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Sydney, Oct 17, 2007 (RWE via COMTEX) -- MMTDF | charts | news | PowerRating -- (RWE Australian Business News) Magma Metals (ASX:MMB) reports a thick zone of PGE mineralisation has been intersected in peridotite in the northern part of the Current Lake magnetic anomaly: 28.55m @ 2.69g/t Pt+Pd+Au, 0.31% Cu & 0.25% Ni, including 14.60m @ 4.66g/t Pt+Pd+Au, 0.52% Cu & 0.35% Ni.
A drill-hole at the Beaver Lake bulls-eye magnetic anomaly, 2km to the south-east of Current Lake, intersected a 224m thick zone of peridotite with disseminated sulphides.
Magnetic anomalies potentially reflecting PGE prospective intrusions now interpreted to extend over 5km.
