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Magmatic Resources Confirms Shallow Gold Mineralisation at Weebo Gold Project Through RC Drilling Program

Date/time : 2026-01-27 04:03 PM
Symbol :

MAG

Company : Magmatic Resources Ltd
Price : 0.064
Market cap : 24,400,000
O/S : 381,638,949
Exchange :

AU

Industry :

Gold

Full story

Magmatic Resources discovered significant shallow gold mineralisation at the Weebo Gold Project through their Phase 2 RC drilling program. Assays showed downhole widths of gold mineralisation, such as 8m @ 1.42 g/t Au and 1m @ 19.4 g/t Au. Results from aircore drilling on other prospects are expected soon.