MAG

0.00%

6.0¢ magmatic resources limited

I looked at these over the weekend too.After digesting the drill...

First 36 Last

Share
Profile

Follow
Buncher60

890 Posts.

134

21/09/20

12:01

Post #: 47500393
Share

Originally posted by Green Bull: ↑

A bit more on the projects going into the new Australian Gold and Copper Ltd IPO (AGC) per below.

Had a bit of a look over the weekend on the Moorefield project and here are some of the extracts:

- acquired from Gold Fields as part of the 4 project package and IPO'd into MAG in 2017

- under-explored with only shallow cover

- contains the 15km Boxdale - Carlisle Reefs orogenic gold; defined by surface geochemical anomalism and significant existing drill results, including:

- 36m at 1.21g/t Au from 81m (Carlisle Reefs)
- 30m at 1.60 g/t Au from 80m (Carlisle Reefs)
- 19m @ 1.28g/t Au from 114m (Boxdale)
- 15m @ 1.00g/t Au from 85m (Boxdale)

- Carlisle Reefs is at one end of the 15km gold trend and Boxdale at the other

- both Carlisle Reefs and Boxdale are historic goldfields

- only 1 drill campaign (5 holes) ever drilled at Boxdale (by Gold Fields)

- only 2 drill campaigns ever drilled at Carlisle Reefs (by MAG - in 2017)

- recent reinterpretations of eastern Australian geology indicate a possible link and similarities between the Moorefield Project area and the Bendigo Zone, host to the Fosterville Gold Deposit in the Victorian Goldfields

I will put up more info as I go through it.

Cheers,

GB.

First ever drill campaign at Carlisle Reefs (drilled by MAG in mid-2017):

View attachment 2497589

Second ever drill campaign at Carlisle Reefs (drilled by MAG in mid-2017):

View attachment 2497595

Moorefield 15km gold trend/location of prospects:

View attachment 2497604

Carlisle Reefs Drill Hole Map:

View attachment 2497607

Carlisle Reefs Cross Section:

View attachment 2497616

Expand

I looked at these over the weekend too.

After digesting the drill results like the ones you've posted, my question to myself was "why didn't they keep drilling there instead of moving on to Lady IIse and Boda North?

MAG Price at posting: 21.5¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

Emerald & Azure score Digger & Dealer awards

TNC

True North increases silver metal at QLD's Vero deposit by 20%

HZR

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

NEU

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Revolutionary inverter technology leads the clean energy charge

Bitcoin: Current State of Play & Where to Next | Swyftx

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

TKM

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

There are more pages in this discussion • 88 more messages in this thread...

First 36 Last

Add MAG (ASX) to my watchlist

(20min delay)
Last 6.0¢		Change 0.000(0.00%)		Mkt cap ! $25.02M

Open	High	Low	Value	Volume
6.0¢	6.2¢	5.9¢	$6.102K	101.5K

Buyers (Bids)

No.	Vol.	Price($)
1	134233	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.1¢	22225	1

View Market Depth

No.	Vol.	Price($)
1	134233	0.060
1	9200	0.058
1	99999	0.052
1	10500	0.051
5	285862	0.050

Price($)	Vol.	No.
0.061	22225	1
0.066	200000	1
0.067	14925	1
0.068	43238	1
0.069	14492	1

Last trade - 15.43pm 09/08/2024 (20 minute delay)

MAG (ASX) Chart

I looked at these over the weekend too.After digesting the drill...

Emerald & Azure score Digger & Dealer awards

True North increases silver metal at QLD's Vero deposit by 20%

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Revolutionary inverter technology leads the clean energy charge

Bitcoin: Current State of Play & Where to Next | Swyftx

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I looked at these over the weekend too.After digesting the drill...

Top Stories

Emerald & Azure score Digger & Dealer awards

True North increases silver metal at QLD's Vero deposit by 20%

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Revolutionary inverter technology leads the clean energy charge

Bitcoin: Current State of Play & Where to Next | Swyftx

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News