count down underway, page-2

to unawares

excellent blog with detailed information on CXO on going projects.

Soil sampling and rock sampling is one of the tools in exploration but nothing can be said with certainty until drilling proves similar results.

For example WCN showed soil sample map in April 2013 with very good expectation of Ni sulphide deposit but actual results were very poor.

Another recent example is AQD- VITM survey/ conductors showed very high potential target for NOVA( SIR) type Nickel sulphide deposit but actual results failed to find any visible sulphides in Fraser range.

Another example- CZN expected a lot but found very little.

List goes on and on

But the fact is CXO left with about $750,000 in kitty. Drilling will cost CXO about a minimum of $300,000. over and above other admin expenses and wages expense of $230,000 a quarter.

This means CR is on the way. They need to raise funds on or before 30 June 2014.