Magnetic Resources NL (AU:MAU) has released an update.
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Magnetic Resources NL has reported significant gold intersections at depths exceeding current resources in the LJN4 deposit, with a notable find of 28m at 1.19g/t gold 100m down dip. These results suggest the potential for resource enlargement, which could positively impact the size of the open pit and economic outcomes of the project. The company continues to explore with deeper drilling, indicating the deposit remains open at depth and assays are pending for multiple drillholes.
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