MAG Price sensitive 29 May 2026, 8:22 AM

Phase 3 Drill Program commenced at Weebo Gold Project

Magmatic Resources Ltd

Magmatic Resources Commences Phase 3 Drill Program at Weebo Gold Project

Key points

  • Phase 3 drilling of 6,745m underway
  • RC drilling targets bedrock mineralisation
  • AC drilling focuses on extending gold anomalies
  • Assay data expected in 2-3 months

Full summary

Magmatic Resources Ltd has commenced Phase 3 drilling at its Weebo Gold Project in the Eastern Goldfields of Western Australia. The program, totaling 6,745 meters, includes Reverse Circulation (RC) drilling and ongoing Air Core (AC) drilling. The RC drilling targets bedrock mineralisation under supergene anomalies, while the AC drilling focuses on extending gold anomalies and down-dip mineralisation. Key prospects include Ockerburry, Scone Stone, Otto 2, and Sholl's Find. The Managing Director, Mr. David Richardson, expects a steady flow of assay data over the next two to three months.

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