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


To: Wayland who wrote (10136)3/15/1998 2:02:00 AM
From: Larry Brubaker  Read Replies (4) | Respond to of 20681
 
Wayland: The January 12 PR says that results from Hole #5 at 150-175 feet averaged 1.72 opt and were achieved through lead fire assay.

The March 13 results for the same depth, same hole and lead fire assay were .08 opt. The January results from the same depth of the same hole were 21.5 times greater. If I were a Naxos shareholder, I would want to see an official explanation of the difference, rather than speculate about it.

I also (here come the flames) see a major question in their chain of custody statement. They say the holes were drilled under supervision of Behre Dolbear, who has not been a consultant to Naxos since the beginning of 1998. They also say the samples were RECENTLY (question: does recently mean AFTER the beginning of 1998) turned over to CMRI for chain of custody. This leaves a big question as to whether there was 3rd party COC between the time that Behre Dolbear stopped working for Naxos and the time they turned over the samples to CMRI.