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

To: Richard Mazzarella who wrote (14321)	7/16/1998 4:57:00 PM
From: Al C	Read Replies (2) \| Respond to of 20681

TO ALL: NONCONVENTIONAL ORE 101: The "one in 20" rule of thumb, Dr. Johnson says, is that one in 20 times, or one in 10 times, or essentially on a random basis, a really big assay will result, followed by a series of meager ones, in these nonconventional ores (e.g., desert dirts, refractory ores, or whatever you call them). A newcomer without any experience in these ores (e.g., Norton) might blame this on a "nugget effect." But: this occasional "hit" happens even in a series of repetitive assays from the same well-mixed sample. Another example might be the trench that Norton dug at the property in January. His first lead fire assays of the 12-15' trench walls were multiple oz. of gold per ton. He had the results repeated in South Africa. The results of that study were buried, as is so normally true of all disappointing news with this company. The gossip mill, though, is that the results were not inspiring or confirming. You'd think he'd have learned from this experience that this is nonconventional ore, rather than continuing to badmouth the nonconventional approaches. In any case, it's another example of the 1-in-20 rule, which characterizes conventional assay work with these ores; assuming that the gossip mill is right, and his first phenomenal conventional assays of the trench wall were not confirmed. More educational material to follow. Al C.