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: Tom Frederick who wrote (11558)	4/8/1998 12:03:00 AM
From: Kim W. Brasington	Read Replies (3) \| Respond to of 20681

Tom: The infill drilling (40 holes) will be to a depth of 100 feet and will be used to obtain a resource (inferred) of approximately 38 million tons of material. To get the inferred resource of gold you would multiply the average grade of Au by the 38 million tons. If the drill results in the infill drilling show similarities between holes at the same depths, then the inferred resources could be racheted up to indicated resources. The earlier 28 hole program will be drilled at different points on the playa to give an expanded view of the playa's precious metals composition. According to the Davis geological report on Franklin Lake on page 11, there are 182,797,200 tons of material on the playa down to 40 feet. Multiplying it by a factor of 10 would bring an estimated 1.8 billion tons of material down to 400 feet. This does not include the area surrounding the playa and tracking northwards on either side of the Amargosa river which are large multiples of the size of the playa. Regards, Kim W.