Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: scorpion who wrote (11244)	3/29/1998 12:31:00 PM
From: Chuca Marsh	Read Replies (1) \| Respond to of 20681

Ron Struthers has this on his website for all to see: nu-apex.com I am NOT recing anything but this USA TODAY News Article from June 1997 that I put up a hotlink for it last summer ...and Ron Struthers Advisory News Letter which is the best general Rundown and a MUST look / sub NL...see:* below Ron's Address: > Nevada's new gold rush >MULE CANYON MINE, Nevada - Bulldozers have pushed aside sagebrush. Giant mechanical scrapers have cleared away top soil. Explosives stuffed into 120 holes, each 35-feet deep, are ready to blast sedimentary debris that contains the geologic secret fueling the largest gold rush in U.S. history, under way in northern Nevada. > >"Invisible gold" is what the miners call it. It comes in such tiny specks that it can't be seen with the naked eye or even an average microscope. Old-time prospectors who scoured this beautifully desolate land for a century missed their fortunes because the gold floated away like dust on the water in their gold pans. Ron's Address: >X-Sender: resource@bmts.com >Date: Thu, 26 Mar 1998 22:49:51 >To: chuca marsh <bondee@ma.ultranet.com> >From: Ron Struthers <resource@bmts.com> >Subject: Re: Desert Stocks >I attached here a writeup I did in December, I will also look for something >more recent as well > > RSA SITUATIONS/SPECULATIONS Desert Section Volume 1 # Dec 16/97 > > P.O. Box 335, Owen Sound, Ontario, Canada N4K 5P5 519-372-8855 > > resource@sentex.net Yearly subscription $149 cdn/year $119 US > Web Site "http://www.sentex.net/~resource" > > "" THE NEW SOUTH WESTERN GOLD RUSH > > This report has gotten very long winded. I will most likely report on the >desert section of my newsletter in depth about every other month and just >pass on the significant news and updates along with buy and sell suggestions... "" NEW GUYS must read, JMO: Chucaupinion

To: scorpion who wrote (11244)	3/29/1998 1:30:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

Scorpion, In theory, yes you can go after the free gold using standard processes and then use the J/L process to extract additional metals. This is just my opinion of course but my reasoning is as follows. The Johnson-Lett process is similar other processes, including micro milling, which in many cases are explicitly used on tailings to extract metal after standard low cost extraction methods. So the easy answer to your question is that is how such techniques are already being used elsewhere. The tougher answer is to say that it is impossible to say exactly what combination of processes will work best until a mine feasibility study is conducted. Each deposit is unique and it is tough to say what processes will work best until further study is done. Henry

To: scorpion who wrote (11244)	3/29/1998 7:51:00 PM
From: Jan A. Van Hummel	Respond to of 20681

Cash production costs for currently active mines run between about $250 - $400 per ounce of gold for normal gold levels. I read the $100 per ton for JL method handled raw material to be over and above the normal cash production costs. Your observation has certainly value. However, aside from the above I rather see the mine become (or have the potential to become) operational at processing rates of 10,000 tons a day or thereabouts (an equivalent of abt 1500 ounces of gold (very possible plus silver plus platinum) than try to run a substantially lower volume using the JL method. First, volume will be difficult to attain. Second, can the ideal conditions of a lab be replicated in the field thereby ensuring these high rates? IMO if the JL method is that good and can be easily replicated we certainly would have known already. The fact we have not seen a thing yet means to me that while it is quite possible there were high results, but that these may not have been replicated in subsequent test, or subsequent tests may have yielded lower results. Either way I would derive far greater comfort from accelerated efforts to delineate the field based on the fact that the results to-date point indicate that economical development is viable if the field is large enough. Time will only tell, but time (and money) is also of the essence. JMHO Jan