CXO is a small company with tenements at strategic locations adjacent to Olympic Dam in SA and in NT.
In my view, CXO is to commence drilling in the first quarter of 2014 in an area where it conducted VTEM survey and chip sampling.
Most interestingly, it found very high grade of silver content in chip sampling. VTEM survey was very positive.
However, it is yet to be seen whether drilling confirms such a high grade of silver on the ground.
If drilling results confirm chip sampling results then it would be the next sirus (SIR) of 2014 calendar Year.
Keep an eye.
high expectations
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