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

To: Tom Frederick who wrote (19206)	5/21/1999 4:37:00 PM
From: Chuca Marsh	Read Replies (1) \| Respond to of 20681

Note the recent change in Chemicals at Maxam Gold. I knew that BEFORE that the process envolved BROMINE as a Leach Agent....I heared of TSP being used also. I also heard that Resins were in lines and in conjunction to the process at GPGI and at Maxam Gold in the PAST. So, with my read of the Great Lakes Water Filtration section, I said ...VOILA...resins in the water part of the company. It is my experience that Mintek was the leader of Resin Recovery in SA in the recent past. Good luck...here is the Maxam news a month ago: <<..PRESS RELEASE May 6, 1999 -------------------------------------------------------------------------------- Maxam Gold Corporation Finds Leach Process Improvement OTCBB SYMBOL: MXAM East Peoria, Illinois…..May 6, 1999 Maxam Gold Corporation announced today discovery of an innovative modification to the Maxam proprietary leach system. Maxam has been researching use of an ingredient to replace certain of the chemicals required in its leaching process to reduce chemical and chemical processing costs. The innovative modification to the Maxam leach system may reduce costs of metals recovery significantly in all three of the process phases. Gold, silver, platinum group metals (pgm's), and some non-precious metals Non-precious metals, and some rare-earth minerals Rare-earth minerals and some non-precious metals The reduction of certain chemical usage may result in lower level permit requirements under air quality standard regulations, which should reduce both permitting time and costs as production is increased from start-up to the 10,000 Tons per day level. This potential break-through may allow for greater economic recovery of non-precious metals, perhaps to the extent that at current metals prices, could exceed that of silver, gold and PGM's. Safe Harbor Statement Some statements contained in this and/or other Company correspondence are to be considered "Forward-Looking Statements" as defined under the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "estimate", and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks, uncertainties, and assumptions, including: including: the likelihood that the Company will continue to incur losses from operations and investments pending development of its mining properties; the uncertainty that the Company will be able to continue as a "going" concern; significant additional capital requirements and, the effects of economic factors, geological factors, operations factors, governmental regulations on exploration or mining operations. The company does not undertake to update any of the forward-looking statements that it may make from time to time. Further, there can be no assurance that any forward-looking statements will ultimately prove to be accurate. news \| properties \| updates \| investor info \| contact \| email ..>> Chucka