THE DRILL SERGEANT: Magnetic Resources (ASX: MAU) has commenced exploration activites at the company’s Benjabbering nickel-copper-PGE project, east of Julimar in Western Australia.
Magnetic has four separate projects, including Benjabbering, Trayning, Goddard, and Korrelocking, all of which are held 100 per cent by the company.
The combined landholding starts from 90 kilometres out to 150km northeast of Chalice Gold Mines’ Julimar nickel-lead discovery.
Magnetic explained it selected these projects based on aeromagnetic interpretation after noting the structural setting of the Julimar complex and the Gonneville mineralised discrete magnetic mineralised nickel-copper-PGE rich intrusion.
The Julimar discovery in March 2020 has led to a massive pegging rush covering 30,000 square kilometres.
The Julimar Intrusive Complex flags the existence of a new and unexplored West Yilgarn nickel-copper-PGE Province along the western margin of the Archean Yilgarn Craton.
“With this amazing 30,000 square kilometres pegging rush for Julimar style nickel-copper-PGE mafic-ultramafic complexes, Magnetic has picked up 322 square kilometres of ground with some excellent targets,” Magnetic Resources managing director George Sakalidis said in the company’s ASX announcement.
“The Benjabbering project has a very large 30 kilometres sinuous aeromagnetic target that has similar shape and structure as the Julimar intrusive and has never been drill tested.
“Numerous discrete large-scale targets identified over Magnetic’s three granted projects will be initially drill tested along road traverses followed by more extensive drilling when access agreements are finalised with local landowners.
“Magnetic’s HN9 and Lady Julie projects remain the company’s primary focus after 20,000 metres of drilling has been completed in the last three months with assay results pending.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE