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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Jerry in Omaha who wrote (15951)9/1/1998 1:30:00 PM
From: Chuca Marsh  Read Replies (2) of 20681
 
I believe that Brian Russell is the South African with much prior Mintek and Dept of Mines (in S.A.) administrative experience who was basically arranged by an investor group who was in fame for the Organized Desert Dirts Tours of 1997. This was set up by Barry Downs of Legg Mason Wood Walker and co-arranged with dale Runyon to analize his dirt ( so if I am correct there is PR a few months back at maxamgold.com)( I searched and see no reference to Maxam - maybe if a Maxam Reader does remember seeing it also THERE, they may post such fact to me, weird, thought it was!) and Global Platinum by the head there, Dick Jensen ( see site PR at gpgi.com * see insert below for text found at CURRENT PR ) Thus, is there reason to hope ( dare I say DREAM after all the anti-hype over at the other threads with dismal voices of caution/reason/apprehension ) and wish for TIME to pass to unlock...NEWTECH MINING. I hope we are correct in what we see. SFA is only a guide. Are the metals there, if you say know after re reading; do that secondary thing that Tom said. If it is there, invest in a portifilio of desert dirts, at this stage ...the race is just starting. The question is- "Are YOU in the race??? ?"
Chucarace-re-inventthewheelbearing.(they are not round anymore but tubes that roll when last I looked, maybe some day they will be a different shape- imagine that a round steely bearing was actually changed even tho it worked fine? ) See the collallary??? ?
* insert:
31 March 1998

The following will appear in the wire services today.

"BONANZA" IS WHAT SOUTH AFRICAN

MINING EXPERT CALLS HASSAYAMPA ORE PILE.

Mr. Richard Jensen, CEO of Global Platinum + Gold, Inc. (OTC:BB, GPGI) announced today that
in a chain of custody test conducted by Mr. Brian Russell, a world-renowned South African
metallurgist, 0.704 ounces / ton of PGM's Gold and Silver was the value obtained in the test of the
Hassayampa ore. The Hassayampa has an estimated 500,000 tons of ore on the surface.

On February 5th Mr. Russell took a chain of custody sample of the Hassayampa ore, performed the
preparation, and under his direction and supervision, ordered Mr. Greg Iseman in Mr. Iseman's
laboratory to perform the analysis. (It should be noted that the analysis performed used standard
methods and did not utilize the proprietary catalytic methodology developed by Global Platinum and
Mr. Russell Twiford.)

In summary, the results were as follows on oz / ton calculated to the head ore.

Head ore in grams / ton
Gold...........1.82
Silver.........11.01
Platinum....5.69
Palladium..2.40
Rhodium...3.22

Total gold and PGM's
Grams / ton.......13.13
Ounces / ton.....0.383

Total PGM's, Gold and Silver
Grams / ton.......24.14
Ounces / ton.....0.704

Mr. Russell comments that "the Hassayampa dump represents a very valuable ore body"

In his written report Mr. Russell further states, "At 13.13g (0.38 oz.) per ton of gold and PGM's the
Hassayampa is a bonanza. South African mines are extracting 0.25 ounces per ton of gold from hard
rock at three to four kilometers below surface and still making a profit. The platinum mines operate
very profitably at 6g (0.175ozs)/ton PGM's"

Brian Russell has a degree in geology and chemistry and has been active in the South African mining
industry for forty seven-years. In that time Mr. Russell has been employed by Goldfields, of South
Africa as the official in charge of consulting to other mining houses. Mr. Russell was director of the
South African Minerals Bureau for a period of twelve-years. Mr. Russell has spent nineteen-years
with the Council for Mineral Technology, MINTEK, directing analytical research. In his final years at
MINTEK Mr. Russell directed the development of metallurgical process technologies. At MINTEK
Mr. Russell published numerous scientific papers and he has supervised many candidates for
doctorate degrees

CONTACT: Dennis DeNoble.......
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