Magma Metals Limited: Thunder Bay North-Scoping Study Update

Magma Metals (TSX:MMW,ASX:MMW) announced that a scoping project for  its’  Thunder Bay North platinum – palladium – copper – nickel project in Ontario has been rescheduled until next year.

The press release is quoted as saying:

AMEC Americas Limited is undertaking the independent Scoping Study for the Thunder Bay North project, based on their recently completed Mineral Resource Estimate (see Magma announcement of September 6, 2010). The Scoping Study was originally scheduled for completion in the December quarter, 2010. AMEC has advised that it is unable to complete the study until next quarter

Keith Watkins, Executive Chairman of the Company, says:

“Although we are disappointed in this delay, we are looking forward to launching our winter drilling program next month to test several promising targets beyond the resource area that AMEC has been studying.”

To access the full press release, click here.