Weebo Gold Project: 1m at 48.1 g/t Gold Spurs 2,500m Drilling Program
Magmatic Resources has launched a new phase of exploration at its Weebo Gold Project in Western Australia, backed by promising high-grade gold assay results and fresh tenement applications.
- High-grade 1m @ 48.1 g/t gold assay confirms primary quartz-vein mineralisation
- Exploration underway on Stage 2 licenses with approved Programs of Work
- 2,500-metre air-core drilling program scheduled for late August
- Four new exploration licenses applied for adjacent to Weebo project area
- Further drilling planned for November to test deeper targets and historical workings
Strategic Location and Early Success
Magmatic Resources Limited (ASX – MAG) has commenced an active exploration campaign at its Weebo Gold Project, situated in the heart of Western Australia's prolific eastern Goldfields region. The project benefits from a prime location surrounded by five multi-million ounce gold mines, including operations by Vault Minerals, Gold Fields, Bellevue Gold, and Northern Star Resources. This proximity underscores the potential for significant discoveries within Magmatic's tenements.
Recent fieldwork has yielded a standout assay result of 1 metre grading 48.1 grams per tonne gold from a quartz-vein structure at the Scone Stone prospect. This high-grade intercept confirms the presence of primary gold mineralisation, a critical factor that elevates the project's exploration appeal. The geological team’s detailed inspection of drill cuttings and rock chips has reinforced confidence in the mineralisation style and continuity.
Advancing Exploration with New Licenses and Drilling
Exploration activities have already begun on Stage 2 exploration licenses (E36/792, E36/797, E36/798), with Programs of Work approved and initial infill soil sampling underway. Magmatic has also applied for four additional contiguous exploration licenses totaling 55 square kilometres, expanding the project's footprint and future exploration potential.
To build on these early successes, Magmatic has secured air-core drilling contractors for a 2,500-metre program set to start in late August. This drilling will target soil anomalies, historical workings such as Wheel of Fortune, and prospects including Sir Samuel, Scone Stone, and Ockerburry. The program aims to refine the understanding of mineralisation orientation and test shallow high-grade zones beneath transported cover.
Looking Ahead – Sustained Activity and Broader Portfolio
Following the initial drilling, Magmatic plans a follow-up program in November involving both air-core and reverse circulation drilling to test deeper targets like the Otto prospect. The company is also conducting a comprehensive review of existing geological and geophysical data to sharpen target generation.
Managing Director David Richardson highlighted the momentum, noting that alongside the Weebo activities, Magmatic’s $3.5 million exploration budget at the Myall copper-gold project; under a joint venture with Fortescue; will keep the company busy with multiple news catalysts in the coming months.
With heritage clearances in place and logistical advantages from nearby towns, Magmatic is well positioned to advance its exploration agenda in a highly prospective gold belt, potentially unlocking new discoveries that could add significant value.
Bottom Line?
Magmatic’s Weebo exploration is gaining traction with high-grade results and expanded tenements, setting the stage for a pivotal drilling season.
Questions in the middle?
- Will upcoming drilling confirm the extent and continuity of the high-grade gold zones at Scone Stone?
- How will the new exploration licenses impact Magmatic’s overall resource potential and project valuation?
- What insights will the comprehensive data review provide for targeting deeper or concealed mineralisation?
