RE:QuestionGood question. While I don't have an authoritative answer on that, this map
https://www.merrexgold.com/i/pdf/April%2025%202016%20Figure%202.pdf appears to indicate they don't really have a target depth as such and they aren't just poking down to see how deep they can find mineralization. According to the NR, they are specifically targeting several high grade blocks to see how deep and wide they are. They have done 3D modeling but these holes are like a scissor hole to the previous holes and this program will give them a much clearer picture as to the size and shape of those blocks.
The significance of that to me is that it tells me they aren't drilling DD to add ounces, they are already thinking about extraction and where will be the best place to start digging down to the biggest and richest blocks. If I am right about that, it's good news for us because it says the end of the JV is near as extraction is not in MXI's future, MXI is strictly a "find a deposit and sell it to a miner" company.
Just my opinion, I stand to be corrected on it.