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

To: Henry Volquardsen who wrote (7628)	12/23/1997 1:48:00 PM
From: W.F. Schwertley	Read Replies (2) \| Respond to of 20681

To Kim W. Brasington, I too just read Ron Struthers and would like your input on the following taken from his article. "The samples are also down deep 130, 230 and 330 feet and I doubt if this will ever be mined. The water table at the playa is just 10 or 15 feet down because the Amargosa River Valley is an underground river. A hard rock mine can be pumped of water but an open pit in clay and sand is a mud hole. Any mining at the site will have to be on the surface to perhaps 50 feet down with dredging. Mining below this depth will be difficult and very costly if it is possible at all. The property is prone to occasional flooding which could be added risk to a mining operation. We should only be interested in the top 50 feet." Thanks in advance, WFS