Extensive auger drilling to follow-up iac discovery
Filed with ASX · · 5 pages · English
Summary by 6ix AI
Magnum Mining and Exploration Limited has announced a significant auger drilling program at the Piracanjuba prospect, aiming to follow up on a recent discovery of Ionic Adsorption Clay rare earth elements. The program will involve extensive drilling to assess the lateral extent of mineralization and potentially establish a maiden resource estimate. The decision to accelerate exploration is based on promising recovery rates and initial assay results indicating high-grade mineralization. The drilling is expected to commence shortly, with further details to be provided in due course.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Magnum Mining and Exploration Limited on 6ix
Story so far
Earlier from Magnum Mining and Exploration
- Multiple continuous mineralised trends defined at Parker
- Geophysics Identifies High Priority Au-Cu Targets at Parker
- Ionic adsorption clay discovery confirmed at azimuth
- Potential large-scale ionic adsorption clay ree discovery
- High-grade Wet Mountain REE acquisition complete
Later from Magnum Mining and Exploration
- Trading Halt
- Multiple assays exceed 100g/t Au & up to 18.35% Cu
- Multiple overlimit assays confirm up to 178 g/t gold
- Large-scale drill programme launched at iac REE discovery
- New managing director to lead Magnum growth
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