MDX 6.38% 5.0¢ mindax limited

mt forrest jorc of 1 billion tonnes, page-8

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    The next round of drilling kicks off later this month. Of the 17 target areas, the remaining untested (or limited drilling) areas are:
    Budgie, Toucan North, Corella, Mallee, Macaw, Bulga and Cassowary North.

    Toucan North and Corella had some drilling reported in the 29 July report but depths were low so no further drilling was done. From their diagram in the recent announcement, it looks like there is some potential for further DSO in the Corella, Bulga and Mallee areas with the Budgie area an unknown will no mapping completed. At this stage, getting to 10MT DSO would be about all they can hope for. They should get to 2BT magnetite and could meet or exceed their 2.8BT target. From the annual report, further resource updates are expected in January and June of 2011.

    Also, results from the Tocatta gold prospect are pending.
 
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