Magnetite Mines Ltd.ASX: MGT

High-Grade Silver and Copper Identified at Mutooroo Ridge

· Issued by Magnetite Mines Ltd.

Filed with ASX · · 37 pages · English

Summary by 6ix AI

Magnetite Mines Ltd. has announced the identification of high-grade silver and copper mineralisation at the Mutooroo Ridge Project following a re-assay of archived drill core. The results confirm multiple copper intercepts and two zones of high-grade silver mineralisation, indicating a mineralised copper-silver system. The company plans further evaluation of the mineralisation, including potential extensions along the structure and at depth. Managing Director Tim Dobson emphasized the importance of modern techniques in reassessing historic drilling data to unlock additional opportunities.

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