RE: Heva property''Aurizon has approved an additional exploration budget for Joanna of $6.3 million for 2008 in order to advance the project to pre-feasibility stage in 2009. As a result, Aurizon intends to invest over $20 million, from working capital, in exploration and development activities at its properties in 2008, of which approximately $10 million will be expensed. In total, over 115,000 metres of drilling should be completed.''
This is excellent news for SPX. From now on, ARZ should drill this area and they have the necessary resources to do so. Very good news and deals are now a possibility.