This is the first drilling program to test the targets.
What is needed in the current market is that the fat cats who are pulling fees for drinking coffee need to be pushed out.
CXO raised money and said that they would use it to drill amongst other things.
WELL, CXO did drill, have done other exploration work and in their first drilling program found extremely high grades in places. This drilling caper is not like going to the shop to buy a litre of milk. There is a lot more to it and CXO in the EXPLORATION DRILL HOLES, found SILVER OVER 1,000 g/t in at least one hole.
Clearly there is more drilling required and that should please everyone. Drilling contractors are doing it tough and the economic commentators talk about the mining industry in the past tense.
Companies like CXO are actually doing what they said they would do and are also FINDING SOMETHING.
This should be howled from the rooftops everywhere. A place where there is no reports of previous production IE a greenfields site with spectacular returns.
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