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

To: mark silvers who wrote (10258)	3/16/1998 10:48:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 20681

Mark, IMO if the assay was standard fire assay by some specified procedure, the two labs would be reporting similar results. That may be some speculative evidence as to what was or wasn't done.

To: mark silvers who wrote (10258)	3/16/1998 10:55:00 AM
From: Jerry in Omaha	Respond to of 20681

Mr. Silvers; That's what I was trying to get at last week. Market industry professionals are interpreting that press release as offering no deviation from standard industry expectations of assay reports. To be sure, something in that press release struck a nerve both in our thread irritants, who don't want Naxos to succeed, and serious professionals. I think they saw what I thought I saw too; some of this ore was as fresh as baby skin when it assayed, what are to industry standard, outstanding values. Let's call it the Grasso Standard Procedure. <VBG> Jerard P

To: mark silvers who wrote (10258)	3/16/1998 11:05:00 AM
From: Rick Nazaruk	Read Replies (3) \| Respond to of 20681

Mark, I am also under the same impression and have been told this by two other people. This is why I feel this release is excellent. J/L process wasn't involved and it was a basic standard lead fired assay. Rick Nazaruk

To: mark silvers who wrote (10258)	3/16/1998 12:21:00 PM
From: Hans Smedema	Read Replies (1) \| Respond to of 20681

Mark, Yes, something like that. Johnson has several stages as they informed earlier. In each stage more refractory or complex gold is recovered. I know in another PR they state: >>>"The Colorado Mineral Research Institute of Golden, Colorado, has been retained to process the ore using the techniques developed by Dr Johnson. Following processing, a check sample is sent to Dr Johnson. Once Dr Johnson indicates that the check sample has been processed correctly, CMRI sends full samples of the processed ore to Ledoux & Company and another independent qualified lab. The company is negotiating with a third qualified lab. As of this date, Dr Johnson has approved the release of a batch of sample material and it is currently being analyzed by the two labs. All test samples remain under strict chain of custody at all times.<<< But they don't give info on how much of the process is used. Kim gave an answer that the info from JL could be only verbal info also, indicating to me he does not know which stage is used. It has to be a very simple one as the costs for doing several thousand samples must be kept low. Getting lower grades is logical then. All we have to do is wait a few month's, not so bad at all. Just MO of course, but highly logical, Hans