Announcement Date: 2023-04-11
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Magnetic Resources NL
Project name: Lady Julie
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 96m at 1.23g/t Au from 54m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The Lady Julie North 4 (LJN4) gold mineralisation is still open at depth and to the east of the thickest intersection to date of 96m at 1.23g/t from 54m and includes 54m at 1.95g/t from 94m in MLJRC679. A number of other promising thick intersections are also open and being followed up to the east, some of these intersections are 18m at 4.98g/t from 89m in MLJRC687, 50m at 1.92g/t from 96m in MLJRC632, 15m at 1.31g/t from 173m in MLJRC669, 24m at 2.03g/t from 147m in MLJRC629 and 16m at 1.86g/t from 181m in MLJRC628 (Figure 1). In addition, 5 RC holes are testing the direct 750m southern extension of LJN4 within the gold rich Chatterbox shear and looking to extend the intersection of 2m at 3.58g/t from 48m which was at the end of the hole in MLJAC191, which was from wide spaced AC drilling completed previously. The thick intersections and the 750m southern extension programme are being followed up with a 23 RC hole programme totaling 3,104m
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