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

To: mark silvers who wrote (11950)	4/17/1998 1:14:00 PM
From: ShoppinTheNet	Respond to of 20681

Ya Mark but its worth it the food is soooo goood right?

To: mark silvers who wrote (11950)	4/17/1998 1:16:00 PM
From: Jan A. Van Hummel	Read Replies (3) \| Respond to of 20681

To All Can someone explain to me why we, i.e. Naxos, can't get the same wide coverage as the following discovery? There is not much material difference in the results. Gold Discovery In Greece TORONTO, April 17 /CNW-PRN/ - Inmet Mining Corporation, which holds an effective 22.2% ownership interest in Thracean Gold Mining S.A. (Thracean) is pleased to report on results from a new gold discovery at the Perama Hill prospect in northern Greece, fifteen kilometres north-west of Alexandropoulis. The discovery is located on licenses wholly owned by Thracean. A total of 5,265 metres of drilling has been completed in 54 core and RC drillholes on a widely spaced grid, defining a zone of continuous gold mineralization over an area of 700 m by 100 m - 300 m. Holes drilled in the centre of the zone have been mineralized over essentially their entire length, with the deepest hole drilled to 262 metres. Oxide mineralization extends to depths of 70 m - 80 m, diminishing towards the lateral limits. Oxide intercepts average 37.6 m at 4.0 g/t, and include, from surface, 48 m at 11.2 g/t, 31 m at 11.6 g/t, and 38 m at 7.5 g/t. Infill drilling continues on a 50 m x 50 m grid to establish a resource estimate by mid-year. Metallurgical testwork on the oxide mineralization indicates recoveries of more than 90 percent by conventional methods. Preliminary environmental and engineering studies are proceeding. Grass roots exploration by Thracean of neighbouring targets, including Perama Hill South, Perama South and Dasaki, has provided further encouragement. Thracean Gold Mining S.A. is a Greek mining company which is effectively owned 33.3% by Silver and Barytes of Greece, 26.7% by Normandy Mining Limited of Australia, 22.2% by Inmet Mining Corporation of Canada and 17.8% by BRGM of France. Normandy Mining Limited and BRGM hold their interests through LaSource SAS, which also acts as manager for the project. Assay results have been validated by a quality control program implemented by the project manager. Inmet has also independently confirmed the results with its own sampling and assaying program. NOTE TO EDITORS: Attachments of the Location Map and Drill Hole Plan are available on request./ SOURCE Inmet Mining Corporation CO: Inmet Mining Corporation ST: Ontario IN: MNG SU: DSC 04/17/98 10:51 EDT prnewswire.com Do you notice no reference to COC, just validated by a quality control program by the project manager. Jan