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

To: Richard Mazzarella who wrote (12896)	5/15/1998 5:38:00 PM
From: W.F. Schwertley	Read Replies (3) \| Respond to of 20681

I compute .05 oz/ton for the new samples. Marginal at best comes to mind. I see the stock falling. WFS

To: Richard Mazzarella who wrote (12896)	5/15/1998 7:58:00 PM
From: mark silvers	Read Replies (2) \| Respond to of 20681

Richard I think the numbers are marginal, the numbers are roughly the same on avg, as the last time they released numbers on this hole. It isnt new news. I will be very interested in seeing the balance of the holes. The new drill program will be interesting from one perspective.The news will be augered, while the BD were done via reverse circulation. I am under the impression that John Norton thinks we will see better numbers via augering. He seems to think that RC is a detriment for this type of ore. Personally, I am not knowledgable enough to know if that is true. Also, it is interesting to note that at one level we got low single digits and the next in the high 20's. Again i dont know if this is normal, or a function of poor sampling and mixing. Mark