Magmatic Resources Ltd. (AU:MAG) has released an update.
Magmatic Resources Ltd. has reported promising assay results from a 64-hole air core geochemistry program north of the Lady Ilse Prospect, indicating a potential for a significant gold-copper porphyry system. The findings have expanded the known gold and copper anomaly to over 1,200 meters in length, with the zone remaining open to further exploration. This upbeat update is part of Magmatic’s broader exploration initiative across its East Lachlan projects, spurred by recent strategic partnerships and successful funding efforts.
For further insights into AU:MAG stock, check out TipRanks’ Stock Analysis page.