Phase 3 Drill Program Commences at Weebo Gold Project
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| Stock | Magmatic Resources Ltd (MAG.ASX) |
|---|---|
| Release Time | 21 May 2026, 8:17 a.m. |
| Price Sensitive | Yes |
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Magmatic Resources Commences Phase 3 Drill Program at Weebo Gold Project
Key Points
- Phase 3 drilling at Weebo Gold Project has commenced
- Total of 6,745m of drilling planned
- RC rig to start before quarter end
- Focus on advancing several exploration prospects
- RC drilling targets include Ockerburry, Scone Stone, Otto 2, and Sholl's Find
Full Summary
Magmatic Resources Limited has announced the commencement of Phase 3 drilling at its Weebo Gold Project in the Eastern Goldfields of Western Australia. The drilling program, totaling 6,745 meters, includes 5,000 meters of Air Core (AC) drilling and 1,745 meters of Reverse Circulation (RC) drilling. The AC drilling will focus on extending gold anomalies and testing down-dip mineralization, while the RC drilling will target bedrock mineralization beneath supergene anomalies. Key targets include Ockerburry, Scone Stone, Otto 2, and Sholl's Find, with the RC drilling aiming to confirm historic drilling results and determine the dip of structures hosting significant intercepts.
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