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“While we have to wait for the assays for confirmation, we are very confident these areas will be key targets for follow-up drilling.” “The intensity of visible copper sulphide mineralisation observed in several zones further down the hole is also very encouraging and highlights the immense potential of the project,” McKinnon adds.

The standout result was hole 22MYDD415, which intersected between 134.5m and 300m downhole including 151.5m at 0.37% copper, 0.08 g/t gold and 43ppm molybdenum. “And that’s with more than 75% of this interval yet to be assayed.” On a length-weighted basis, McKinnon explains the strong copper, gold and molybdenum results already define one of the best intersections from the Myall Project area to date. “We are so far past our original target now that we are effectively exploring a brand-new search space to the east of the original Corvette Prospect – currently untested in every direction – and still going,” he says. “It’s difficult to describe the excitement of our team each time we look over the previous day’s core and see an ever-increasing interval of visible sulphide mineralisation.

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MAG managing director Dr Adam McKinnon says this is an ‘absolutely stunning’ result for the first full hole of the company’s drilling program. Porphyry hunter Magmatic, is also soaring this morning after hitting copper sulphide mineralisation over a +740m interval at the Corvette prospect, part of the Myall Project in NSW. “The importance of this discovery for the project cannot be overstated, as it has hugely positive implications for the copper endowment within the project area.” “The new copper mineralisation is associated with a large EM plate that is one of six untested plates, most of which are located in highly prospective positions – below or adjacent to the known high-grade copper prospects and fault system,” managing director Dave O’Neill says. Shares in the company are up this morning after exploration drilling uncovered a new copper discovery at Storm.ĪW1 intersected more than 68m of stratiform copper sulphide mineralisation from 277m downhole, supporting its geological assumptions that there is a major copper system lying below the high-grade near surface mineralisation. Here are the biggest small cap resources winners for Tuesday, August 23.ĪW1 listed back in December 2021 with three North American projects to its name – its flagship West Desert zinc-copper-indium (and silver) Project in Utah, the Storm and Seal Projects in Canada and the Copper Warrior Project, also in Utah. Culpeo’s detailed mapping program at Lana Corina validates four high-priority copper drill targets.Magmatic returns ‘absolutely stunning’ copper result at Myall project in NSW.American West makes discovery at its Storm copper project in Canada.

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