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    Magma Metals Limited: Summer Drilling Extends Mineralization at Thunder Bay North

    Investing News Network
    Aug. 29, 2011 09:31AM PST
    Precious Metals

    Magma Metals Limited (TSE:MMW,ASX:MMW) reports on the exploration program at its platinum-palladium-copper-nickel project.

    Magma Metals Limited (TSX:MMW,ASX:MMW) reports on the exploration program at its platinum-palladium-copper-nickel project.

    The press release is quoted as saying,

    The drilling program has defined an approximately 450m-long zone of mineralization contiguous with, and immediately east of, the current underground mineral resource. Much of the mineralization in the Beaver Lake area appears to be located above linear depressions in the base of the host intrusion. The new zone of mineralization is located above a pronounced linear depression which appears to be deepening to the east.

    Magma’s Managing Director, Dr. Keith Watkins says,

    The newly defined zone of mineralization represents a significant potential extension to the underground mineral resource at TBN. This zone is open to the east where drilling will now focus on identifying further extensions in the next 1km of strike to the east.

    For the complete press release, click here.   

    tsx:mmwasx:mmw
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