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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Ptaskmaster who wrote (34468)	12/10/1998 12:29:00 PM
From: Derrick P.	Respond to of 35569

Naxos Press release: Thursday December 10, 10:40 am Eastern Time Company Press Release Naxos Resources Ltd. - Results Of Bulk Test VANCOUVER--(BUSINESS WIRE)--Dec. 10, 1998--Naxos Resources Ltd (O.T.C. Bulletin Board:NAXOF), the Company has received from Northwest Analytical Inc., the results of a 25lb bulk test performed on chain of custody material from the 1998 Franklin Lake Drill Program. Precious metal extraction from the bulk sample was via halogen leach and special ion exchange resins followed by furnace recovery of noble metals. Substantial gold was recovered. Uncertified pressure dissolution heads indicated 0.26 ounces per ton. Northwest Analytical, Inc. does not certify the accuracy of the pressure dissolution AA finish assay method due to a variety of variables inherent with wet chemical procedures. It is used to measure various aspects of lab scale bulk precious metal recovery. Next week company representatives will be at Northwest to witness recovery on another 25lb test. Northwest will continue bulk tests to improve effectiveness and attain consistent repeatability. As soon as this has been achieved the Company will work with Northwest to run a pilot plant based on their recovery process. The Company has also received very encouraging results from a firm using a process similar to Northwest and that tend to collaborate Northwest's results. This firm has a history of putting mines into operation. These results were not chain of custody and are for internal use only. However, the firm is currently re-configuring the pilot plant at Death Valley Junction with the purpose of testing recovery from bulk samples in February. ON BEHALF OF THE COMPANY NAXOS RESOURCES LTD ''Signed'' Robert S. Gardner President biz.yahoo.com I've been away a long time so don't know where things stand on this. Seems like besides for 'chain of custody' they're pretty much where IPM was a couple of years ago, inconsistent process, etc. Naxos is up about 300% though so someone must be happy. The Naxos thread seems to have died? Derrick