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

To: Richard Mazzarella who wrote (14312)	7/16/1998 12:07:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

Lets be careful about invoking IPM history.

To: Richard Mazzarella who wrote (14312)	7/16/1998 1:53:00 PM
From: GlobalMarine	Read Replies (1) \| Respond to of 20681

Richard: The one-year anniversary of the 1997 PP shares is about now. Did you notice that the highest gold grades from the RC hole series seem to be at the south end of the playa, where Eagle Mountain is? Why didn't management concentrate its auger drilling there? In hard rock mining, you first drill recon holes, and any promising areas get follow-up drilling. I get the impression management is continuing to poke holes all over the place without regard to potential higher-grade areas. I will raise this point at the AGM. Rand