This is an exerpt from their 24th November 2010 announcement regarding the upcoming drill programme.They intend to drill in the vicinity of this high sulphide target. This may explain the price rise.
"East Bridge Zone High-Sulphide Target Magma plans to commence drilling in a second high-sulphide target area in the eastern part of the Bridge Zone, about 200m southwest of the West Beaver Lake High-Sulphide Target in the next few weeks. This drilling will target the area around three previous massive sulphide intersections, including a 2.6m intercept in hole BL10-197, which is the thickest and highest grade massive sulphide intersected to date at the project: 2.6m @ 52.77g/t Pt, 41.54g/t Pd, 3.87g/t Au, 61.0g/t Ag, 11.60% Cu & 3.29% Ni from 187.4m (see Magma announcement dated February 15, 2010)."
MMW Price at posting:
58.0¢ Sentiment: LT Buy Disclosure: Held
