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

To: Richard Mazzarella who wrote (12939)	5/17/1998 4:48:00 PM
From: Henry Volquardsen	Respond to of 20681

Richard, I understand the theory of microfine precious metals and the need to break the energy bonds in order to free the metal. This is of course why the process is so expensive. It is however quite clear that the recent results from Franklin Lake have been due to free gold and not microfine gold. We are getting gold from standard fire assay. A conventional drying and grinding process is being used. Since no high cost process is being used to prepare the material, nothing special is being done to break the energy bonds and release microfine gold. Since the microfine theory requires this and it is not being done then this must not be microfine gold. If it is not microfine gold then it it is most likely free gold. As anecdotal evidence in support of this view people have reported that Norton has referred to visible gold. In addition, assay is very similar to extraction. If a low cost prep process is sufficient to generate results from standard fire assay then it is more than reasonable to assume a low cost extraction process. This in my opinion is not speculation but logic. Naxos is pursuing a conventional placer deposit. Microfine theory does not apply. If it did they would not be getting results using a conventional prep for the material. Henry