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

To: Ron Struthers who wrote (14847)	7/27/1998 12:00:00 PM
From: soxan	Read Replies (1) \| Respond to of 20681

To All,I just cought up from all the posts over the weekend, some questions. 1 We know John Goth stepping down was not a good thing, how about Saroff was this good for us or bad? 2 I heard nothing about CPM were they there at the meeting if not should they have been if they were there did they comment at all? 3 Did I read right that we maybe looking at other properties? With what money? Is this for raising capital for more research at FL? This would help stockholders would it not? I have to go but will check in later, thanks soxan

To: Ron Struthers who wrote (14847)	7/27/1998 2:03:00 PM
From: Tim Hall	Read Replies (1) \| Respond to of 20681

Ron, Leaching technology was actually quite well developed by 1980. As a student in the late 60's, some of my work-study was helping one of my professors with his research of Uranium Heap Leaching. In 1971 when I started working on my masters, my thesis topic was design of copper heap leach piles. I did not finish my masters but went to work instead. The first gold mine to use heap leaching technology was the Ortiz gold mine near Santa Fe, NM. Goldfields purchased the property in 1973. By 1976, they had completed their exploration. In 1978 they made the decision to proceed with the mine and the first production came in 1980. Tim Hall