Here we go:
Potential for the hole to be a company-maker if everything goes to plan.
MAG's Myall Project (which includes the Kingswood prospect being drilled) is up the road from the Northparkes district/mines (
5.2Moz Au + 4.4Mt Cu).
MAG's Kingswood target shows:
-dimensions
-alteration
-host rocks
-intrusive setting
-drill results
that are
comparable to the Northparkes E26 Porphyry Mine.
Prior Kingswood drill results:
-70m @ 0.54% Cu, 0.15g/t Au, from 141m + 73m @ 0.24% Cu, 0.11g/t Au, from 260m (both in the same hole)
--> Northparkes Resource Grade is: 0.56% Cu, 0.18g/t Au.
Looking forward to this one - compare the pair (MAG's Kingswood and Northparkes' E26 mine per below).
Plus, straight after drilling Kingswood, they're drilling Boda South and other Wellington North targets.
Cheers,
GB.
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