From MXR's annual announcement....
----------------------
Broad spaced drill traverses along the
entire Wondinong palaeochannel were
less encouraging as U3O8 values were
generally low and aircore drilling was
difficult due to the presence of silcrete
layers in the calcrete. However, a strong
radiometrically anomalous area some 7 x 7
kilometres in size straddles the tenement
boundary of E58/294. Aura Energy Limited
who hold approximately two thirds of this
radoimetric anomaly is working towards
defining a uranium resource in their sector
by late 2007. The sector of the anomaly
located within E58/294 still remains to be
drill tested.
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