Thunder Bay North-Exploration Update

Magma Metals (ASX:MMW) announced drilling results from its’ platinum-palladium-copper-nickel project in West Beaver Lake location in Thunder Bay.

The press release is quoted as saying:

Magma recently completed a close-spaced, 22-hole, 5,412m diamond drill program in the West Beaver Lake area of the Current Lake Intrusive Complex (CLIC) to follow-up four intersections of high-grade massive sulphides (in drill holes BL10-282, 303, 304, and 336) recorded during drilling earlier this year (Figure 1). The earlier holes were drilled to test down-hole electro-magnetic (DHEM) anomalies, interpreted to represent bodies of massive sulphides, semi-massive (net-textured) sulphides, or heavily disseminated sulphides (collectively termed “high-sulphide zones”). The objective of the follow-up drilling was to map the shapes and extents of the high-sulphide zones, to evaluate their continuity and determine the controls of mineralization.

Keith Watkins, Executive Chairman for the Company says:

“The drilling program has demonstrated the continuity of high-sulphide mineralization in this area. Delineation of these higher grade zones within the Mineral Resource is important as they have the potential to significantly enhance the value of the project”.

 To access the full release, click here.