(NewsDirect)
Magmatic Resources Ltd (ASX:MAG) managing director joinsProactive’s Jonathan Jackson to talk about the restart ofexploration at the company’s Wellington North project in CentralWest NSW, adjacent to significant gold-copper deposits. McKinnonemphasised the project's role in Magmatic’s portfolio, situatednear major mining operations like Newmont's Cadia and near AlkaneResources' Boda-Kaiser deposits. Within Wellington North is thehistoric Bodangora Gold Field, which is part of the northern extensionof the Molong Volcanic Belt. This area is known for its rich goldhistory and proximity to large porphyry gold-copper resources. Withmore than 230,000 ounces of gold produced historically at high grades,the project's potential is underscored by its favourablegeological setting. Magmatic has pinpointed three key areas - BodaSouthwest, Lady Ilse North, and Rose Hill - for focused exploration.These sites, with proven mineralisation yet limited drilling, presentsignificant untapped potential. The initial focus will be on BodaSouthwest, leveraging its proximity to Alkane's Boda deposit touncover similar large-scale mineral resources.
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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