MMB 0.00% 65.0¢ magma metals limited

Love that word: "Spectacular" - will the market?JD11th August...

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    Love that word: "Spectacular" - will the market?
    JD

    11th August 2008 ASX Announcement ASX: MMB
    SPECTACULAR DRILL INTERCEPT AT THUNDER BAY NORTH

    KEY POINTS

    Spectacular assay results have been received from drill-hole TBND061 in the southern part of Current Lake:
    61.7m @ 5.61g/t Pt+Pd, 0.66% Cu & 0.38% Ni from 29.3m,
    including 35.5m @ 8.83g/t Pt+Pd, 1.04% Cu, 0.57% Ni
    including 0.7m @ 26.5g/t Pt+Pd, 3.47% Cu & 1.56% Ni
    This is the best drill intercept recorded to date at the Thunder Bay North project.

    It now appears likely that mineralisation in this area could be part of a continuous zone extending along the length of Current Lake and southeast to Beaver Lake – a strike length of 2.5km.

    TBND061 is one of the first few holes in an approximately 24,000m drilling program which is in progress at the Thunder Bay North project. Data from this program and previous drilling programs will form the basis for initial resource estimates for the project anticipated to be completed in the first quarter of 2009.
 
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