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

To: Tom Frederick who wrote (11021)	3/26/1998 11:14:00 AM
From: Henry Volquardsen	Respond to of 20681

Tom, Lawerence, I suspect you are both on the right track. I have also speculated that the nature the deposit was created over the centuries will lead to variance in concentration at varying depths and zones. It also appears that the nature of the deposit itself is that there is a degree of variability even within fairly close proximity. If you think of the nature of the sedimentation process and that there was probably a great deal of structural variety on the surface as the process took place that seems to make sense. It will be interesting to see how the numbers stack up as the holes are drilled. I suspect we will get a picture that will show a certain variation in grade and point towards areas that will be more profitable to attack first. Henry