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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: kenneth w. calligar who wrote (14383)	7/17/1998 12:35:00 PM
From: kenneth w. calligar	Read Replies (1) of 20681

All: The following may be of some anecdotal interest. This is an excerpt from a letter dated April 4, 1995. (three years ago) The letterhead is "Ledoux & Company". Some of the words are not completely clear as I have a fax of a fax. P.S. I put this out for your information, Please don't shoot the messenger. "We spent the week of March 13 evaluating analytical procedures for maximizing Naxos material at Death Valley Junction prospect. We analyzed 45 combinations of soil, some treated with the H2/O2 torch, others assayed as is.... We did the fusion at 1600 degrees C....The gold result on this fusion showed 0.242 Oz/ton gold, while the silver showed 0.346 Oz/ton. The lead sulfate was filtered off and ignited, fused and cupelled. The resulting button showed only silver of 0.36 Oz/ton. Thus the total silver would be 0 .706 Oz/ton.... This preliminary experiment confirms that gold is present in the soil in commercial quantities. We have to develop a methodology which is applicable to this material and which can be easily verified by other laboratories...."

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