Magmatic Resources Announces Gold Intercepts at Weebo Project
Key points
- Significant gold intercepts at Otto 2 and Ockerburry 3 prospects
- RC drilling confirms bed-rock gold bearing lodes
- AC drilling delineates regional scale gold structures
Full summary
Magmatic Resources Ltd. has announced positive results from its Phase-3 Reverse Circulation (RC) and Air Core (AC) drilling at the Weebo Project. The drilling targeted six prospects within the project area, resulting in significant gold intercepts. Notably, RC drilling at Otto 2 and Ockerburry 3 confirmed the presence of bed-rock gold bearing lodes. AC drilling at West Gold and Wheel of Fortune successfully delineated regional scale gold structures. Further drilling is planned to test the extent and depth of these intercepts. Managing Director, Mr. David Richardson, expressed enthusiasm for the potential of the Weebo Project to yield economic gold mineralisation.
Outlook
The company plans to continue exploration at the Weebo Project to further test and define the gold mineralisation identified.
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