Magmatic Resources Limited (ASX: MAG) Provides Drilling Update on Myall FJVA Project with Fortescue

Tue 25 Mar 25, 04:12 AM | Team Kalkine

Image source: Shutterstock

Highlights

Seven of thirteen drill holes completed at Myall FJVA Project, targeting copper-gold porphyry deposits

Drill results at Calais intersected significant copper-gold mineralisation, opening new target areas

Corvette drilling extends mineralisation, increasing the exploration space to over 2km

Magmatic Resources Limited (ASX:MAG) has provided a comprehensive update on the ongoing drilling program at its fully funded Myall FJVA Project, located near Narromine in New South Wales, in partnership with Fortescue (ASX: FMG). The drilling campaign, which focuses on testing multiple regional targets, is designed to explore potential copper-gold porphyry deposits in the Narromine Igneous Complex (NIC). This is an area with significant historical mining interest, including the nearby Northparkes copper-gold mine, which has been in operation for over 30 years.

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