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

To: Kim W. Brasington who wrote (11726)	4/13/1998 11:05:00 AM
From: Tom Frederick	Read Replies (3) \| Respond to of 20681

Kim, Somewhat hidden in your comment it seems also that a grade of .07 or higher CAN be profitable with current standard methods. So, in other words, with a .2 or higher grade at FL we are well above the necessary grade to be profitable assuming some variation of standard methods of recovery, still to be determined. If you can confirm my understanding of our current situation, what I see taking shape is the following. Drilling is set to start on or about April 20. Labs are being prepared by Mr Norton himself to receive, prepare and test this material on an ongoing basis. The typical time from drilling, to preparation, to assay is likely a few weeks. Therefor, knowing there are still 3 full holes left to finish up with the BD material, we should begin to see a steady flow of assay results beginning in the next few weeks and ending with the completion of the expanded drill program. At that point, there will be a nice clean block cut out of the FL playa outlined and documented with the most standard, most industry accepted methods of testing available. This will represent for the first time ever a market accepted sampling on a large scale of what FL holds. Sounds like May and June will be exciting months! I don't want to make too many assumptions but, is this on track? Regards, Tom F.