Monax Mining Limited announced that results had been received for the upper 55m of the first drill hole OTDD01 of the Punt Hill drilling program, South Australia.
Monax Mining Ltd announced a maiden drilling program under a new Chilean-backed joint venture on the Punt Hill project located in South Australian will be initiated as early as April next year.
Monax Mining advised of further detail relating to its recently announced option agreement with Antofagasta, through its wholly-owned subsidiary Antofagasta Minerals. The company also announced that EL 4548 (formerly ELA 44/10) has been granted for a two year period. EL 4548 forms part of the Punt Hill project which is the subject of the aforementioned option agreement.
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