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

To: Henry Volquardsen who wrote (12734)	5/11/1998 10:13:00 AM
From: Hans Smedema	Read Replies (1) \| Respond to of 20681

PR!!!!! Hey guys stop the noncense, here is some info: Date: Mon, 11 May 1998 02:29:16 -0700 Subject: Stockwatch: Naxos Resources Ltd - Company Review To: 100330.3420@compuserve.com X-Mailer: <WinNT's Blat ver 1.5> 3mo interim report Naxos Resources Ltd NXR Shares issued 29,412,014 May 30/96 close $8.35 Mon 11 May 98 Company Review An anonymous director reviews the company During the quarter under review, the company began assaying material from the Behre Dolbear drill program and began its verification work on the Johnson-Lett technology. The company continued to work on its Venezuelan properties and its mill at Km 88 has been in continuous operation through the period with a total shutdown time of 15 days. From the period of Oct. 19 to Dec. 12, 3,704 dry metric tons were processed through the mill with an average head grade of 3.02 grams per ton of gold. Total down time for the period of Oct. 19 to Jan. 31, 1998 was 17 days. During this period, the total feed to the plant was 359 troy ounces of gold with a yield of 305 troy ounces of gold, which equates to an 88 per cent plant recovery level. Since October, the company completed a private placement for 175,999 units at $6.00. Stock options and warrants were exercised resulting in $1,845,000 received by the company. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com Hans