Cipher Resources Inc DREXF

RE: If dorex finished drilling on...

[oilandcoal]

very true. Check out what I found on DOX's website and last NR
this is from the website ;
A Phase 1 exploration program is recommended to assess the potential of mineralization on the property.  This would be a grass roots program focusing on target generation throughout the entire property.  Geological mapping and prospecting would be the main focus of this program while at the same time a wide spaced soil sampling program and ground magnetics geophysical survey should also be undertaken to further assess the property, which does not have a great deal of outcrop.  This Phase 1 program is estimated to cost approximately $100,000 and should take about two months to complete.

Success in the Phase 1 program would provide the basis for a Phase II program focused on target delineation type work consisting of mechanical trenching, more detailed geophysical surveying and soil geochemical grid sampling that would lead toward generating drill targets for future work programs.

Encouraging results in the Phase I program may also require an increase in the size of the property.

and.... this is from the last news release ;

Peter Walton, president and chief executive officer, states: "We are pleased with the completion of the phase 1 exploratory drilling on the company's Carmelita project. The professionals that worked on the property did an excellent job with meeting deadlines and schedules. We are all looking forward to the quick return of the assay results. The geological team and management are preparing for further exploration on the Carmelita property, and as well are examining other properties in the region. Assay results will be announced as soon they are received by the company."


WHAT DOES THIS MEAN? Obviously like the first time, DOX found good grades on the samples so they went on to prove up more of the area and finally finished drilling some targets. The fact that the "team" is preparing for future explorations means that good results are highly likely and a private placement will be done in the summer to finish more drilling, and finish proving up the property so that one of the big guys can buy them out.

damn im good!