I hope MTX has found a nice support around these levels or at least it seem to have. Here's an interesting news bit for those who haven't seen it. GLTA.
TORONTO, ONTARIO, Mar 31, 2008 (Marketwire via COMTEX News Network) --
WSR Gold Inc. ("WSR") (TSX VENTURE:WSR) is pleased to announce that a 2,500 meter drill program has commenced on its recently acquired James Bay nickel and copper properties. Through three separate agreements WSR will operate the exploration of 17 Claim Blocks on the northeast corner of the "Ring of Fire" on behalf of its partners, Noront Resources Ltd. (TSX VENTURE:NOT), Metalex Ventures Ltd. (TSX VENTURE:MTX) and MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK). The agreements allow WSR an option to earn a 50% beneficial interest in both the NOT and MTX claims (as per our recent press releases) and WSR has an option to earn a 75% interest in the BMK claims (collectively the "Properties").
Since mobilization on February 25, 2008 WSR has:
1. Mobilized and completed construction of a 20 person exploration camp
with all the required equipment;
2. Mobilized an extensive exploration team;
3. Reviewed flight data and prioritized exploration targets;
4. Cut ground geophysics lines over the targets and a ground geophysics
program is underway;
5. Delineated a drill program; and
6. Mobilized a drill to the Properties.
A 2,500 meter drill program is now underway on the prioritized exploration
targets.
WSR's total land position in the Ring of Fire, James Bay, Ontario is:
Under option to acquire 50% interest: 25,900 hectares
Under option to acquire 75% interest: 11,200 hectares
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Total 37,100 hectares
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