MOX 0.00% 0.2¢ monax mining limited

As a long term holder I thought I would have a bit of a play and...

  1. 454 Posts.
    As a long term holder I thought I would have a bit of a play and plot up the information from the NT Gold ANNs.

    Initial sampling took place prior to the wet and results seem impressive for rock chip samples and gave rise to a limited placement cap raise to fund drilling. This cap raise gave MOX an initial first pass drilling which took place as soon as possible at the end of the wet, and site access was I believe restricted due to the wet conditions, hence not all sites could be drill tested and those that were, are not completely tested due to conditions and funding restrictions from the small placement.

    For the Great Northern area plotting results give the diagram below where drilling is shown by triangles and rock chips by diamonds (with values reported). As can be seen, there is a lot of strike length untested here with good associated rock chip values.
    Possibly a lot of Au in this system by the looks of it. The drilling results would still be being assessed as to the actuall geological structures and mineralisation controls.

    Great Northern.png
    Shift your attention to the completely drill untested Goodall area and we have this diagram from plotting the rock chip samples. A long untested strike length again with good to excellent rock chip samples indicating the possibility of a lot of gold in this system.

    Goodall 1.png

    This is NOT a detailed geological evaluation, nor is it intended as investment advice.

    All I have done is plot what is in the ANNs onto one image for these two areas to try and understand a bit better what is there.
    Read ALL the ANNs and make your own judgements.
 
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