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Magmatic adds Blue Cap for gold mining ambitions

MICROCAP Magmatic Resources is forming a 50:50 with a Queensland-based mining contractor Blue Cap Mining so as to develop a gold project near Marvel Loch in Western Australia called North Iron Cap.

Michael Quinn
Magmatic hopes to emerge out of the market darklands with a mining venture near Marvel Lock featuring contractor Blue Cap Mining

Magmatic hopes to emerge out of the market darklands with a mining venture near Marvel Lock featuring contractor Blue Cap Mining

Magmatic and Blue Cap are aiming to sign a mining services agreement and related funding agreement that provides the required capital to bring the operation into production over the next 6-12 months. ...

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