Magma Metals Increases Platinum, Palladium Resources at Project

- February 23rd, 2012

Magma Metals Limited (TSX:MMW,ASX:MMW) announced it has added 71,000 ounces platinum-equivalent ounces at its Thunder Bay North project in Canada.

Magma Metals Limited (TSX:MMW,ASX:MMW) announced it has added 71,000 ounces platinum-equivalent ounces at its Thunder Bay North project in Canada.

Magma’s Managing Director, Dr. Keith Watkins said:

This is a significant addition to the project’s underground mineral resources and the December quarter drilling demonstrated that there is mineralization for a further 550m to the east of this, which we anticipate converting to resources with infill drilling. Our step-out drilling strategy to grow the project’s resource base is working and we are moving towards our initial exploration target of one million ounces platinum equivalent in resources.

Click here to read the Magma Metals Limited (TSX:MMW) press release.  

Tags

Leave a Reply

Your email address will not be published. Required fields are marked *