MXR maximus resources limited

Announced planned drill programes: MXR ASX June 3, 2014 Drilling...

  1. 1,630 Posts.
    Announced planned drill programes:
    MXR ASX June 3, 2014
    Drilling to commence on Maximus’ Narndee poly-metallic project in WA
    • Drilling program approval received from DMP in Western Australia
    • Two programs planned targeting extension to previous high grade poly-metallic results
    and drill testing of priority gold target
    Drilling to commence in June 2014

    MXR ASX May 16, 2014
    . . Alliance has identified 6 target zones
    and a number of drill targets.
    Alliance intends undertaking a drill programme within the next quarter . . .

    MOX ASX May 16, 2014
    ...The success of the exploration has
    resulted in the identification of a high-priority target.
    ....
    Alliance has commenced planning for a drill hole to test the Oliffes Dam Target.....
    (
    a line from Prominent Hill to Roxby goes through Oliffes)

    + Cash & Receiveables:
    From latest quarterly:
    cash 31.3.14. $834k
    est. spend. - $462k
    est. cash 30.6.14. $0.372m
    Alliance on signing $0.108m
    TZN Second stage $1.000m on approval of PEPR (pending)
    TZN Third stage $1.000m commencement of bullion prodn.
    Total cash and rec. $2.480m

    + Equities:
    25m TZN (escrowed 12 months - 11/14) (last sp 4.1c)
    44.6m TYK (last sp 3c)



    - tax loss selling
 
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