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Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?

To: Kim W. Brasington who wrote (19727)	9/2/1999 8:15:00 PM
From: jlallen	Read Replies (1) \| Respond to of 20681

The brines? What happened to the tests that were supposed to be going on? Are we to assume a bust? JLA

To: Kim W. Brasington who wrote (19727)	9/2/1999 10:29:00 PM
From: Paul Salber	Read Replies (1) \| Respond to of 20681

Kim, The number of claims (528) seems like fewer than I recall. Could you comment ?? Thanks.. Paul

To: Kim W. Brasington who wrote (19727)	9/3/1999 2:06:00 PM
From: Tom Frederick	Read Replies (2) \| Respond to of 20681

Kim, Thank you very much for the update. We know from this information that Naxos is not taking their eye off the ball on bringing the Lithium, Boron, etc. to a firm conclusion. With permits in process and a drill plan in place, the rest is up to the winds of fate. Let's hope the drill permits move through without hang ups and that the drill equipment is available. To that end, can you tell us anything about drilling for brine? For example, is the equipment fairly standard and easily found or is brine extraction very unique and therefor, the equipment hard to locate? Also, once the hole is drilled, how long will it take to test the brine to determine if Lithium, Boron or any other element exists in concentrations sufficient to justify recovery? Are the testing procedures for brine fairly standardized and repeatable by the nature of brine testing or do we still have some "chemical challenges" as we have had with the clays? Thanks in advance. Tom F.

To: Kim W. Brasington who wrote (19727)	9/7/1999 8:22:00 AM
From: Max Haber	Read Replies (1) \| Respond to of 20681

Kim, when can we expect Naxos to issue a press release covering the information in your post. Business Wire, Bloomberg have not picked up and reported the latest information. Considering the press releases we have seen in the last few months I think news of paid leases and a drill program warrant an official statement from the company, for the record. Personally, I believe your post is accurate but I would like to see the news on Naxos letterhead signed off by an officer of the company. Max