Magnetic Resources NL Strikes Gold, Expands Deposit

Magnetic Resources NL (AU:MAU) has released an update.

Magnetic Resources NL has reported significant gold intersections at their LJN4 deposit, with a notable 23m at 6.3g/t from 317m. The northern part of the deposit has proven larger than expected, which bodes well for the potential expansion of both open pit and underground mining operations. The company is now updating its resource estimates and has several assays pending, following an overall resource increase in the Laverton Project.

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