For thousands of other reports visit RSC's Mineral Intellingence Map
Magmatic Resources Ltd.
Summary
| Project: | Wellington | |
|---|---|---|
| Deposit: | lady Isle | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-2-2018: Magmatic Resources Ltd. announces an Exploration/Drilling Update report for its lady Isle deposit at the Wellington project. Clarrified exploration drilling report including the previously missed JORC Table 1. Magmatic Resources Limited (ASX: M | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Steven Oxenburgh (Internal) | |
| ABSTRACT: | Magmatic Resources Limited (ASX: MAG) is pleased to provide an update on the Lady Ilse copper-gold target where exciting results were returned from the follow-up RC drilling programme (Figure 2). David Richardson, Magmatic’s managing director said: ‘We are all very excited with these results. These are the first RC holes we have drilled into this area and to produce these intrusion-related gold and copper results on initial RC drilling shows the enormous potential of our Wellington North project. This area is under shallow transported cover and if it was in WA would have been extensively drilled. When you consider that we have shallow cover, the size and open nature of the copper-gold anomaly, the extensive ground position and the fact that we seem to have opened up a new 10km corridor along the Lady Ilse structure we couldn’t be happier. Our technical team have done an outstanding job in targeting, acquiring and then exploring this area and its clear there are exciting opportunities here’. The mineralisation is located under shallow (up to 15m) transported cover and has gold values associated with the upper saprolite (Figure 3). The saprolite gold anomaly at 0.1 g/t Au is over 600m long and 200m wide and is open to the east, north and south. This moderate dispersion anomaly helped identify the initial mineralisation. The geochemical anomaly is not closed off and further step-out aircore drilling is planned to determine anomaly extents. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report