MAG 8.57% 7.6¢ magmatic resources limited

Ann: Work program approved for Myall JV with Fortescue, page-16

  1. 1,212 Posts.
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    29 May 2024

    - A rig has been secured, site set-up has commenced, and drilling is expected to begin within the coming week....

    - The full program of air core holesis expected to take 1-2 weeks to drill, with the results to be used to target potential RC or diamond follow-up drilling at the prospect....

    - As reported in the March quarterly report (ASX MAG 22 April 2024), a close spaced soil geochemistry program has also recently been completed at the Boda Southwest Prospect (Figures 2 & 3), located within one kilometre of the Boda 4 prospect area flagged by Alkane Resources (ASX ALK 14 December 2023). Approximately 200 samples have been taken as a part of this program, with analyses for gold and other porphyry pathfinder elements currently pending....

    - The Company is also expecting final approvals for RC drilling at the Rose Hill Prospect shortly, where a program of 3-5 RC holes to test the shallow copper-gold potential has been planned....

    28 June 2024

    ....news imminent? Recently selling doesn't instill confidence.
 
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