entity to entity. Under new management Naxos is pursuing a very conservative and understood process of delineating the what and how much at Franklin Lake. Regards, Kim W.

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