OTCPK:NOXOF - Post by User
Comment by
duchebaggieon Oct 30, 2012 3:49pm
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Post# 20541117
RE: RE: Update
RE: RE: Update The NR is somewhat vague, hence they say at the beginning:
Pursuant to the option, the parties have planned a three Phase drill program of which Phases 1 and 2 have been completed, and Phase 3 is in planning.
And then at the end of the NR:
A third phase of drilling will be initiated later this month. There is still $9M to be spent in the earn-in option with Aurizon.
So we could guess that since they haven't announced anything yet, drilling is not on-going at the moment.