Magnetic Resources (ASX:MAU) found further gold mineralizations in recent drilling results at the Lady Julie North project in Western Australia, according to a Thursday filing with the Australian bourse.

The intercepts include 24 meters at 5.05 grams per tonne grade of gold from a depth of 145 meters and 13 meters at 9.56 g/t gold from 156 meters, the filing said.

The miner has commenced a feasibility study which will incorporate both the open pit and the underground due to the very promising enlargement of the northern zone of the project, added the filing.

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