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Magmatic assays confirm Corvette porphyry system

MAGMATIC Resources shares hit a 12-month high late last month with confirmation of porphyry mineralisation at its Corvette prospect in New South Wales’ Lachlan Fold Belt, and now assays from deeper core confirm the mineralisation continues at depth, with the best grades yet reported.

Haydn Black
Corvette core

Corvette core

The explorer said the section between 300-650m assayed 111m grading 0.55% copper, 0.1 grams per tonne gold, 1.8gpt silver, and five parts per million molybdenum from 499m, including 61m at 0.81% copper...

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