2 RC rigs now operating at HN9 and Lady Julie
Filed with ASX · · 17 pages · English
Major drill programmes have begun in early New Year at HN9 and Lady Julie with two rigs being used. These programmes are proceeding with 108 RC holes for 12,519m at HN9 and 97 RC holes for 7,595m at Lady Julie. The aims are to define Indicated JORC Resources at both HN9 and Lady Julie which collectively have potential for a mining centre. These expanded zones that will be tested are 4km at HN9 and
Story so far
Earlier from Magnetic Resources NL
- New thickened zone in southern part of Hawks Nest 9
- Shallow Seismic searching for multiple thickened lodes
- Follow up of 16M at 1.1G/t gold from 64M at Lady Julie
- Positive metallurgical results from Hawks Nest 9
- High grade intersections in thickened zone a Hawks Nest 9
Later from Magnetic Resources NL
- Investor Presentation - January 2021
- Infill drilling at HN9 identifies 4m @70g/t AU from surface
- 2D seismic results show 1.5km depth continuity at HN9
- Final seismic shows up 4km2 thrust zone at HN9
- Raise $2.6m to advance drilling at HN9 and Lady Julie
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