Each one in plain English, with the numbers worked through for a shareholder.
12 Sept 2006drilling spud▲ GoodMajor
Drilling has started at Punt Hill after the rig delay, expected to take 3 to 5 months with each hole 5-8 days. Eleven priority targets are listed, starting with Whistlepig at 250-500m estimated depth. Results to be released as received.
28 Aug 2006drilling scheduled● Neutral
Rig delay at Punt Hill resolved; rig now expected on site Monday 4 September 2006. That is later than the 'last week of August' given four days earlier. Monax's team is on site preparing.
24 Aug 2006drilling scheduled▼ Bad
Punt Hill drilling start slips about a week because the rig is delayed for reasons outside Monax's control. Start now expected in the last week of August 2006, pushing back the second-week-of-August timing.
24 July 2006drilling result▲ GoodMajor
Bonaventura RC drilling confirmed zinc mineralisation over 300m by 250m, with intersections such as 16m at 3.43% zinc in BVRC03. Three southern holes ended in mineralisation. Groundwater stopped holes reaching target depth, so a diamond rig will follow.
13 July 2006drilling scheduled▲ GoodMajor
Monax plans up to $2 million of drilling at Punt Hill: ten holes costing about $1 million, doubling to 20 if results are encouraging. Drilling is expected to start in the second week of August, with 14 priority targets and detailed gravity underway. Targets are expected at 250-400 metres depth.
26 June 2006drilling progress report▲ Good
Bonaventura drilling is five of nine holes in, with visible zinc and lead over 10m in BVRC03 and copper mineralisation in BVRC04 and BVRC05. The Brimpton Lake licence (EL 3561) was granted. Assay results are expected in about two weeks.
16 May 2006drilling scheduled▲ GoodMajor
Monax secured a rig for its first Bonaventura drilling, due to start 30 May 2006: at least eight RC holes to 250 metres, about 2,200 metres total. It follows earlier soil work and Havilah's 5m at 26.9% zinc intersection three years ago.
17 Mar 2006drilling scheduled▲ Good
Soil sampling suggests the Bonaventura zinc-lead zone on Kangaroo Island may extend over 400 metres from the old Grainger Workings, and is still open. Monax is designing a drilling program, expecting shallow cover to make drilling simple.
23 Jan 2006drilling result▲ Good
Monax finished a gravity survey at its Punt Hill tenement in South Australia (over 970 stations), finding anomalies it says may fit iron oxide copper-gold mineralisation, similar to the Carrapateena discovery 30 km north. Potential joint venture partners are reviewing the data.
