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

To: sh who wrote (10050)	3/14/1998 1:57:00 AM
From: Timmy O'Toole	Read Replies (2) \| Respond to of 20681

Nothing has changed with Naxos. All they ever do is report great assays and successful recovery mechanisms. What they never do is provide any independent feasability data by reputable firms like Behre Dolbear. This is why the termination of Behre Dolbear is unexplainable and inexcusable but not surprising.

To: sh who wrote (10050)	3/14/1998 11:44:00 PM
From: Kim W. Brasington	Read Replies (3) \| Respond to of 20681

To All: This last news release is a watershed event in the history of Naxos. For the first time we have consistent lead fire assays from multiple labs. The mining community understands this. We don't know all of the nuances of Franklin Lake, like free gold intermixed with refractory gold, etc. but that will take more drilling and research. These tests were firsts - if the normal mode for the industry holds true, then this is ground floor, and greater familiarity and experience might well yield higher values. Looking at the drill map on the web page, you can see that the drilling plans will pretty well bracket the playa, and give us a great idea of what is there. To add to that, the pilot plant is on schedule (end of April). Kim W.