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
