MOX 0.00% 0.2¢ monax mining limited

punt hill drilling update more kryptonite, page-2

  1. 269 Posts.
    The potential mineralisation on this second system is sitting under a small hill ... that is why they have drilled these first 3 holes around the edges... hence they have hit the flanking alteration system and not the mineralisation itself. They now have enough to plan a new drill hole right into the hill to try to hit the mineralisation at this second system. They will most likely drill hole 6 (Punxsutawney Phil) and then go up to Flickertail and Picketpin as planned... this will give them enough time to re-model the data and plan the drill hole into the hill at the second system... which at this stage they are likely to drill after Flickertail and Picketpin. If they find good stuff at Flickertail and Picketpin, they might do another hole or two while the rig is up there and then come back to do the 'hill-drill' on the second system. IF they do find mineralisation next to this second alteration system (more likely than not), it is most likely to be the same stuff as they found in the first few holes. In a nutshell, it seems as though drill holes 4, 5 and 6 are mainly serving the purpose of defining the margin of a possible zone of mineralisation.
 
watchlist Created with Sketch. Add MOX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.