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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: jlallen who wrote (12900)	5/15/1998 6:01:00 PM
From: Henry Volquardsen	Read Replies (1) of 20681

John, Previously we discussed the possibility that the playa was not homogenous and there would be zones or layers that would be more appropriate for mining. There was a wide section of .018s that probably would be marginal but that leaves other areas that have higher grades. Also at some stage, after we have addressed the gold reserves we still will need to investigate platinum. On balance however I believe these numbers are not a big change from the previous hole 1 info. I don't think this will change market perception much one way or another. Just an opinion. Henry

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