MOX 0.00% 0.2¢ monax mining limited

Slider, What Havilah Resources stated about Parndana in Feb '03...

  1. 6,376 Posts.
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    Slider,
    What Havilah Resources stated about Parndana in Feb '03 is the following....

    "
    A 1,200 metre shallow percussion drilling programme completed at
    the Parndana project during the quarter was designed to follow up
    strong indications of basemetal and gold mineralisation associated
    with the regional Snelling fault zone. This included widespread soil
    and stream geochemical anomalies and an earlier government drillhole
    intersection of 5 metres of 5.8% zinc and up to 1 ppm gold at the
    Grainger prospect.

    * Havilah's drilling confirmed the previous high grade zinc result,
    with several encouraging intersections at the Grainger prospect,
    including :

    PRC 1 : 2m from 16-18m @ 3.6 % Zn & 9.4 % Pb
    PRC 2 : 4m from 18-22m @ 4.71 % Zn & 0.72% Pb

    * These results lie within in a broader halo of lower grade
    disseminated zinc and lead mineralisation that includes:

    PRC 5 : 30m from 17-47m @ 1.23 % Zn & 0.13 % Pb
    PRC 15 : 14m from 20 - 34m @ 1.27 % Zn & 0.50 % Pb

    Highest gold results of 0.5 ppm were returned in two holes, while
    silver reached a maximum value of 9.4 ppm.

    * The drilling has clearly outlined shallow disseminated basemetal
    mineralisation at the Grainger prospect over a strike length of at
    least 400 metres. There is considerable scope to expand the area of
    mineralisation, which currently remains open both at depth and along
    strike. In particular, field mapping and interpretation of SAEI
    geophysical data indicates that possibly several kilometres of
    prospective strike remains to be explored either side of the Grainger
    prospect.

    * In light of the encouraging drilling results obtained at the
    Grainger prospect, a new exploration licence was applied for over the
    western strike extensions of the major Snelling Fault host structure.
    Further field mapping and geochemical sampling will be carried out
    during the next quarter in order to better define mineralised target
    areas for future drilling."

    They went west, when they should have gone east. There is a good probability that
    Monax are about to hit a major mineralised system, the source of those tasty tidbits from earlier on.
    Hope you have your entitlement form in. I applied for extra.
 
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