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

To: Kim W. Brasington who wrote (7987)	1/12/1998 8:51:00 PM
From: Thomas E. Wilber	Respond to of 20681

Wouldn't you know it. I was thinking about buying more shares early this week. Here we go!

To: Kim W. Brasington who wrote (7987)	1/12/1998 8:59:00 PM
From: ShoppinTheNet	Respond to of 20681

Kim as I read your post it seems to me that it is somewhat scrambled. The gold number is stated. Then the not detected referes to Platinum. I have checked this out and found that Platnum was not detected because this was a lead fire assay. This does not detect platinum. This collects gold only. They will be doing copper sulfide tests on the samples in the very near future to determine if Platinum exist.

To: Kim W. Brasington who wrote (7987)	1/12/1998 9:00:00 PM
From: jas singh MD	Respond to of 20681

Good evening Kim, Thanks for posting the Press Release. I guess I'll wait for people with more mining knowledge than myself to help in comparing these results with those that had previously been released. I guess that we should have guessed that something was up that had caused today's surge in volume and price. Sincerely, Jas

To: Kim W. Brasington who wrote (7987)	1/12/1998 9:09:00 PM
From: jas singh MD	Read Replies (1) \| Respond to of 20681

Just out of curiosity, what is the significance of 1/16/98 that JJ has decided to allow insiders to start trading. Are we to expect additional news between now and Thursday? Sincerely, Jas

To: Kim W. Brasington who wrote (7987)	1/12/1998 9:15:00 PM
From: knight	Read Replies (1) \| Respond to of 20681

To all, is it just me or is this release a tad confusing? I'm seeing a certified 1.72 OPT over a composite 25' sample.

To: Kim W. Brasington who wrote (7987)	1/12/1998 9:29:00 PM
From: Max Haber	Read Replies (1) \| Respond to of 20681

Kim, It is my understanding the "not detected" refers to the platinum group metals. As a lead fire assay only show gold. Is that correct? Great gold #s. Wild as a matter of fact. Looks like a formatting error. When will the release show up on the web page? Max Haber

To: Kim W. Brasington who wrote (7987)	1/15/1998 3:51:00 AM
From: sh	Respond to of 20681

Kim, A few questions (and pardon if they've already been asked and answered, it's been a hectic couple of days for me; btw, I was finally able to get back on through another necessary Naxos shareholder virtue -- one of many I possess only on a part-time basis -- persistence). Re the portion #1 result, what is meant by "Johnson fire assay"? Did this require a modified lead fire assay that has been developed by Dr. Johnson, without the need for applying any step in the Johnson/Lett proprietary process that optimally consists of three stages? Re the portion #2 result, why were the second and third steps not used? I assume that since we got gold numbers, even the first step yields gold. Is that only because Ledoux did a lead fire assay? Can gold be recovered through the first step without the lead fire assaying? I'm pretty certain not; but, if so, wouldn't it be more cost efficient to do so without having to go through the other two steps? Again, are the last two steps necessary to recover the gold (without utilizing a lead fire assay)? Are the last two steps so complicated that Ledoux's main Naxos project expert was unable to complete them without problems at this point? Or, is it a combination of the above, or is it Naxos' desire to show that the resulting material even after only the first step renders itself to some modified lead fire assay, or is there some other explanation that escapes my lay mind? (I apologize for my redundancy.) Re the portion #3 result, where does the testing problem lie, in the second step. . .? What happened to the third step? Why was Ledoux unable to (or simply did not) complete the three step process? I know Naxos wanted to show that you end up with refined material that can recover gold through lead fire assaying (btw, the last uncertified results, as far as I recall, emphasized that the lead fire assays done were standard, these appear to be modified, is that accurate?). I may be confused here, but I assume the Johnson/Lett process' importance is in the fact that it can economically recover gold without the lead fire assaying (standard or modified). Is that accurate? Did Ledoux, in its analysis of the Johnson/Lett process, attempt to recover gold through the three step process without resorting to any lead fire assaying? I won't ask for the results of any such test(s) since that should be left to a news release (for all I know, that may be one of the main reasons for the statement that the process is under continued "nvestigation"). Finally, it was my understanding that the Johnson/Lett process can recover gold and other precious metals (namely, platinum) at the same time through the three step process. Since all the reported results were the ultimate product of lead fire assaying, I can understand why PM's like platinum could not be detected. However, please clarify if that is indeed the case, that is, that at least through the three step process you yield gold and platinum (among other PM's), if any. I apologize for the long, probably redundant post. I try not to disturb you with my nagging questions but I would appreciate the clarifications if at all possible. Thanks in advance, sh P.S. Actually, one more question. How long does it take to complete a test sample through the three stage Johnson/Lett process (attrition, reduction, etc.), and I'm assuming there is no need for fire assaying (however, even if you need to do a fire assay, I understand that only adds another day and a half)?