FinTechFunding

Magmatic 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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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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