Magmatic Resources has provided an update on exploration activity at its 100 per cent owned Wellington North Project, located north of Australia’s largest gold producer at Cadia East and effectively surrounding Alkane’s recent Boda gold-copper discovery.
Airecore drilling activity at the Wellington North Project’s Lady Ilse District comprised 47 holes totalling 614 metres and was designed to better define regolith anomalism and extensions to the Lady Ilse system.
Open northern and southern target zones upgraded at Lady Ilse
Magmatic reported that strong aircore gold results alongside nearby wide zones of gold and porphyry pathfinder bedrock anomalism, 67 metres at 0.22 grams per tonne (g/t) of gold (Au) and 54 metres at 0.18 g/t Au, 20LIRC005, 45 metres at 0.44 g/t Au, 20LIDD015 , have upgraded the prospectivity of the southern target zone (Figure 1).
In addition, the aircore results have upgraded and better defined the northern extension to the Lady Ilse system, with 1 metre at 0.1 g/t Au and 722 ppm copper (Cu) to the end of hole at the end of a drilling traverse (4-5 metres, EOH, 21WNAC280) (Figure 1).
Central Lady Ilse gold-in-regolith anomaly extended 200 metres south
Four aircore holes define a 200 metre wide >0.1 g/t Au gold-in-regolith anomaly in the central zone at Lady Ilse. This is the widest and most continuous zone of regolith gold anomalism intersected to date and is considered significant given the nearby broad gold anomalism defined in bedrock drill intercepts (Figure 1).
The Rockleigh target shows encouraging indications of a large gold-copper porphyry system, characterised by an open gold-copper soil augur anomaly within Boda equivalent rocks  (Figure 2).
Aircore drilling activity at Rockleigh comprised 25 holes totalling 248 metres and was designed to better define regolith anomalism and gold-copper bed rock potential.
Magmatic said that the results returned are encouraging and reported that follow up aircore drilling is planned to better define follow up bedrock drill targets.
The company advised that results are pending from Rose Hill, following the recent identification of bornite-quartz-epidote porphyry veins .
 For more information see Magmatic’s ASX announcement dated 24 December 2020.
 For more information see Magmatic’s ASX announcement dated 19 April 2021.