Due to a dearth of hard hitting commentary on MXR, and also due to numerous requests from shareholders, the team at watso corporate has recommenced coverage of MXR.
The company has made no announcements about the progress of drilling at doleraine. Given the companies timetable, then it is likely that the drilling has been completed at Doleraine, and is now continuing to eureka. I drilling at doleraine (the company was going to drill 3 or 4 holes), had intersected the reef system, then this could have been market sensitive news, and a report to the exchange would have been warranted. indeed, when the company started its first drill program at BIH, and when the reef system was intersected, then a report was issued to the exchange (dec 9 2005).
The company has mentioned that they
watso has previously posted the following image, and watso tends to think that there is little chance of a continuation of the reef system. The bottom image, depicts that stopes at 1931, which indicate the possibilty of extensions. The upper image, must be an update, after more mining and putting in a few more drives and shafts, and it is obvious that the reefs did not extend much further
Add to My Watchlist
What is My Watchlist?