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Magmatic Resources Ltd. ( (AU:MAG) ) has provided an announcement.
Magmatic Resources Ltd announced promising results from its maiden drilling program at the Weebo Gold Project in Western Australia. The drilling revealed significant shallow gold mineralization at the Ockerburry and Scone Stone prospects, indicating strong potential for extensive gold deposits. The company plans further drilling in November to explore these promising targets, potentially enhancing its industry positioning and offering new opportunities for stakeholders.
More about Magmatic Resources Ltd.
Magmatic Resources Ltd is a company operating in the mining industry, focusing on gold exploration and development. The company is strategically positioned in the Eastern Goldfields region of Western Australia, surrounded by several multi-million-ounce gold mines. Magmatic Resources aims to secure highly prospective areas to generate new gold discoveries.
Average Trading Volume: 546,648
Technical Sentiment Signal: Buy
Current Market Cap: A$33.53M
See more data about MAG stock on TipRanks’ Stock Analysis page.