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

To: KRosenfeld who wrote (12141)	4/22/1998 1:57:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

valid concerns Ken. As I said before I am anxious for the additional holes as well. I have considered the previous material might have been tampered with. I have looked at the press releases, the discussion of market practices and how other people report information. I am reasonably certain the COC has been secure and the various labs have certified that so I am not currently concerned about tampering. But I agree that there will be no getting comfortable with Naxos until we start seeing additional assay data that confirms the results on hole #5. Henry

To: KRosenfeld who wrote (12141)	4/22/1998 2:03:00 PM
From: Neal davidson	Read Replies (2) \| Respond to of 20681

Ken: I just want to point out that we do have part of hole 4, and those assay results were similar enough to the results of hole 5 to make me think that they are reasonably consistent. I agree with your general concern regarding the lack of new assay results. We need more numbers. I agree that we had some serious problems with prior management, but they did not have access to the BD samples; if they had such contact, the results would not have been certified and COC thus far. I therefore do not share your concern on that matter.