The Assay TV catches up with Adam McKinnon, managing director of Magmatic Resources Limited (ASX: MAG), a gold-copper exploration company focused on exploring eastern Australia for its next big copper-gold discovery.
Adam talks to us about the Myall project, a copper-gold project that covers the northern extension of the Junee – Narromine Volcanic Belt, where the company has recently hit its strongest copper-gold intersection to date at 355.2m at 0.38% Cu, 0.09g/t Au & 5ppm Mo.
Adam explains that every one of the ten holes drilled at Myall since the current drill programme commenced has intersected significant copper-gold mineralization, and the latest results demonstrate that the company is exploring in an exceptionally large-scale mineral system that remains open in every direction.
Primary ticker: ASX:MAG
Stages of development: Exploration
Commodities: Copper, Gold
Project to promote: Myall
Project location: Australia