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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: mark silvers who wrote (16382)	9/29/1998 12:17:00 PM
From: jlallen	of 20681

Regarding Venezuela, I understand it has been shut down and is not in operation. I understand it did not break even. Regarding the tests, I understand that Norton changed the assay procedure and that all the labs used the modified procedure. Regarding Ledoux, I find it very odd that the Company has not forced a showdown on the issue of the accuracy of the testing. Anyone with information to the contrary, please feel free to correct my errors. Sorry, you made me be a negative and redundant chap. I was trying to avoid it. JLA PS I will not beleive that Ledoux will stand behind any of its results until I see that confirmed in writing from Ledoux.

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