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THE DAILY ROADHOUSE

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Alicanto Minerals Hits Big Gold Numbers at Arakaka

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) released a whack of high-grade gold results from a diamond drilling program recently completed at the company’s 100 per cent-owned Arakaka gold project in northwest Guyana, South America.

Gateway Mining Expands Whistler Gold Footprint

THE DRILL SERGEANT: Gateway Mining (ASX: GML) reported results from a recently completed reverse circulation (RC) drilling program around the Whistler gold deposit, within the company’s 100 per cent-owned Gidgee gold project in Western Australia.

Trigg Mining Expands Lake Rason System

THE DRILL SERGEANT: Trigg Mining (ASX: TMG) announced it has received results of drilling carried out in December 2019 over the company’s Laverton Links sulphate of potash (SOP) project in Western Australia.

Antipa Minerals Welcomes Continued Rio Tinto Interest at Citadel

THE BOURSE WHISPERER: Antipa Minerals (ASX: AZY) reported that Rio Tinto Exploration Pty Limited has elected to proceed with the next earn-in stage into Antipa’s Citadel project which is located immediately adjacent to Rio Tinto’s Winu project in the Paterson Province in Western Australia.

Magmatic Resources Defines Large Porphyry Target at Lady Ilse

THE DRILL SERGEANT: Magmatic Resources (ASX: MAG) has completed an advanced MIMDAS geophysical survey at the Lady Ilse prospect, located within the company’s 100 per cent-owned Wellington North project in Western Australia.

Magmatic Resources Defines Large Porphyry Target at Lady Ilse

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THE DRILL SERGEANT: Magmatic Resources (ASX: MAG) has completed an advanced MIMDAS geophysical survey at the Lady Ilse prospect, located within the company’s 100 per cent-owned Wellington North project in Western Australia.

Magmatic Resources explained the geophysical survey was designed to assess for a potential porphyry system of similar style to Newcrest’s Cadia East project, located 100 kilometres to the south and Alkane’s Boda porphyry discovery six kilometres east.

The MIMDAS geophysics survey confirmed a large porphyry drill target downdip from the gold and porphyry pathfinder geochemical anomaly at Lady Ilse.

The company has interpreted the wide gold anomaly previously defined by shallow RC drilling to lie on the western edge of a much larger chargeability feature overlying a conductive porphyry target.

Magmatic believes the results highlight similarities between Lady Ilse and the nearby Boda discovery.

The company considers the results to have refined the location of upcoming diamond drilling and aided planning for anticipated further drilling.

“We are delighted with the MIMDAS results which are potentially defining a larger porphyry system than originally identified and greatly aids the positioning of our upcoming diamond drill program, and beyond.” Magmatic Resources managing director David Richardson said in the company’s announcement to the Australian Securities Exchange.

 

Email: info@magmaticresources.com

 

Web: www.magmaticresources.com

 

Magmatic Resources Gives David Flanagan a Chair at the Boardroom Table

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THE BOURSE WHISPERER: Magmatic Resources (ASX: MAG) has appointed David Flanagan to the company’s Board as an independent non-executive director.

Magmatic Resources declared it is entering an exciting new phase at its four East Lachlan gold and porphyry copper-gold exploration projects, and that Flanagan’s vast experience in exploration and developing mines will greatly enhance the company’s capabilities.

“David Flanagan has a strong track record, from greenfields exploration, project development, strategic planning to marketing and has a broad range of global industry contacts,” Magmatic Resources managing director David Richardson said in the company’s announcement to the Australian Securities Exchange.

“We are delighted that he has agreed to join our Board and we look forward to his contribution in what is a very exciting period of the company’s evolution as we progress planning our drill programs at our East Lachlan projects.

“David’s assistance in progressing our projects will be invaluable.”

For his part, Flanagan said he was excited to be joining the Board of Magmatic at a point in time where it is on the cusp of unlocking the value of its dominant position in the East Lachlan.

“Alkane Resources Limited’s (ASX: ALK) recent Boda porphyry copper gold discovery has highlighted the significant potential for new Tier 1 copper and gold discoveries in this underexplored region,” Flanagan said.

“With recent discoveries in a region that hosts a number of world class mining operations, I am looking forward to working with the Board and management team in developing and executing a strategy that will assist the company to maximise the value of its projects.”

 

Email: info@magmaticresources.com

Web: www.magmaticresources.com