HomeFinTechMagmatic Resources: Confirms over 950m of visible sulphides in single diamond hole

Magmatic Resources: Confirms over 950m of visible sulphides in single diamond hole

Magmatic Resources (MAG) intersects visible sulphide mineralisation over more than 950 metres at its Myall copper-gold project in NSW
The company says hole 422, drilled to 1170 metres, is its biggest step-out on the Corvette trend to date and indicates the “potentially massive scale” of the mineralised system
The core from this diamond hole is being processed, and assays are expected next month
Additionally, results from two other holes extended the mineralised footprint at Corvette to nearly 350 metres in a north-south trend
MAG shares are trading 4.76 per cent higher at 11 cents at 3:20 pm AEDT

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