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

To: jlallen who wrote (12105)	4/21/1998 3:53:00 PM
From: Tom Frederick	Respond to of 20681

Mr. Allen, We all need to keep a realistic schedule in mind as to the time lag from drilling to results. As I understand from IR, the drilling will be batched for preparation (it will not be practical to send each and every hole individually for preparation) maybe a few holes at a time. Then the preparation phase through to the testing and results could be as much as a few weeks. So it is likely that the results from the first NEW holes will be seen maybe in the middle of May or so. HOWEVER, there are still 3 1/2 BD holes left to complete and that may fill the gap for news in the next few weeks. And keep in mind with the wide spacing between the BD holes, the overall average results can be very enlightening and be a reasonable guide as to what to possibly expect from the rest of the new drilling. Regards, Tom F.