Magmatic Resources (ASX:MAG) said it has received rock chip and drill cutting sample assays from a recent field trip at its Weebo gold project in Western Australia, according to a Monday Australian bourse filing.
The company said a sample of one meter at 48.1 grams per tonne grade of gold confirms high-grade primary quartz vein gold structures at the Scone Stone prospect.
The company has secured air-core drill contractors for a 2,500-meter program scheduled to commence in the last week of August.
The company has it has applied for four new exploration licences totalling 55 square kilometres adjacent to and along strike of the current Weebo Project.
The company's shares fell 4% in recent Monday trade.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。