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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Henry Volquardsen who wrote (12971)5/17/1998 11:57:00 PM
From: Tim Hall  Read Replies (1) of 20681
 
<<All the standard fire assay does is show that there is gold in Franklin Lake and it is accessible via conventional methods >>

Henry, with all due respect, the standard fire assay is rarely used on placer or alluvial deposits. It is mainly used on hard rock deposits. For this reason I disagree that gold is accessible via conventional methods. It might be but we won't know until a recovery method is found.

This is not a typical deposit. Someone stated earlier that this might be the only deposit of its kind in the world. Although we have been told that South Africans are looking at the minerology nothing has been published so far. The majors start looking at recovery and minerology when they collect their first samples and when they drill their first hole. As soon as they identify the minerology, the recovery method is straight forward. This is why they don't spend a lot of time on recovery before they define reserves.

Tim Hall
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