MOX 0.00% 0.2¢ monax mining limited

Ann: Prominent chargeable anomaly identified at Parndana Project, page-4

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  1. 1,630 Posts.
    cheapprice

    Preference personally is only to be involved in the "Racket", rather than the "racket around the Racket", (tips, predictions etc.).

    Despite that the number one rule of exploration has already been broken on several occasions; viz:
    "never ruin a great prospect by drilling":
    it was the Lion Selection Group who in a broker presentation (over a decade ago), presented Havilah (at that stage Havilah was under cash backing) and that their directors were excellent geologists.

    Monax acquired  "Parndana" from Havilah for an equity consideration.

    Lion Selection Group in their 31January 2003 quarterly report noted:
    A 1200 metre shallow drilling program at the Parndana project on Kangaroo Island confirmed a
    sizeable disseminated base metal mineralised system over a strike length of least 400 metres,
    including several ore grade intersections.
    The interest in zinc prices may have influenced Monax directors to now further drill Parndana.

    Each to his own inference.

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