Magmatic Explodes Onto WA Gold Scene with Weebo Deal

Magmatic explodes onto WA gold scene with Weebo deal

Magmatic Resources adds second string to its bow with WA gold deal Weebo gold project underexplored and surrounded by multi-million ounce mines in WA’s Northern Goldfields Drilling to take place in the September quarter   Special Report: As gold prices soar towards fresh record highs, traversing US$3450/oz, junior explorer Magmatic Resources has found a cheap entry-point to stake its claim in one of WA’s hottest gold regions with the acquisition…

Magmatic expands portfolio with Weebo - Australian Mining

Image: Phawat/stock.adobe.comMagmatic Resources has secured the Weebo gold project in a key gold-producing region of Western Australia. Through the agreement, Magmatic is set to acquire 136km2 across the southern Yandal greenstone belt near Leinster. The acquisition, which is subject to $50,000 in cash and 36 million shares in Magmatic, complements the company’s existing copper and gold assets in New South Wales. Weebo is strategically located b…