Phase 3 Drill Program Completed at Weebo Gold Project
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| Stock | Magmatic Resources Ltd (MAG.ASX) |
|---|---|
| Release Time | 18 Jun 2026, 8:33 a.m. |
| Price Sensitive | Yes |
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Phase 3 Drill Program Completed at Weebo Gold Project
Key Points
- Phase 3 drilling completed with 6,573m
- 2,112m of RC and 4,461m of AC drilling
- RC targets deeper bedrock at four prospects
- AC drilling advances three prospects
- Assay results expected from July 2026
Full Summary
Magmatic Resources Limited (ASX:MAG) has completed its Phase 3 drill program at the Weebo Gold Project in the Eastern Goldfields of Western Australia. The program totaled 6,573 meters, comprising 2,112 meters of Reverse Circulation (RC) and 4,461 meters of Air Core (AC) drilling. The RC drilling targeted deeper bedrock at four prospects, building on anomalies from previous phases, while the AC drilling aimed to advance three prospects towards RC drill-ready status. All drill samples have been sent to the ALS laboratory, with assay results expected from July 2026.
Outlook
Magmatic Resources anticipates a steady flow of assay results from July 2026, which will provide insights into the potential of the Weebo Gold Project.
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