Phase 3 Drill Program commenced at Weebo Gold Project
Open PDF
| Stock | Magmatic Resources Ltd (MAG.ASX) |
|---|---|
| Release Time | 29 May 2026, 8:22 a.m. |
| Price Sensitive | Yes |
This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA.
The summaries are generated by large language models so please interpret with care.
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.
Sign in to get more information about the company, including guidance changes and other insights.
Sign In