Monthly Progress Report for the month of February

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					                                        FORM 7

                        MONTHLY PROGRESS REPORT
Name of CNQ Issuer:         RX EXPLORATION INC. (the “Issuer”).

Trading Symbol: RXEX

Number of Outstanding Listed Securities: 32,586,508 common shares

Date: March 5, 2008

This Monthly Progress Report must be posted before the opening of trading on the fifth
trading day of each month. This report is not intended to replace the Issuer’s obligation
to separately report material information forthwith upon the information becoming known
to management or to post the forms required by the CNQ Policies. If material
information became known and was reported during the preceding month to which this
report relates, this report should refer to the material information, the news release date
and the posting date on the CNQ.ca website.

This report is intended to keep investors and the market informed of the Issuer’s
ongoing business and management activities that occurred during the preceding month.
Do not discuss goals or future plans unless they have crystallized to the point that they
are "material information" as defined in the CNQ Policies. The discussion in this report
must be factual, balanced and non-promotional.

General Instructions

(a)    Prepare this Monthly Progress Report using the format set out below. The
       sequence of questions must not be altered nor should questions be omitted or
       left unanswered. The answers to the items must be in narrative form. State
       when the answer to any item is negative or not applicable to the Issuer. The title
       to each item must precede the answer.

(b)    The term “Issuer” includes the Issuer and any of its subsidiaries.

(c)    Terms used and not defined in this form are defined or interpreted in Policy 1 –
       Interpretation and General Provisions.
Report on Business
1.     Provide a general overview and discussion of the development of the Issuer’s
       business and operations over the previous month. Where the Issuer was
       inactive disclose this fact.

       The Issuer is engaged in mineral exploration in northern Ontario and
       Montana. At this time the Issuer does not own or operate any revenue

                         FORM 7 – MONTHLY PROGRESS REPORT
                                        May 08, 2004
                                          Page 1
producing mineral properties and, accordingly, does not have any cash
flow from operations. The Issuer raises funds for exploration and general
overhead and other expenses through the issuance of shares from
treasury.

The Issuer intends to continue raising funds for future exploration and on-
going overhead and other working capital expenses through the continued
issuance of shares from treasury. In general, based on the current
circumstances, management of the Issuer believes that there will be
sufficient interest from participants in the capital markets and other mineral
exploration and mining companies willing to fund exploration programs to
continue to meet the Issuer’s ongoing overhead and exploration expenses.

Montana Mining Claims

The Issuer entered into an agreement with private arm’s length owners to
option from them 100% of their interest in patented mining claims (the
“Hard Rock Claims”) situated in Lewis and Clark County in the State of
Montana consisting of 23 claims comprising approximately 200 – 300 acres
(3 of the claims consist of less than 100% interest). The claims include the
inactive past producing Drumlummon Gold and Silver Mine.

In order to maintain the Drumlummon option in good standing, the Issuer
has paid the sum of US$145,000 to date to the Optionors. The Issuer must
pay a further US$1,090,000 payable US$130,000 into escrow as noted
hereinafter and the balance in four equal annual payments of US$240,000.
The Issuer has determined that, in order to obtain clear and insurable title
to the Drumlummon Claims, it is required to file a quiet title action as to
certain entities and parties, as specified in a title commitment issued to the
Optionors and the Issuer also needs to examine documents to assure
access to the Drumlummon Claims. Pursuant to an agreement with the
Optionors, the US$130,000 payment due to the Optionors was placed in
escrow with First Montana Title Company and shall be released to the
Optionors upon securing a final, non-appealable judicial order quieting title
to the Drumlummon Claims and reasonable assurance, from county
documents of record of right of access to and from the Drumlummon
Claims. The Issuer has retained Montana legal counsel to handle these title
matters and the appropriate legal application is ongoing.

As additional consideration, the Issuer has paid to the Optionors 200,000
common shares in the capital of the Issuer with a one year hold period
expiring May 18, 2008. A two percent (2%) Net Smelter Return (“NSR”)
royalty on the Drumlummon Claims has been reserved to the Optionors.




                 FORM 7 – MONTHLY PROGRESS REPORT
                               May 08, 2004
                                 Page 2
The Issuer has staked a further 68 claims adjacent to the Drumlummon
Claims.

The Issuer commissioned a technical report in accordance with the
standards set out in National Instrument 43-101. The report was prepared
by Timothy J. Beesley, P.Eng., of T.J. Beesley Geological Services Inc., a
“qualified person” within the meaning of National Instrument 43-101. The
report ties together mining and geological data from the last 134 years to
recent drilling carried out for the Issuer and draws conclusions and makes
recommendations to allow the Issuer to proceed with exploration and
development of the Drumlummon Property. The technical report was
published and filed on SEDAR website at www.sedar.com and CNQ website
at www.cnq.ca, and a news release dated September 5, 2007 was
disseminated which contains excerpts of the highlights of the report.

The Issuer expects to begin this week its 20,000 foot underground diamond
drill program at the Drumlummon Mine at Marysville, Montana, one of the
larger former producers of gold and silver in the Western United States.
The Drumlummon is of the “bonanza”- type epithermal deposits which are
very young and low temperature in origin and which can produce high
grades over large widths. Drilling will be conducted from recently
rehabilitated sections of the 400 foot level of the mine. Resource estimates
have been presented by prior operators which are not in compliance with
the current requirements found in National Instrument 43-101. The intent of
this drill program, and follow-up drill programs as required, is to establish
mineral resources on a NI 43-101 compliant basis with respect to the
substantial undeveloped sections within the Drumlummon Mine and
extensions thereof, leading to a preliminary feasibility study.

The Issuer’s website www.rxexploration.com is now operational.

Veekay Lake Mining Claims

On October 25, 2005, the Issuer entered into an option agreement dated
October 21, 2005 with Wabassi River Resources Inc. (“Wabassi”), an arm’s
length company, to acquire an undivided 50% interest in eight (8)
unpatented mining claims (totalling 108 claim units) in the Thunder Bay
Mining Division, in the Province of Ontario (the “Claims”).

In order to maintain the option in good standing, the Issuer paid Wabassi
the sum of $5,500 and is required to incur first year mining expenditures of
not less than $150,000 (of which it has expended $99,500 to date), incur
further mining expenditures of not less than $200,000. Thereafter, the
Issuer may elect to earn its 50% interest by paying Wabassi the sum of
$150,000 and incurring further mining expenditures of not less than

                 FORM 7 – MONTHLY PROGRESS REPORT
                              May 08, 2004
                                Page 3
$1,150,000. In the alternative, the Issuer may elect to convert its interest to
10% of the shares of a new company to be created to explore and develop
the Claims.

The Claims are subject to a royalty interest equal to a two percent (2%) net
smelter return (“NSR”) royalty. The Issuer may, at any time, repurchase a
one percent (1%) NSR for the purchase price of $1,500,000.

The Issuer is prepared to commence exploration on the Veekay Lake
Project. In order to accomplish its business objectives, which are to
acquire, explore and develop prospective natural resource properties, the
Issuer commissioned a program of line-cutting in preparation for an IP
survey on the Veekay Lake Project. The Company has not been able to
meet its requirements under this arrangement as access to the land claims
and Zulapa interest have not yet been granted by the First Nations band
however, the Company will continue to proceed with this exploration once
permission has been granted.        In the meantime, assessment work
requirements have been held in abeyance.

The Issuer commissioned a technical report in accordance with the
standards set out in National Instrument 43-101. The report is published
and filed on SEDAR website at www.sedar.com.

Tudhope-Bryce Townships Mining Claims (Ontario)

The Issuer has entered into an agreement with Gold Bay Exploration Inc.
(“Gold Bay”) to option from them an undivided 50% interest. Gold Bay
holds an option on the properties which consist of 44 mineral claims
containing 110 claim units or 1,760 hectares. Magnetic and Spectral/IP
Resistivity surveys were carried out over a grid consisting of 255 line km in
the Honeymoon Lake and Heather Lake areas of the property in 2006, to
follow up results of previous surface stripping and sampling for gold.
Along the Honeymoon Lake Shear Zone results from the Spectral
IP/Resistivity survey outlined two weak to moderate IP chargeability
anomalies on Line 800E and 600E. The magnetic survey indicated a
younger, non-foliated intrusive which intersected the Honeymoon Lake
Shear Zone. Two diamond drill holes, on Lines 800E and 600E, tested the
IP chargeability anomalies, and a third tested the younger intrusive, for a
total of 567 metres.

Best results from DDH BRY- 1 on 800E were 8.3 g/T gold and 0.235%
copper/0.08m, in a grey quartz vein, followed immediately by a light green
sericite schist with 30% quartz, 5% sulphides and <1% chrome mica
carrying 0.8g/T gold and 0.075% copper/0.45 m. Best results from DDH
BRY-2 on 600E were 4.4 g/T gold and 0.365 % copper/0.25 m, and 20 m

                 FORM 7 – MONTHLY PROGRESS REPORT
                               May 08, 2004
                                 Page 4
     downhole 4.6 g/T gold and 0.093% copper/0.34 m.             Both of these
     intersections occurred in dark altered tuff near the contact with
     agglomerate, and consisted of quartz-sericite schist containing 3-5% pyrite
     and <1% chalcopyrite. No exploration had been carried out west of Line
     700E on the Honeymoon Lake Shear Zone, and these results indicate gold
     mineralization on the structure is open to the west.          The younger
     magnetically indicated intrusive was not intersected.

     The Issuer is in default of the option payment requirements under its
     option agreements. Management of the Issuer is evaluating with its
     technical and financial advisors the results of the drilling programs on the
     Tudhope and Bryce Township properties which were announced in its
     news release dated April 4, 2007 but has yet to determine its future plans.
     As a result management has expensed the deferred costs.

2.   Provide a general overview and discussion of the activities of management.

     During February 2008, management was primarily involved in continuing
     underground work in the Drumlummon Mine and activities related to
     raising short and long term funding for the Issuer as well as obtaining the
     necessary permits from the U.S. Mine Safety and Health Authority (MSHA)
     to continue with its underground program at the Drumlummon Mine, all of
     which have now been issued. Management was also involved in the
     preparation of the Issuer’s website which is now operational. All materials
     have been prepared and mailed in connection with the Issuer’s annual and
     special meeting of shareholders which is being held on March 27, 2008.

3.   Describe and provide details of any new products or services developed or
     offered. For resource companies, provide details of new drilling, exploration or
     production programs and acquisitions of any new properties and attach any
     mineral or oil and gas or other reports required under Ontario securities law.

     The Issuer expects to begin this week its 20,000 foot underground diamond
     drill program from the 400 foot level of the Drumlummon Mine.

4.   Describe and provide details of any products or services that were discontinued.
     For resource companies, provide details of any drilling, exploration or production
     programs that have been amended or abandoned.

     Please refer to item 3 above.

5.   Describe any new business relationships entered into between the Issuer, the
     Issuer’s affiliates or third parties including contracts to supply products or
     services, joint venture agreements and licensing agreements etc. State whether



                       FORM 7 – MONTHLY PROGRESS REPORT
                                      May 08, 2004
                                        Page 5
      the relationship is with a Related Person of the Issuer and provide details of the
      relationship.

      No new business relationships or contracts were entered into in February
      2008 between the Issuer, the Issuer’s affiliates or third parties.

6.    Describe the expiry or termination of any contracts or agreements between the
      Issuer, the Issuer’s affiliates or third parties or cancellation of any financing
      arrangements that have been previously announced.

      During February 2008, no contracts or agreements were cancelled and no
      previously announced financing arrangements were cancelled.

7.    Describe any acquisitions by the Issuer or dispositions of the Issuer’s assets that
      occurred during the preceding month. Provide details of the nature of the assets
      acquired or disposed of and provide details of the consideration paid or payable
      together with a schedule of payments if applicable, and of any valuation. State
      how the consideration was determined and whether the acquisition was from, or
      the disposition was to a Related Person of the Issuer and provide details of the
      relationship.

      No acquisitions by the Issuer or dispositions of the Issuer’s assets
      occurred during February 2008.

8.    Describe the acquisition of new customers or loss of customers.

      This item is not applicable as the Issuer has no customers.

9.    Describe any new developments or effects on intangible products such as brand
      names, circulation lists, copyrights, franchises, licenses, patents, software,
      subscription lists and trade-marks.

      This item is not applicable as the Issuer has no intangible products.

10.   Report on any employee hirings, terminations or lay-offs with details of
      anticipated length of lay-offs.

      The Issuer did not hire, terminate or lay-off any employees in February
      2008 and does not have any employees.

11.   Report on any labour disputes and resolutions of those disputes if applicable.

      The Issue does not have any employees and was not involved in any labour
      disputes in February 2008.


                        FORM 7 – MONTHLY PROGRESS REPORT
                                       May 08, 2004
                                         Page 6
12.   Describe and provide details of legal proceedings to which the Issuer became a
      party, including the name of the court or agency, the date instituted, the principal
      parties to the proceedings, the nature of the claim, the amount claimed, if any, if
      the proceedings are being contested, and the present status of the proceedings.

      The Issuer did not become a party to any legal proceedings in February
      2008.

13.   Provide details of any indebtedness incurred or repaid by the Issuer together with
      the terms of such indebtedness.

      The Issuer did not incur or repay any indebtedness in February 2008.

14.   Provide details of any securities issued and options or warrants granted.

      InFebruary 2008, no securities were issued and no options or warrants
      were granted.


15.   Provide details of any loans to or by Related Persons.

      The Issuer was not a party to any loans to or by any Related Person in
      February 2008.

16.   Provide details of any changes in directors, officers or committee members.

      There were no changes in directors, officers or committee members in
      February 2008.

17.   Discuss any trends which are likely to impact the Issuer including trends in the
      Issuer’s market(s) or political/regulatory trends.

      There are no trends which are likely to impact the Issuer other than those
      trends and risks inherent in the junior mineral exploration business.




                        FORM 7 – MONTHLY PROGRESS REPORT
                                       May 08, 2004
                                         Page 7
Certificate Of Compliance

The undersigned hereby certifies that:

1.    The undersigned is a director and/or senior officer of the Issuer and has been
      duly authorized by a resolution of the board of directors of the Issuer to sign this
      Certificate of Compliance.

2.    As of the date hereof there were is no material information concerning the Issuer
      which has not been publicly disclosed.

3.    The undersigned hereby certifies to CNQ that the Issuer is in compliance with the
      requirements of applicable securities legislation (as such term is defined in
      National Instrument 14-101) and all CNQ Requirements (as defined in CNQ
      Policy 1).

4.    All of the information in this Form 7 Monthly Progress Report is true.

Dated March 5, 2008                           .
                                                         Murray R. Nye
                                                         Name of Director or Senior
                                                         Officer

                                                         (Signed) “Murray R. Nye”
                                                         Signature

                                                         Director and C.E.O.
                                                         Official Capacity

Issuer Details                                    For Month      Date of Report
Name of Issuer                                    End            YY/MM/DD

RX Exploration Inc.                               Feb 29, 2008   08/03/05

Issuer Address
500-220 Bay Street
City/Province/Postal Code                         Issuer Fax No. Issuer Telephone No.
Toronto, Ontario M5J 2W4                          (416)365-1813 (416)862-7330
Contact Name                                      Contact        Contact Telephone No.
                                                  Position
John F. O’Donnell                                 (Counsel)      (416) 862-7330
Contact Email Address                             Web Site Address
johnodonnell@stikeman.to                          N/A



                         FORM 7 – MONTHLY PROGRESS REPORT
                                         May 08, 2004
                                           Page 8

				
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