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Magnetic Resources NLASX: MAU

Infill drilling at HN9 identifies 4m @70g/t AU from surface

Feb 7, 2021 at 9:43 PM EST · Issued by Magnetic Resources NL

Filed with ASX · Feb 7, 2021 at 9:43 PM EST

On 6ix: 6ix.com/news/infill-drilling-at-hn9-identifies-4m-70gt-au-from-surface

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Story so far

  • Drilling following up promising intersections at Lady JulieJun 29, 2020
  • Homeward Bound purchased after thick intersections drilledMay 5, 2020
  • Highest grades at HN9 and drilling commences at Lady JulieOct 14, 2019

Earlier from Magnetic Resources NL

  • Investor Presentation - January 2021Jan 21, 2021
  • 2 RC rigs now operating at HN9 and Lady JulieJan 10, 2021
  • New thickened zone in southern part of Hawks Nest 9Nov 30, 2020
  • Shallow Seismic searching for multiple thickened lodesNov 15, 2020
  • Follow up of 16M at 1.1G/t gold from 64M at Lady JulieNov 1, 2020

Later from Magnetic Resources NL

  • 2D seismic results show 1.5km depth continuity at HN9Feb 14, 2021
  • Final seismic shows up 4km2 thrust zone at HN9Apr 18, 2021
  • Raise $2.6m to advance drilling at HN9 and Lady JulieApr 25, 2021
  • Quarterly Cashflow ReportApr 27, 2021
  • Exploration to commence at nickel project east of JulimarApr 28, 2021
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