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

To: RRG who wrote (12251)	4/24/1998 10:51:00 AM
From: Steve Skapik	Respond to of 20681

My first impression is similar to Bob's. Would like to see more news with higher numbers but this is material info and there are numbers not zeros. I think there are two scenarios now: 1. There are PM's and it is more or less homogeneous. This implies lots and lots of PM's in tons and tons of material or 2. There are PM's and it is not homogeneous. This implies that there are spots of higher concentrations that will surely be profitable to mine. either way not to bad Steve

To: RRG who wrote (12251)	4/24/1998 10:51:00 AM
From: mark silvers	Read Replies (2) \| Respond to of 20681

To All, One thing to remember is that both holes 4 and 1 are outside of the tight grid area, while hole #5 (the higher numbers) is inside that area. For those that dont remember, the tight grid area is the areas thought to contain the richest ore. the tight grid was mapped out by (I believe) Dr. Clyde Davis. The tight grid area is believed to have 2.2 tons of ore down to 40 ft. That equates to 27.5 tons down to 500 ft. One interesting note, I was reading an old report by Dr. Davis and the reprt stated that according to USGS sedimentation at FL is believed to ru to a depth of 6,000ft. Mark