Magmatic Resources Ramps Up Copper Exploration

Magmatic Resources Ltd. (AU:MAG) has released an update.

Magmatic Resources Ltd. has announced promising developments from its Black Ridge copper trend at the 100%-owned Parkes Project, located near the Northparkes Copper Mine. Recent sampling has revealed significant copper, gold, and silver anomalies across a 6km zone, with rock chip sampling yielding up to 6.5% copper. The company is ramping up exploration, including a major IP survey to identify drilling targets, buoyed by a strong cash position and a joint venture for its Myall Project.

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