Multiple Hits From Surface
Magnetic Resources (ASX:MAU) has intersected Multiple both thick and high-grade zones starting from surface are found at Lady Julie project in Western Australia after its most recent infill and extension drill programme.
Thee promising anomalous gold zones are still open to the north and south, west and down dip and are currently being followed up with 42 RC holes for 4684m averaging 112m hole depth mainly within the 2km long Lady Julie North 1 target zone.
The best and most consistent shallow intersections from surface to date at Lady Julie North with 28m at 4.5g/t from 0m including 16m at 7.2g/t from 12m in MLJRC348, 40m at 2.1g/t from 0m including 8m at 4.15g/t from 52m in MLJRC295, 36m at 1.7g/t from 68m in MLJRC352 and 12m at 4.40g/t from 40m in MLJRC292.
Magnetic noted that the width of the Lady Julie mineralisation is increasing with a new intersection of 36m at 1.72g/t from 68m in MLJRC352 on the most eastern edge, expanding the prospective zone to at least 100m.
This is expected to increase as this intersection in MLJRC352 is open to the east. Further drilling will test this expanded zone over a 200m x 500m area and include testing of the western extremity as well where there is an intersection of 2m at 3.93g/t from 37m in MLJRC237.
There are at least two separate stacked lodes present in this current drilling area with some thickening up to 56m in MLJRC293.
The southern 1km of the 2km long Lady Julie North 1 area is strongly mineralised. The amplitude of the soil anomaly containing the 41m at 2.6g/t form 31m in MLJRC162 is 50ppb.
There are several other similar soil geochemical anomalies that are now being drilled tested and are within the 1km northern part of Lady Julie North1 target. Drilling has already started here and further results are awaited.
In addition, a 1.9km long area directly north of Lady Julie has had a detailed 50m x 50m soil sampling completed and assay results are awaited. This soil survey is also encompassing some historical drilling with an intersection of 13m at 2.1g/t from 66m in RFC014 within Lady Julie.
The recent 2D seismic survey combined with results from recent major drill programmes as well as historical drillings results have led to the interpretation of 15km of gold targets in 10 areas within HN5, HN6, HN9 and Lady Julie.
The best-looking target so far besides the 3km-long HN9 mineralisation, is Lady Julie North (3.9km long) At Lady Julie North 1 there are many mineralised intersections including the outstanding intersection of 41m at 2.6g/t Au from 31m including 15m at 4.2g/t from 52m in MLJRC162 and 28m at 4.5g/t from 0m in MLJRC348.
This zone between the two thrusts is very prospective and there are numerous NS workings, mineralised drillholes and anomalous soil geochemical areas.
The eight thrust zones that come to surface continue to the north and south over an extensive 6km length and shallow RAB and or soil geochemistry is being planned to help outline any further anomalous gold areas worthy of follow up drilling.
Other previously drilled areas include HN9 Thrust 2, which is positioned on Thrust 2. At Lady Julie North 1 and 2, the targets are compelling because they are associated with the two parallel Thrusts 7 and 8. Interestingly, both the mineralised targets at HN9 and Lady Julie North appear to straddle two thrusts, with HN9 being a major 3km-long mineralised zone.
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