Magmatic Resources completes 6,573m Weebo drill program

• Magmatic Resources completed its Phase 3 drilling programme totalling 6,573m at the Weebo Gold Project.
• The company's share price closed unchanged at $0.034 following the confirmation of the drill completion.
• Testing deeper targets and advancing three prospects aims to establish future reverse circulation drill-ready targets.

Magmatic Resources (ASX:MAG) completed its 6,573-metre Phase 3 drilling campaign at the Weebo Gold Project in Western Australia.

This latest exploration phase built on initial geological anomalies identified during the previous Phase 1 and Phase 2 programmes.

The exploration campaign deployed dual drilling methods comprising 2,112m of reverse circulation and 4,461m of air core drilling.

The company stated that laboratory assay results are expected to return steadily between July and September.

While the programme advanced three prospects, following the announcement, the Magmatic Resources share price was unchanged at $0.034.

The Weebo asset covers 270km2 within the Eastern Goldfields region near existing multi-million-ounce mining operations.

Magmatic also maintains exploration joint ventures elsewhere, including copper-gold porphyry targeting at its Myall Project with Fortescue (ASX:FMG).