Magnetic Resources (ASX:MAU) extended mineralization at the Lady Julie North project in Western Australia, according to a Monday filing with the Australian bourse.
Drilling at the LJN4 deposit extended mineralization to 1 kilometer down dip starting from 30 meters deep, with yields of up to 11 meters at 2.2 grams per tonne (g/t) grade of gold from 592 meters, including 5 meters at 4.6 g/t gold from 592 meters, the miner said in the filing.
The company's shares were up almost 4% in recent Monday trade.
Price (AUD): $1.30, Change: $+0.05, Percent Change: +3.60%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.