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

To: Tom Frederick who wrote (17067)	12/2/1998 9:53:00 AM
From: Larry Macklin	Read Replies (1) \| Respond to of 20681

Right on target Tom!

To: Tom Frederick who wrote (17067)	12/3/1998 9:16:00 AM
From: J.E.Currie	Read Replies (1) \| Respond to of 20681

you said>>>> " This move by J/L might just be an indication by both parties that J/L isn't the only game in town any more. And that might be the best news ever. Don't know at this time if this is the best news EVER, but working with another and the fact that there are others (many) working on acceptable fire assays and economic production will bring these problems to a close soon rather than later. Also, its just not those little guys doing R&D newmont.com For all its success, 1996 was a transitional year on the Carlin Trend. Surface deposits of the easier to process oxide ores are being depleted and, increasingly, new production is coming from complex refractory ores that require pretreatment before the gold can be recovered. Newmont's Carlin operation has become as complex as its ores. Sophisticated computer modeling, a robotics laboratory that assays two million ore samples a year and increasing use of stockpiles to segregate ore by grade, sulfur and carbon content are necessary to optimize operations. five million tons were stockpiled for future processing. The refractory ore treatment plant, or Mill No. 6, the largest facility of its type, is pivotal to Newmont's future. To the north of the Post deposit, drilling in the Goldbug area doubled the mineralized material not yet in reserves to 5.7 million tons of mineralization at a grade of 0.288 ounce per ton, and increased the inferred resource base to several times that amount. This inferred resource consists mostly of low-grade refractory material for which economical metallurgical recovery methods are being tested. Subject 23633 jec ps My personal warm regards and wishes to friends and family of Fred A.