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Magmatic says first drill hole validates Lady Ilse model

Magmatic Resources has completed its first diamond core drill hole at the much-heralded Lady Ilse gold-copper porphyry target in New South Wales’ Lachlan Fold Belt, with indications the hole was a so-called technical success.

Michael Quinn
Magmatic Resources' first diamond core hole at Lady Ilse, New South Wales

Magmatic Resources' first diamond core hole at Lady Ilse, New South Wales

Magmatic said the hole had validated its exploration model by intersecting porphyry-style mineralisation in the predicted target zone, down-dip from gold and porphyry pathfinder anomalism and broadly coincident...

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